estate market is explored in order to diversify business risk and boost recurring income. Apart from developing residential condominiums, the Company also provides real estate services and property
companies operate real estate business and provide full real estate services. Since 2017, the projects developed i.e. residential condominiums and single houses have been remodeled to serve the needs of all
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provide an opportunity for overall real estate industry due to a potential lower cost for both, real estate developer and buyer. The Company’s focus is on developing projects to serve real demand for
vertical real estate developments which are industrial and commercial real estate for sale and for both short-term and long-term rental. It also includes industrial estate and housing for sale and for both
which affected employment and domestic demand*. However, the Company sees that the lower interest rate gives a positive impact to overall real estate industry due to a potential lower cost for both, real
. Comparison of operating results for the first quarter ended March 31, 2019 and 2018 Revenues from sales of real estate 694.10 984.17 -29.47 314.96 494.10 -36.26 Revenues from rental and services 14.33 30.59