Lalin Property seizes the opportunity as Thailand's economy starts to pick up, celebrating its 36th anniversary in August with attractive offers for consumers looking for homes. The company advises that if consumers are planning to buy a house, they should make their decision quickly this year, as the trend of rising loan interest rates becomes clearer, along with increasing construction costs that may lead to higher home prices in the market.

Mr. Churachart Chakrakul, Managing Director of Lalin Property Public Company Limited (LALIN), a developer of quality real estate projects under the concept of 'homes built on good intentions,' stated that on the occasion of its 36th anniversary, Lalin Property remains committed to promoting opportunities for Thais to own quality homes. In 2022, the segment of residential properties developed under original costs is nearing depletion. Therefore, consumers planning to buy a home this year should expedite their decisions. The company is taking this special opportunity to present homes, townhomes, and innovative housing concepts priced between 2-10 million baht under various brands, including Lancelot, Lio, Lalin Homes, and Lalin Greenville, which are recognized by customers for their unique designs and meticulous attention to detail, creating a new experience for customers in a French Colonial Style with increased usable space to accommodate the new normal lifestyle. These homes feature multipurpose rooms that can be adapted for Work From Home, Online Study, or even converted into rooms for the elderly to meet the needs of an aging society in the future. Additionally, more green spaces have been added to reduce PM2.5 dust issues, providing customers with valuable usage while selecting materials that meet standards and are environmentally friendly to elevate living standards towards a quality society.

Lalin Property has organized a special promotion to celebrate its 36th anniversary. Customers who book between August 7-8, 2022, will receive furniture valued at over 500,000 baht (terms and conditions apply as specified by the company). This offer is valid for bookings made on August 7-8, 2022, with ownership transfer by September 30, 2022. Registration for this offer can be done at https://bit.ly/2TKmwiO.

Regarding the overall outlook for the Thai real estate market in the second half of 2022, Mr. Churachart expressed his views on the matter: "Typically, the growth of the real estate business averages 1.5-2 times the Gross Domestic Product (GDP). The National Economic and Social Development Council has projected Thailand's GDP growth for 2022 to be around 2.5-3.5%. This means that the Thai real estate business is expected to grow by approximately 5-7% this year. Lalin Property believes that the overall real estate business will show improvement compared to the first half of the year due to factors from the export sector, which is a primary source of income for the country, showing positive trends as various countries resume normal business operations and benefit from the depreciating baht. Furthermore, looking at the tourism sector, another significant source of income for Thailand, there has been an increase in the number of tourists entering the country. The government estimates that in the second half of the year, around 6-8 million foreign tourists will visit Thailand, positively impacting businesses related to tourism. However, there are still other challenges that the real estate business must closely monitor, such as rising oil prices, which have begun to stabilize as various sectors adapt to the global situation. Plans have also been adjusted to mitigate the impact of the Russia-Ukraine conflict. It is evident that the ability to adapt and strategize to cope with current situations is crucial for the business to continue operating efficiently," Mr. Churachart Chakrakul concluded.