Kanda Property is moving forward with investments to capture the real estate market in Q4, which continues to recover. They are preparing to launch 3 townhome projects with a total value of 2.2 billion baht, starting with a new series of house designs comparable to single-family homes in the I-Live Prime project, Lam Luk Ka, Klong 2. Each unit will feature a private garden at the back, with prices starting at 2.59 million baht, and they are confident in achieving their annual sales target of 3.3 billion baht. 

Mr. Haskorn Boonyang, Deputy Managing Director of Kanda Property Co., Ltd. stated that the housing market direction in the last quarter of 2022 is highly competitive, with companies continuing to offer promotions to stimulate sales and clear their stock. This is due to ongoing concerns about the economy in 2023, particularly regarding interest rates that will impact both purchasing power and operational costs, as well as rising inflation, political uncertainties in Thailand, and international conflicts.

However, there is confidence that the purchasing power, which had slowed down since the COVID-19 pandemic, is gradually recovering. The reopening of the country to welcome tourists since Q2 has allowed workers in the service sector, especially in tourist cities, to gradually return to work and achieve greater financial stability. Additionally, in the last quarter of 2022, several factors are encouraging consumers to make housing purchases, including:

- Government measures promoting home purchases that reduce transfer fees from 2% to 0.01% and mortgage fees from 1% to 0.01% for buyers transferring ownership by the end of 2022.

- Intense competition among real estate developers aiming to accelerate sales and clear stock at the end of the year, benefiting buyers with opportunities to purchase homes at the best prices and promotions before price increases due to rising land and construction material costs.

- Interest rates that the government is trying to keep stable, resulting in state banks and many large commercial banks announcing to maintain loan interest rates until the end of 2022. Compared to abroad, Thailand's policy interest rate has seen minimal increases, making it still a low-interest point for consumers, even though it has gradually risen to 1%.

In the last quarter of 2022, the company will launch 3 new projects in November, all townhomes with a total value of 2.2 billion baht. These include:

1. I-Live Prime Lam Luk Ka Klong 2, 157 units, valued at 500 million baht.

2. I-Live Prime 2 Pracha Uthit 90, 255 units, valued at 600 million baht.

3. I-Live Proud Rama 2 Km. 14, 449 units, valued at 1.1 billion baht.

The latest project to be launched is I-Live Prime Lam Luk Ka Klong 2, which is the highlight project of the last quarter. It features a new series of townhomes with an English Garden style, with a land size of 25 square wah and usable space of 165 square meters, comparable to a single-family home. It includes 4 bedrooms, each with a private bathroom, and is designed with a ground-floor bedroom to accommodate the elderly. Additionally, it features a backyard garden for a refreshing and pleasant atmosphere, with ample ventilation. The project includes a large public park, exercise area, and playground, located near the Khu Khot BTS station, within 10 minutes. Prices start at 2.59 million baht.

Additionally, the company has several projects for sale in various locations, including single-family homes, duplexes, townhomes, and commercial buildings, totaling over 10 projects. These include I-Live Prime Rama 2 Km. 14, I-Live Prime 2 Rama 2 Km. 14, I-Live Prime Pracha Uthit 90, I-Live Prima Setthakit-Bang Pla, I-Live Town Ratchaphruek-Kanchanaphisek, I-Live Prime Ring Road-Rangsit Klong 4, Kanda Place Ring Road-Lam Luk Ka Klong 6, I-Live Prima Theparak-Bang Bo, I-Live Prime 2 (Thalang), I-Live Prime Pattaya-Jomtien, among others.

Regarding the performance in the first 9 months of 2022, which is the year the company announced its business goals under the Kanda Change strategy, adapting operations to better meet the needs of the new generation of consumers and expanding project locations to cover target customer groups, the sales performance in the past 9 months reached 2.2 billion baht, slightly exceeding the 9-month sales target of 2.18 billion baht. The annual sales target is set at 3.3 billion baht, and they expect to achieve the set sales goals.

Meanwhile, the revenue from ownership transfers in the past 9 months was approximately 1.35 billion baht, falling short of the target of 1.65 billion baht by about 18%. The main reason for this was construction delays due to continuous rain in many areas where the company launched new projects, and the adjustment of plans for 2 new projects, which involved changing the design and functions of the homes to better meet customer needs. It is expected that the ownership transfer target for 2022, set at approximately 2.5 billion baht, will realistically be around 2.0 to 2.1 billion baht.