“Land” continues to invest in 12 new projects, setting a budget for the purchase of land 6 billion.
Mr. Naporn Sunthornchitcharoen The Chairman of the Board of Directors of Land and Houses Public Company Limited revealed that this year the company has set a sales target of 28,000 million baht and the target to recognize revenue from ownership transfer of 30,000 million baht from the year 63. 16 new projects have been launched, the total project value is 28,620 million baht, the land purchase is worth 4,600 million baht, invested in the real estate business for rent, totaling 2,200 million baht, issuing debentures worth 8,400 million baht, for a period of 2-3 years. The average interest rate is 2.29% per year while LHMH has developed another project, the Grande Center Point Lumpini project, on land 6-2-73.5 rai in a mixed-use format consisting of a hotel with 512 rooms, an office building, 13,000 square meters. The investment of 4,830 million baht was completed approximately Q1 / 2024. In addition, LH USA sold the apartment project, The Mode Residence in California, USA to a person who has no relationship with the company for US $ 80.05 million. Or equivalent to approximately 2,415 million baht in Thai money, with profit before tax of approximately US $ 13.77 million. Or equivalent to about 416 million baht in Thai money
“Financial Status of the Company At the end of 2020, the Company and its subsidiaries had net interest bearing liabilities of Baht 47,000 million, with net debt to equity ratio of approximately 92% and average financial costs of 2.3%. The investment expenditure is approximately 6,800 million baht, divided into expenditure for land acquisition for residential development of 4,600 million baht and investment expenditure in real estate for rent, totaling 2,200 million baht, ”said Mr. Naporn.
Mr. Naporn said that for the year 2021, the Company has prepared a total investment budget of approximately 11,000 million baht, consisting of approximately 6,000 million baht for the purchase of land for the development of residential projects and 5,000 million baht in investment in real estate for rent. Million baht and plans to issue debentures in the amount of 12,000 million baht and from the said plan, it is expected that in 2021 the company will have a debt-to-equity ratio at the same level as at the end of 2020, with the average cost of finance reduced Slightly lower than the average at the end of 2020
Mr. Naporn said For the housing market in 2020 from the overall number of registered homes, only the allocated types from January to October 2020, the number of registered houses increased by allocated types. The total number of registered homes was 74,931 units, a 9.5% decrease compared to the 10-month period of the year ’19 with 82,818 units. Estimates of newly-allocated registered homes that occurred throughout 2020 totaled 87,350 units, a 10.7% decrease compared to both. In 2019, the allocation type has a total of 97,838 units, while additional registered houses Only for the allocated type in the 10-month period of 2020 and the total projections for 2020 compared to the same period of 2019 classified by specific housing type allocated. The major changes are as follows. The single-detached house category in the 10-month period totaled 8,777 units, a 27.9% decrease compared to the same period of the year ’19 with 12,169 units, the total estimate for the year ’20 was 10,550 units, a decrease of 22.2% compared to the full year ’19. With a total of 13,552 units, the total number of twin-detached homes in the 10-month period had a total of 2,113 units, a 17.4% decrease compared to the same period of the year ’19 with 2,559 units. For the full year ’19 there were 3,024 units, while townhouses and commercial buildings in 10 months totaled 13,483 units, a decrease of 23.3% compared to the same period of the year ’19 with 17,580 units. Total 16,350 units. Units decreased by 23.1% compared to the full year ’19 with a total of 21,274 units, while condominiums in the last 10 months totaled 50,558 units. The change was relatively stable. When compared to the same period of year ’19 with the total number of 50,510 units, the total estimate for the total of the year 2010 was 57,900 units, a decrease of 3.5% compared to the total of the year ’19 with the total number of 59,988 units
Mr. Naporn said For the condominium housing market conditions in 2020 in Bangkok and metropolitan areas in 2020 from the company’s market survey. The key points can be summarized as follows: Total 23,445 units sold, worth 92,305 million baht, a 31.0 percent decrease from 2019 compared to the year 2019, while in 2020, the total sales value is 92,305 million baht. Caused by new projects (New Projects) total value 18,166 million baht, a 71.6% decrease compared to the total value of 63,884 million baht in 2019 and existing projects total value 74,139 million baht, an increase of 6.2% compared to the year 2019
Mr. Naporn said that the remaining supply in Bangkok and its vicinity was 71,022 units, totaling 326,742 million baht, with the remaining units the highest. That is, at a price level lower than 2.5 million baht, with a total of 30,157 units remaining for sale, representing 42.5 percent of the total remaining amount. But if considering the value, it turns out that the price level at 2.5 – 5.0 million baht, the total value of 79,019 million baht and the price level 5.01-10.0 million baht, the total value of 75,692 million baht, has a high proportion of 24.2% and 23.2% of the total value. order
Mr. Naporn said that in 2020, as of the beginning of the year, the Company has a total of 78 projects launched in Bangkok. 50 projects in upcountry 28 projects, including 16 new projects during the year, a total of 94 projects launched in the year 20, 16 new projects, total project value of 28,620 million baht, divided into 11 single-detached houses. 3 twin house projects, 3 townhome projects
Mr. Naporn said For the Company’s action plans in 2021, as of the beginning of 2021, the Company has a total of 75 projects in operation, 45 of which are in Bangkok and its vicinity and 30 in other provinces. 12 new projects worth 20,660 million baht, divided into 11 projects in Bangkok and metropolitan areas and 1 other provinces, if can be divided by type of residence, consisting of 5 detached houses, 2 twin houses, 5 townhouse projects, 2 condominium projects. Projects totaling the total number of projects launched in 2021, a total of 87 projects, with a total sales target of 28,000 million baht and total ownership transfer worth 30,000 million baht, the average price per unit sold in 2021 is 7.0 million baht (2020 average price per unit Unit: 7.5 million baht) As for the investment plan to buy land to support future expansion in various locations in Bangkok, suburbs and other provinces, total budget of 6,000 million baht. The company will consider a location that can be immediately developed for the project and has good potential.
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