Mr. Nuttaphong Kunakornwong, Chief Executive Officer of SC Asset Corporation Public Company Limited, revealed that the operating results for the first quarter of 2021 had total revenue of 3,965 million baht and net profit of 417 million baht, with a comparable growth. With the same period of last year at rates of 20% and 39%, respectively, while total sales grew 188% to 5,700 million baht, divided into 4,606 million baht, 123% growth in low-rise houses, and 1,094 million baht growth of condominiums 1381%.
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Especially the company’s detached house projects There is growth at every price which is in line with the goals of announcing business plans and being the number 1 single-detached home brand from the beginning of last year. As a result, the Company currently has the largest single detached house market share at 15%. The 3 main detached houses that sell well and grow are houses priced over 20 million baht, which is a strong market of the company. There is a growth of about 4 times or 268%, detached houses priced at 5-20 million baht, double or 113% growth and detached houses priced below 5 million baht grow 10%.
Condominium section In the luxury market At a price level more than 3 hundred thousand baht per square meter. The company has a market share of 26% and is ranked number 1 in the market with the project Scope Promsri on Sukhumvit 49, a condominium recently launched by the company. Well accepted, 45% of reservation has been made.
For the rest of the year The company will launch 8 low-rise projects worth a total of 9,000 million baht, the first two projects will be ready for booking in the second quarter, totaling 1,145 million baht, consisting of the Bangkok Boulevard Signature, Petchkasem-Pinklao. Luxury houses on land sizes from 100 square wa upwards, starting price 20-30 million baht, near The Mall Bang Khae. And the Work Place project Saimai – Phaholyothin Premium Home Office, starting price 7-20 million baht, located near Chatuchot Expressway and Chalong Rat Expressway.
At the same time it also accelerated sales of 57 projects under construction and sales. Which represents a total residual value of more than 40,560 million baht, divided into 47 low-rise houses and 10 condominiums.
“Although the COVID situation is very challenging, We are confident that we will achieve our goals. Both sales and revenues this year, ”said Mr. Nattaphong.