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Record-breaking Land Sales in Q3 2023: WHA Expects 1,500 Rai, Largest Quarter of the Year

Stock news17:38, 2023-08-22

Ms. Jareeporn Jarukornsakul Chairman of the Executive Committee and Group Chief Executive Officer WHA Corporation Public Company Limited (WHA) said it expects land sales in the third quarter of 2023 to be 1,500 rai from domestic land sales of 900 rai and land sales in Vietnam of 600 rai. Contracts have been gradually signed with customers. And there are still negotiations with other major customers who come to negotiate continuously. This makes land sales in the third quarter of 2023 the highest land sales quarter of this year. From the yearly land sales target that the company set at 2,500 rai

“Only in the third quarter, there will be land sales reaching 1,500 rai, which is a very peak quarter. Because our land sales usually peak in the 4th quarter, excluding the other big customer we talked to. If the deal can be closed this year, the number of land sales will be very high, ”said Ms. Jareeporn.

However, for Thailand to have a new government to come into administration The company expects to drive international trade cooperation for Thailand. Including the operation of various permits. to invest in Thailand that is more convenient to persuade investors to invest In the past, it was considered that the push for various matters conducive to investment in Thailand has not been seen much. Causing investors who are interested in investing in Thailand to delay their decision. But now Thailand is considered to be very interested from investors. Reflected from the company’s ability to sell more land.

At the same time, to support land sales, the company has increased its land purchase budget to Bt6.5bn from Bt3bn originally due to the company’s land sales exceeding expectations. causing some projects to be developed next year There must be adjustments to the development plan this year. As a result, the company has a plan to buy more land in thousands of rais.

As for the sale of assets to WHART Trust, in Q4/2023 there will be sales of warehouse rental space. Total leasable area of ​​over 140,000 square meters, valued at over 3.5 billion baht, is expected to be recorded as a profit from asset sales in the fourth quarter of 2023.

By InfoQuest News Agency (22 Aug. 23)

Tags: WHA, Jareeporn Jarukornsakul, WHA Corporation
2023-08-22 10:43:25
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