**Exclusive Interview: Mr. Somboon Wasinchachawal** Acting CEO of the Residential Property Group, Frasers Property (Thailand) Public Company Limited

#### First Half Performance (October 2023 – March 2024)
- Total Revenue: 4.102 billion THB
- New Projects: The Grand and Grandio single-family homes
- Grandio Chaeng Watthana-Muang Thong: Valued at 2.3 billion THB
- The Grand Chaeng Watthana-Muang Thong: Valued at 2.1 billion THB

#### Current Portfolio (as of Q2 FY 2024)
- Ongoing Projects: 75 projects valued at 103.3 billion THB
- Bangkok and surrounding areas: 63 projects valued at 91.5 billion THB
- Upcountry: 13 projects valued at 11.8 billion THB in 8 provinces including Chiang Mai, Chiang Rai, Udon Thani, Khon Kaen, Nakhon Ratchasima, Ayutthaya, Chachoengsao, and Chonburi

#### Second Half Operational Plans (April-September 2024)
- Preparing to launch 4 new projects valued at 5.1 billion THB
- Grandio Kaset-Nawamin: Valued at 2.1 billion THB
- The Grand Pinklao-Kanjana Ring: Valued at 1.65 billion THB
- Neo Home Rayong: Valued at 900 million THB
- Close Condominium Ratchada: Valued at 450 million THB
- Adjusting operational strategies to clear stock alongside marketing campaigns
- Expanding existing markets and promoting the Frasers Property brand

#### Market Conditions and Competition
- The luxury home market may face over-supply but is not engaging in price wars
- The upcountry market remains very attractive, especially in major cities
- Land tax should be reduced from 90% to promote business

#### Message to the Government and Home Buyers
- Lower interest rates to assist home buyers
- Homes remain valuable assets that do not easily depreciate; it is advisable to buy before the minimum wage adjustment

#### Conclusion
Mr. Somboon Wasinchachawal emphasized the importance of fostering domestic support to ensure the sustainable recovery of the Thai real estate market and urged property developers to collaborate to prevent the situation from worsening.