{"id":8810,"date":"2016-03-22T15:48:05","date_gmt":"2016-03-22T08:48:05","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/thailands-leading-property-developers-win-in-q4-2015\/"},"modified":"2016-03-22T15:54:44","modified_gmt":"2016-03-22T08:54:44","slug":"thailands-leading-property-developers-win-in-q4-2015","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/thailands-leading-property-developers-win-in-q4-2015\/","title":{"rendered":"Thailand\u2019s leading property developers win in Q4 2015"},"content":{"rendered":"


\nIt appears that the government-led boosting measures worked
\nImage credit: Emaze.com
\nThe revenue of Thailand\u2019s leading property developers rose nearly 22 percent year-on-year as strong fourth quarter demand helped offset a sluggish start to the year. The exceptional final quarter in 2015 was due in large part to the government measures implemented to boost the property market.
\nThe net profit of the country\u2019s top 10 property developers rose by 7.27 percent from the same period last year. They managed to bring in a combined THB37.75 billion in net profit during 2015. The 10 developers\u2019 average net profit ratio was roughly 15.8 percent for the year.
\nAccording to the\u00a0Real Estate Information Centre (REIC) estimates, these developers managed to account for 72 percent of the residential market in Thailand last year. Pruksa Real Estate was one of those developers who reported strong numbers. They recorded year-on-year growth of almost 20 percent and earned THB51.43 billion in 2015.
\nPruksa\u2019s president and chief executive officer, Thongma Vijitpongpun, told media that the company\u2019s performance was down to strong residential demand in Q4. This time coincides with the government introducing incentives to boost the property market by cutting transfer and mortgage fees and also offering a special interest rate for mortgages from the Government Housing Bank.
\nMore: This mobile app for agents could redefine Thailand\u2019s property world
\nSansiri was another developer who managed to have a successful year in 2015. The firm posted impressive revenue growth of 30.25 percent and generated income of THB38.45 billion.
\n\u201cOur total revenue grew strongly, with the number of units at ready-to-stay condominium projects being transferred to customers exceeding our estimate, plus some of our income was from management fees to develop condominiums under our joint venture with BTS Group Holdings,\u201d chief operating officer Wanchak Buranasiri explained.
\nSC Asset broke its record for a year\u2019s performance in the areas of gross income and net profit bringing in an income of THB14.184 billion and a net profit of THB1.89 billion in 2015. These figures increased by 12 percent and 22 percent y-o-y. The company\u2019s financial results had been better than expected thanks to strong demand for residences priced above THB15 million, said CEO Nuttaphong Kunakornwong. This segment makes up the developer\u2019s main customers base.
\nThis story was originally published on\u00a0DDproperty.com on 10 March 2016.
\n
\nSource : property-report.com
\nRead more…Thailand\u2019s leading property developers win in Q4 2015<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

It appears that the government-led boosting measures worked Image credit: Emaze.com The revenue of Thailand\u2019s...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-8810","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-2i6","jetpack-related-posts":[{"id":23365,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/thailands-luxury-developers-seek-outside-investments\/","url_meta":{"origin":8810,"position":0},"title":"Thailand\u2019s luxury developers seek outside investments","date":"August 19, 2016","format":false,"excerpt":"\r Thai developers are hitting the road to showcase luxury condo developments Bangkok\u2019s skyline with the structurally impressive MahaNakhon Tower. Image credit: MJ Prototype\/Shutterstock Faced with a flagging market, Thai luxury condo developers are striking out abroad to showcase their projects. Leading the charge is Pace Development Corp, the mastermind\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":155352,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bangkoks-housing-glut-spreads-to-phuket-as-developers-eye-tourist-demand\/","url_meta":{"origin":8810,"position":1},"title":"Bangkok\u2019s housing glut spreads to Phuket as developers eye tourist demand","date":"June 8, 2025","format":false,"excerpt":"\r The housing glut in Bangkok is spilling over to Thailand\u2019s southern island of Phuket as property developers capitalised on demand from tourists and retirees after buyers from mainland China and Hong Kong retreated from the market. Some 10,000 new flats will enter the market this year, according to property\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":24028,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/thai-developers-make-inroads-into-post-brexit-britain\/","url_meta":{"origin":8810,"position":2},"title":"Thai developers make inroads into post-Brexit Britain","date":"August 26, 2016","format":false,"excerpt":"\r Undersupplied London is a particular draw amid the sterling\u2019s devaluation London\u2019s South Kensington district. Thai developer Sansiri has a luxury condo project here. Onnes \/ Shutterstock.com Property developers in Thailand are jockeying for bargains following the June referendum that will see the UK leave the European Union, reports The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":36766,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/thailands-ddproperty-demonstrates-how-tech-has-got-its-claws-into-real-estate\/","url_meta":{"origin":8810,"position":3},"title":"Thailand\u2019s DDproperty demonstrates how tech has got its claws into real estate","date":"December 2, 2016","format":false,"excerpt":"\r The online real estate group hosts its final event of the year No one can deny that the internet has taken over all our lives in a way that we could scarcely have predicted. We now spend vast amounts of our day in front of a screen for both\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":132604,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/for-bangkok-retailers-competition-intensifies-both-offline-and-online\/","url_meta":{"origin":8810,"position":4},"title":"For Bangkok retailers, competition intensifies both offline and online","date":"March 18, 2019","format":false,"excerpt":"\r Developers of brick-and-mortar retail establishments in Bangkok are facing stiffer competition not just from online stores but also from peers. The Thai capital now has over 600,000 square metres of under-construction retail space, due for completion by 2023, according to a report released today by CBRE Thailand. Traditional physical\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9344,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/thailands-most-illustrious-real-estate-event-returns-for-the-11th-year\/","url_meta":{"origin":8810,"position":5},"title":"Thailand\u2019s most illustrious real estate event returns for the 11th year","date":"March 29, 2016","format":false,"excerpt":"\r The\u00a0Thailand Property Awards 2016 ushers in a new era of industry excellence with 32 awards The judges, sponsors, organiser and awards supervisor of the 11th Thailand Property Awards 2016 The Thailand Property Awards\u00a0presented by Hansgrohe returns for a successful 11th edition to reward the finest developers and current developments\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/8810"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=8810"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/8810\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=8810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=8810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=8810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}