Plus Property Hits Big Cities in Thailand and Targets to Increase 11% Revenues in 2013
BANGKOK, May 15, 2013 /PRNewswire/ -- In the near future, the important factor which affects the growth of real estate services industry is the launch of the ASEAN Economic Community (AEC). This will impel both Thais and foreigners to invest more in real estate. As many years have passed, the government's policies which declare that there will be investment and development in many infrastructure projects help support the expansion and development of many projects in property industry. This will be prepared to support the influx of tourists and business people to Thailand.
Mr. Poomipak Julmanichoti, Senior Deputy Managing Director of Plus Property Co., Ltd., a leading property service provider in Thailand said the company will focus on property service in 2013. The company has expanded its market into promising provinces in Thailand such as Phuket, Chiang Mai, Khon Kaen, Udon Thani, Nakornratchsima, Songkhla, Chonburi, Hua Hin and Rayong. The company estimates 2013 revenues to rise by 11% from the last year. In the first quarter of 2013 (end of 31 March 2013), the company's total revenues are 211 million baht, up 29% from the same period last year to reach 163 million baht.
There are no signs which lead to economic bubble in real estate market in Thailand. According to the Bangkok and provincial demand analysis by the research and development department of Plus Property, sale closes in many projects ensure the stable market demand. For example, EDGE Sukhumvit 23 (Project worth 2,900 million baht) and The XXXIX (Project worth 2,700 million baht) can close the sales in a single day. Also, condominium projects in provinces such as The Base Height Mittraphap KhonKaen, dcondo Nernpra Rayong as well as D'Vieng Santithamin Chaingmai which was sold out within 1-2 days. Contrary to general assumption, this is the sign which indicates the demand of residence in provinces' market has more potential.
Its real estate brokerage services have remarkably increased their overall operations in 2012; 47 Sansiri's high rise condominium projects were sold at sales revenue approximately 28,600 million baht and 17 projects for other companies, so the overall sales revenue, including house for rent Phuket and rent apartment Bangkok is 10,000 million baht. The firm's revenues are 758 million baht, which increased by 41% from 2012. In real estate management service, currently, Plus Property manages a total of 122 projects. For Building and Facilities management, the latest new is that Plus Property has been appointed to administrate department store and residence of Chamchuri Square in Bangkok.
The company also focuses on personnel development, which is the core of management. This will be the support for the real estate expansion of every segment in all regions. Training programs will be continuously developed. There will also be pre-training program for staffs at least 3 months before the actual work.
About Plus Property Co., Ltd.
Plus Property Co., Ltd., a subsidiary of Sansiri PCL, with over 15 years of property management business, entrusted by both private and government sectors. The company today stands proud as one of Thailand's leading property service providers with a high operational standard comparable to that of international companies, but delivered with local expertise. The company also has set the stage to becoming the leader of the real estate services, engaging in 2 primary business areas: first, Agency -- real estate brokerage services as well as project sales management and the professional consultancy in business areas such as condo Bangkok, house Bangkok and rent Hua Hin,and second, Facility Management -- total real estate management.
For more information, please contact:
Plus Property Company Limited
163 Rajapark Building, 10th Floor, Sukhumvit 21 (Asoke) Road
KlongtoeyNua, Wattana, Bangkok 10110 Thailand.
Tel: +66-2688-7555
Fax: +66-2611-6633
Email: [email protected]
SOURCE Plus Property Company Limited
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