Record-Setting Ananda Development Announces 2018 Plans

28 ก.พ. 2561

Record-Setting Ananda Development Announces 2018 Plans

Ananda Development Plc revealed that it will launch 16 new projects this year as the developer looks to keep up the momentum it set in 2017. The company earned THB12.95 billion in revenue, a record total for Ananda Development, and this was an increase of 6 percent year-on-year.

The new projects will be worth THB35.1 billion combined and will see Ananda Development launch 8 condos and 8 low-rise developments this year. The company also intends to launch 7 joint venture developments with its partner, Japanese developer Mitsui Fudosan. Last year, the 2 companies launched a total of 6 projects, including Ideo Q Sukhumvit 36, Ideo New Rama 9, Elio Del Nest, Ideo Mobi Rangnam, and Elio Del Moss, as well as a new condo development located on Rama 9 road.

Find the property projects of Ananda development 

“We aim to boost development of joint venture projects from a total of THB95 billion as at the end of last year to more than THB114 billion this year,” says Ananda Development Chief Executive Chanond Ruangkritya in a press release.

Ananda Development brought in THB34.9 billion in pre-sales last year, which was 7 percent higher than it had forecasted. The company saw an uptick in foreign buyers as well with THB9.77 billion in pre-sales coming from outside of Thailand. The sum from foreign buyers was an increase of 164 percent from 2016. The developer first started selling to overseas buyers in 2013.

The 16 projects to be launched this year is the same total the company introduced in 2017. However, the composition will be different. Ananda Development launched 11 new condo projects and 5 new housing projects with the total project value of those being THB 42.5 billion last year. The developer was the biggest launcher of condo projects in Thailand in 2017 and the value of these launches was THB36.6 billion.

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