Listed property developer Ananda has seen property transfers 72 percent higher during the first three months of than during the same period last year.
The developer also reported a 51 percent increase in its presales during Q1 2018 versus a year earlier.
It has maintained its annual transfer targets at THB 38 billion, which will represent a 152 percent year-on-year rise if achieved.
It expects to see a 400 percent rise in transfer levels from 2017 until 2021.
Ananda launched two new projects during the first three months with a combined value of THB 4.32 billion.
These two projects were Ideo Sathorn Wongwain Yai and the second phase of the budget brand Unio at Sukhumvit 72.
Chanond Ruangkritya, the Chief Executive Officer of Ananda, said, “We’re delighted to have exceeded our quarterly presales target in the quarter, and we still have six planned condominium projects to be launched this year.
“We continue our relentless focus on customer needs providing convenience through the location next to the mass-transit lines.”
The company recently partnered with global serviced apartment operator Ascott and announced the development of serviced apartments in four prime Bangkok locations at Rama 9, Sathorn, Thonglor and Sukhumvit Soi 8.