Business: The Company is to record the revenue from sales of residential condominium units in the statement of comprehensive income when the real estate project has been completed and transferred to the
sales of real estate 1 1,056.58 1,493.92 (29.27%) Note 1 64% of the income from sales of real estate is recognized from residential condominium projects and 36% from single house projects. The details are
% as well as the rental and service income of real estate development decreased by 8.5%. Overall Performance of the Company was affected from the business loan, its subsidiary which required the
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
. Domestic demand continued to expand from private consumption and public spending, while private investment contracted especially in real estate sector in line with decline in the supply of new real estate
points at the end of 2018. Overall Business Operations The Bank’s loan portfolio during 1Q19 grew 1.9% with growth driven by corporate banking loans, real estate development loans and housing loans while
segment In the Third quarter performance of 2017, the Company and its subsidiaries’ revenues from sales of real estate increased and 9-month performance of 2017, the revenues from sales of real estate
for Bangkok real estate business in 2019 and necessity to increase caution in business operation, the management maintain positive view over luxury condominium1 market, appraising from sales volume of
detail as follows: I. The operating revenue breakdown by business segment In the third quarter and 9-month period of 2019, the Company and its subsidiaries’ revenue from sales of real estate decreased from