measure (LTV). As a result, MK could maintain the sales of housing units at the same level as the previous year. However, MK’s gross profit margin was also impacted by the economic slowdown during the first

that selling price was less than THB 3.00 million. MK housing projects were in this price range. All of these factors caused the Company to maintain sales of real estate business closed to the same level

accelerated the transfer of housing units to customers before the Bank of Thailand housing loan control measure (Loan-to-Value: LTV) became effective on April 1, 2019. Even though, the majority of MK customers

year was 31.01%. Revenue generated from single family housing projects and low-rise condominium units were THB 2,853.81 million, higher than last year which was THB 2,653.52 million. The Company had a

these housing units were well fit with customers’ demand. As a result, sale and transfer units were higher than MK’s projection. In addition, the Company was able to complete sell of all units in some of

2,647.55 million. This year, the Company recognized sale not only from its low-rise housing projects but also from the Park Court condominium units. The company had number of bookings which would be able to

million or 27.8% when comparing to the same period of last year which was THB 632.82 million. This was mainly come from the transfer of housing units from the housing projects that the Company launched

loans or seeking an alternative funding. All of these strategies helped to reduce impact toward MK. As a result, MK could maintain the sales of housing units same as the first six months of 2018. Sale of

techniques and modernized housing layout. The Company also allocated a higher common area capital cost for each housing project. All of these investments were made to maintain image and quality of its housing

closely with customers to prepare financial documents for housing loan packages. As a result, sales of residential units during the second quarter of this year increased by THB 221.6 million from THB 489.99