Message from the CEO
whether it Was the outstanding performance results with A total sales volume of 27,552 million baht, which Grew by 87% from both projects launched in the Previous year and 7 newly launched projects Worth 25,500 million baht. The company’s total Revenue was 16,638 million baht which increased By 67% and a net profit of 3,338 million baht which Increased by 65%. This reflects acceptance from Customers and general consumers. We continue To focus on being a leader in real estate Development that meets the urban living Lifestyle to enable one to live life fully by Expanding the business to cover all residential And real estate needs.
In the development of condominium projects, the Company expanded into high-end products under the Park Origin brand with the concept of “A Perfect Living Platform”, which is a new living concept from Park Origin. This is a step ahead of the traditional residential development model and ordinary lifestyle by looking deeply into the needs of the modern city people that will enable one to live life fully. It combines society, technology and nature together. As a result, the Company launched Park Origin Thonglor, a grand project located in the heart of Thonglor and Park Origin Phayathai which has outstanding design. This resulted in being awarded with the THAILAND PROPERTY AWARD in the category of ARCHITECTURE, LANDSCAPE and SMART HOME.
In regards to housing project business, after the first housing project was launched at the end of 2017, the project has been well received and the entire project sold out within 1 year. In 2018, the Company launched 2 additional housing projects and received very positive feedback with the sales volume up to 1,000 million Baht within the first week of sales. The Company plans to expand the proportion of housing businesses to be close to the number of condominium projects in order to completely meet housing needs.
In regards to the recurring income real estate businesses which includes hotels, serviced apartments, office buildings, and retail space, the Company signed a joint venture with Nomura for another project called Mix-Used One 24 project. There will be 2 hotels opening for service in 2019, namely, Staybridge Suites Bangkok Thonglor and Holiday Inn and Suites Sriracha Chabang. Moreover, there are other projects in the operation process which will be able to launch more than 2,265 keys within 5 years.
In addition to creating stable growth in all dimensions, we continue to develop products and services under the concept of EMPATHY – SMART PRODUCTS + EXCELLENT SERVICES in order to create superior standards which attracts customers by considering and paying attention to the feelings of every customer as our basis. This is reflected in all of our products and services.
Due to this success, we would like to express our gratitude to customers and all those who have contributed to our success for their great support. The Company will continue to commit to the benefits of society according to good governance.
