Property Perfect has announced the completion of interest payments on all 10 bond series due in May 2026, moving forward with plans to sell assets, including a building on Silom Road and land along the river, to ensure full payment of employee salaries, downsize the organization in the second half of the year, and adjust strategies to boost sales by creating new standard homes and health centers close to home.

Mr. Sanit Atthayanasukul, CEO of Property Perfect Public Company Limited, revealed that the company has successfully paid the interest on the PF263A bond series, which was due on May 25, 2026. Previously, the company had also completed interest payments on nine other bond series due in May 2026, including five bonds maturing between May 7-11: PF264A, PF265B, PF268A, PF25NA, and PF258B, as well as four bonds maturing on May 18-19: PF258A, PF265A, PF268B, and PF26NA.

“After completing the bond interest payments, the next plan is to enhance liquidity to ensure full payment of employee salaries. Currently, the asset and land sale plans are progressing, with an agreement to sell a six-story office building on Silom Road valued at 150 million baht and land along the Chao Phraya River, covering 8 rai, located near Icon Siam, valued at 2 billion baht. This land belongs to a joint venture in which the company holds a 9% stake and is expected to receive funds within three months,” he stated.

Some asset sales have been delayed due to global economic uncertainties and the conflict in the Middle East, which have affected the investment climate recently. However, the company assesses that the situation is becoming clearer and expects it to support the progress of other transactions.

At the same time, the company will continue to implement cost control measures and enhance operational efficiency by downsizing the organization, reducing the workforce by over 100 employees in the second half of the year, and aligning human resource management with current business directions.

“In the first quarter of 2026, the company experienced its lowest sales in 40 years, necessitating a swift adjustment of strategies to increase sales opportunities for both housing and condominium projects. The plan includes a new standard home construction strategy focusing on environmental preservation and reducing household expenses, along with improving the quality of life for residents by transforming the clubhouse into a Health Club, a health center close to home that caters to family members of all ages, as well as incorporating AI systems into real estate management,” he added.