Based on the results of the first 9 months of 2022, we can say that the real estate sector can recover from the COVID situation faster than expected. Despite the fact that risk factors are still active, such as rising interest rates, the conflict between Russia and Ukraine, the rise in price of construction materials, the increase in the minimum wage, and more. There are 37 large real estate developers registered on the Stock exchange of Thailand, whose total income exceeds 200 billion baht.
In the first 9 months of this year, the companies' profits increased, the market recovered and became more active. All 37 large companies have a combined income of 200 billion baht, which corresponds to a growth rate of 10.80% compared to the first 9 months of 2021.
The group of 10 leading real estate companies in terms of revenue includes AP, Land and Houses, Supalai, Sansiri, Pruksa Holding, SC Asset, FPT, Origin, Singha and LPN with revenues from 8 billion to 29 billion baht.
Companies have emerged from the crisis caused by COVID-19 and are actively developing new projects of low-rise and multi-storey housing in different regions of Starna.