effective marketing team and proficiency in real estate development market which is suitable with the format of the project. Hence, the consideration from the disposal of shares would be funds for Prime-A

residential real estate market, especially condominiums which are popular amongst foreign customers who invest in real estate in Thailand, is also affected. As the company focus on developing projects with

since real estate business is the significant driving force of the economy. The government has thus issued measures to boost the real estate market i.e. tax deduction of up to 200,000 THB for first time

investment in ONE CITY CENTER (“OCC”) – grade A office building development project for a total investment value of THB 8,771.4mn. Management outlook and future projects Despite the real estate market in

debt level and severe competition in the real estate market, the Company is rated A- by Tris Rating Co., Ltd. The Company is, therefore, able to save costs from lower interest rate when raising funds

Building for Laemchabang branch which the amount of land that had been bought are considering market value by Agency For Real Estate Affairs ( Is a capital market valuation and major appraiser approved by

2 stalls no. 999/30-31 For the benefits to use as Office Building for Laemchabang branch which the amount of land that had been bought are considering market value by Agency For Real Estate Affairs

staff at the present time and in the future. The price of such land to be purchased is lower than the market price as appraised by an independent appraiser, namely, Fanix Appraisal Company Limited (an

-leasing and credit card loans, but declined in housing loans in line with the sluggish real-estate market. Financial institutions expect that demand for business and household credit will increase

of the economy and the real estate market in Thailand, our company may have difficulty in managing NPLs and selling NPAs. 2.2 The company may face competition in sourcing NPLs and NPAs from competitors