Property Perfect has successfully prepared funds to repay its bonds that are due in the first quarter, totaling 2,679.1 million baht. In the first quarter, the backlog amounts to 1,870 million baht, with plans to close sales on condominiums in Japan and sell land to generate an additional 800 million baht. The company aims to boost sales growth starting from the first quarter, as the high-end housing market has shown positive signals since the first month.

Mr. Sanit Atthayanasukul, CEO of Property Perfect Public Company Limited, stated that the company prioritizes operational efficiency and financial management to build investor confidence. This includes business plans to drive sales and revenue growth, allocating funds to support business expansion, and preparing to repay bonds as scheduled. In the first quarter of 2024, the company has two bond issues maturing, totaling 2,679.1 million baht, with bonds due on January 22 for 679.1 million baht and on February 23 for 2,000 million baht. The company has already arranged the funds to repay both issues.

“The company has revenue from operations and land sales, and has secured financial support from institutions to fully repay the maturing bonds in the first quarter of this year. The company also has a total backlog of 1,870 million baht and aims to close sales on condominium projects in Japan, with only 3 units remaining, as well as plans to sell land in the Chaeng Watthana area, which will generate an additional 800 million baht in revenue, aside from the company's business plans to drive sales growth this year starting from the first quarter,” he added.

In the first month of the year, the company has seen continuous sales from the high-end single house segment, which is a positive sign. It is expected that this year will see increased sales from high-end housing projects, including “The Signature,” an innovative mansion project in collaboration with Sekisui Chemical in the Perfect Masterpiece project across 5 locations. Last year, sales were closed in the Rattanathibet area, and this year it is expected to close sales in 2 more locations: Chaeng Watthana and Sukhumvit 77. Meanwhile, the “Lake Legend” project, a luxury mansion by the lakeside in collaboration with “Hong Kong Land,” has also seen sales since the beginning of the year in 2 locations: Chaeng Watthana and Bangna-Suvarnabhumi.