were the first-time home buyers who had no housing loan obligations and were impacted less by the BoT measure, the strict measure caused a significant negative effect toward real estate industry. In
real estate developers. MK had several housing projects close to closing and prices were discounted to buyers. All of the factors that mentioned in the above caused MK’s gross profit margin in this
%. Another significant impact toward real estate business was the Bank of Thailand housing loan control measure (Loan-to-Value: LTV). The measure had direct effect on the consumers’ purchasing power. However
realize revenue in the following years. In 2017, MK improved some of the housing projects to stimulate sale; therefore, gross profit margin from sale of real estate was slightly decreased. However, the
ที่ บช NO. AC. 002/2019 15 May 2019 Subject: Clarification of changes in operating performance of more than 20% To: The President of the Stock Exchange of Thailand M.K. Real Estate Development Plc
decreased from the previous year. The Company improved some of its housing projects to stimulate sales. This Operating results : 3rd Quarter 2017 2016 Increase (Decrease) % Real Estate Revenue from sale of
real estate development and service business. The Company has developed premium housing projects in central business area to open up new business opportunities. Moreover, the opportunity in rental real
ที่ บช NO. AC.004/2018 13 November 2018 Subject: Clarification of changes in operating performance of more than 20% To: The President of the Stock Exchange of Thailand M.K. Real Estate Development
align with business restructuring of MK Group. The objectives were to reduce the business risk and increase revenue from recurring business in the long-term. Real estate business of low- rise housing
estate: Sales of real estate for the year ended 2019 decreased by Baht 5,308 million or 36% decrease compared to the same period of 2018. This was due to a decrease in revenue from housing projects by Baht