Connect with us

Real Estate

Thai luxury property developer V Property Development to launch IPO in 2019

The proceeds from IPO will be used for new developments in luxury condominium along Sukhumvit Road and the BTS green line.

Avatar

Published

on

Thai luxury property developer V Property Development Co is accelerating its business growth as it prepares to launch an initial public offering (IPO) on the Stock Exchange of Thailand by 2019, according to Bangkok Post’s report.

It has appointed AEC Securities as a financial advisor to the IPO.

Chief executive Porchchai Lertananchoke told the media that it targets to have the project orders worth 8 billion baht ($251.4 million) before launching the IPO.

It projects its pre-sales will reach 3.5 billion baht ($110 million) in the first half of this year, while it reported total revenue of 3 billion baht ($94.3 million) in 2017, up 90 per cent from the previous year.

The proceeds from IPO will be used to support its business growth and new developments in luxury condominium sector in the future, he said. Its main strategy is to focus on developing the projects along Sukhumvit Road and the BTS green line.

According to the DD Property Market Outlook 2018 report, demand for new releases will move into an upward trend in 2018 thanks to rising consuming spending, the economic recovery, the expansion of mass transit lines, and government infrastructure projects along the Eastern Economic Corridor.

“On the supply side, 2018 may see even more projects from developers compared to 2017, so the real estate market is forecast to show signs of improved health this year,” said Kamolpat Swaengkit, Country Manager for DDproperty.

The report cited that condominiums remain the top pick for people attracted to an urbanized lifestyle. The DDproperty Property Index showed condominiums had the highest price index growth in the third quarter of 2017, compared to single-detached houses and townhouses, reflecting increased demand.

Source link

DEALSTREETASIA Pte. Ltd. is a news and intelligence platform providing reports on investments, mergers, acquisitions, private equity, venture capital, investment banking and the business of startups across the Asian region.

DEALSTREETASIA Pte. Ltd. is a news and intelligence platform providing reports on investments, mergers, acquisitions, private equity, venture capital, investment banking and the business of startups across the Asian region.

Advertisement
Comments

Real Estate

Where to live in Thailand ? The best places for residential properties

From villas for sale in seaside resorts to condos for rent in Bangkok, the real estate market in Thailand is characterized by its many and varied offers.

Avatar

Published

on

The real estate market of the Land of Smiles is characterized by its many and varied offers. It is hard to decide between the many villas for sale in the seaside resorts or the condos for rent in Bangkok. 

(more…)

Continue Reading

Real Estate

Asia Pacific to outperform other regions in 2020 for real estate investment

Investment in Asia Pacific real estate has reached US$125 billion in the first three quarters of 2019, up 10 per cent year-on-year, and is set for another strong year in 2020, says JLL.

Avatar

Published

on

According to the real estate consultancy, foreign investments into Asia Pacific are at a decade-high, making up 35 per cent of total volumes, mostly driven by private equity funds and large-scale transactions.

(more…)

Continue Reading

Investment

Asia Pacific REITs raise a record amount of US$14 billion in 2019

REITs in APAC have raised over US$14 billion so far in 2019, surpassing the previous record of US$13.8 billion in 2013, according to JLL data.

Bahar Karaman

Published

on

Real Estate Investment Trusts (REITs) in the Asia Pacific region have raised a record amount of capital this year, as investors sought more defensive, yield-based stocks amid growing global economic and political uncertainty.

(more…)

Continue Reading

Most Read

Upcoming Events

Wed 19

13th World Congress on Nursing and Health Care

February 19 @ 9:00 am - February 20 @ 5:00 pm BMT
Phuket
Phuket city
Mar 11

Food science conferences

March 11 @ 8:00 am - March 12 @ 5:00 pm BMT
Mar 11

Food science conferences

March 11 @ 9:00 am - March 12 @ 5:00 pm BMT
Mar 22

41st World Dental Science and Oral Health Congress

March 22 @ 9:30 am - March 23 @ 5:00 pm BMT

Press Release

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 12,181 other subscribers

Trending