to move projects which will gradually recognize revenue within this year. In 2020, the company has adjusted its operations to match the situation with proactive marketing strategies. Online platform

, allowing buyers to stay free for up to 3 years, helping to reduce the burden of buyers in the COVID-19 situation. Along with other benefits with 23 Ready to Move projects, the Always Online campaign uses 3

and international economic situation, political situation, household debts as well as demand-supply imbalance. In Q2/2019, the LTV (Loan to Value) measures are enforced. Business operators thus need to

came from the condominium ready to move in. Cost of sales and Gross Profit Cost of sales for the 9-month period ended 30 September 2019 and 2018 were THB 576.34 and 870.10 million respectively. Cost of

growth. In 2019, the real estate sector was beginning to face a slowdown as a result of various negative factors, particularly the Bank of Thailand’s Loan to Value (LTV) measure. The situation is worrisome

service when the situation permits. The Office business has also been slightly affected from COVID-19, while the projects under development continue to move forward. The Company has confidence that this

Company’s performance, the Company is implementing a response plan and is continuing to monitor the situation closely in order to conduct the appropriate measures. For more details, please see section “COVID

and environmental responsibility as well as sustainable development. As a consequence of global economic situation and economic downturn in the country, the real estate sector has continuously been

LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR Q1/2018 2 2. ECONOMIC SITUATION Thai economy in Q1/2018 continually expanded, supported by every economic engine especially merchandise exports, which were

DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR Q2/2018 2 2. ECONOMIC SITUATION Thai economy for the 5 months ended May 2018 continually expanded, supported by