In the first half of 2022, the AP real estate development company showed good results. Sales have grown by 43% compared to the same period last year. It fueled the company, and they announced the launch of 40 new projects before the end of the year.
The AP reported a noticeable jump in sales of detached homes and townhouses. In the first half of the year, this segment has increased by 25% compared to the same period in 2021. The Amarin and Aspire Ratchayothin projects are getting sold quickly.
The developer's success can be explained by its strategy of maintaining affordable pricing as people struggle to recover from the pandemic and deal with rising inflation.
The 40 new projects include 16 townhouses, 18 detached residences, and three condominiums. Three real estate projects outside of Bangkok are also under development.