The economic recovery caused by the return of tourists in the second half of this year led to the fact that pre-sales in the third quarter and the revenue of large developers reached a record high.
Sansiri has exceeded its pre-sale target for 2022 and reached 47 billion baht, the pre-sale target was 35 billion baht, and in the first nine months the figure reached 37 billion.
In the third quarter, pre-sales reached 18.5 billion baht, which is the highest in three years after the pandemic, and annual growth was 200% compared to last year or 153% compared to the second quarter. The key growth factor was the pre-sale of low-rise buildings in the amount of 27 billion baht, which is an increase of 110% in this segment.
Noble Development also notes that the gradual economic recovery improved the market mood in the third quarter, while the company's pre-sales and revenue grew by 100% and 150% year-on-year, respectively, compared to last year.
Both ready-to-transfer and newly launched properties boosted pre-sales and revenues in the third quarter as home buyers' purchasing power resumed. In the first 10 months, Noble's pre-sales totaled 14.8 billion baht, up 136% from last year.
AP Thailand reported preliminary sales of 45.4 billion baht in the first 10 months, which is 90% of the 2022 target of 50 billion, which is 46% more than in the same period last year.
AP's revenue for the first nine months grew 24% year-on-year to 37.5 billion baht, which is a new record. By the end of the year, the company plans to generate revenue of 47 billion baht.
Supalai also set a record by reporting revenue of 11.4 billion baht for the third quarter of 2022, the highest since its founding in 1989, corresponding to an annual growth of 51%.
For nine months, the company's total revenue amounted to 25.5 billion baht, an increase of 37% and remaining at the level of 29 billion baht by the end of the year. The company's preliminary sales for the first nine months amounted to 25 billion baht, which is 41% more.