Listed property developer Ananda Development has staked its claim to be the largest seller of condominiums in Thailand during the first quarter of 2015, with pre-sales standing 356% higher than expected.
During the quarter, the company launched two condominiums close to mass-transit stations; Ashton Residence 41 on Sukhumvit Soi 41, and Ashton Chula-Silom, on Rama IV road. The former was sold-out at launch while the latter has achieved a sales rate of 81 percent to date.
Including sales from existing projects. the company generated total presales for the quarter of THB9.3 billion, an increase of 336.7 percent over the same quarter a year earlier
Commenting on the success of recent launches, Ted Thirapatana, Chief Business Development Officer, sod “Another very strong sales performance for our recent launches, and our ability to raise prices, shows that wel- located projects are in demand from Thai consumers.
“We have now achieved 41 percent of our initial annual presales target during the first quarter, and we still have 10 of our 12 planned project launches this year still to come.”
Chanond Ruangkritya, CEO of Ananda, added, “We are delighted to have achieved such strong results in the quarter, and in particular that our new projects were so well received.
“Ananda is the market leader in Bangkok mass-transit living, and has now become the largest seller of condominiums in Thailand.
“We believe we will maintain our leadership in the condominium market, and end the year as the number one seller of condominiums in the country.
“I’m extremely proud of my staff for having achieved this in only our third year as a public company.”
Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
