Real Estate

Real Estate and Construction Business Report

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The real estate and construction businesses reported revenue in 2010 with revenues of over 3 trillion baht and a total profit of 35 billion baht. Italian-Thai development PCL revenue amounted to 36.676 million baht.

Thirty-five homebuilders had combined profits of 1.61 billion, an increase of 16%, with profits up more than 26% to more than 23 billion baht. Land And House ranked first in earnings with 3.876 million and Pruksa ranked first in earnings with 23.406 million.

In the real estate and construction sector, excluding building materials, 62 companies in 2010 had operating income of more than 3.07 billion baht, an increase of 2.72% over 2009 with income valued at more than 2.99 billion baht, while the profit from operations of all companies was equivalent to 35,261.90 million baht, 39.13% more than in 2009 with total profit of 25,343.62 million baht

Over the past year, considering only a total of approximately 35 residential real estate development companies, there was a combined total revenue of over 1.61 billion baht, an increase of 16.18% over 2010 revenue of 1.39 billion baht The benefit was set at 23,314.16 million, 26.43% more than the 2009 value of 18,439.10 million. The top three companies in terms of gross income were Pruksa, Sansiri PCL and Land and House PCL. The three most profitable companies were Land and House, Pruksa and Supalai PCL. In construction, the top three earners were Italian-Thai Development, CH Karnchang PCL and Sino-Thai Engineering & Construction PCL. The top three earning contractors were Sino-Thai, Christiani & Nielsen and Toyo-Thai Corporation PCL.

However, over the past year, the growth performance of many companies increased, but at the same time, many companies also lost operations, especially five residential development companies with their operating losses were Golden Land Property Development Ltd. (Thailand) loss of loss of more than 285 million, Living and Capital PCL (Thailand) loss of more than 148 million, Grand Canal Land PCL (Thailand) loss of 86.25 million baht, Everland PCL loss of 39.10 million and KC Property PCL loss of around of 8.31 million.

For the construction contractor with operating losses, Ch. Karnchang PCL lost more than 319.27 million, Scan Global PCL, with its performance through the third quarter of 2010, lost more than 94.72 million, and EMC PCL lost more than 71.35 million. millions.

In last year’s results, most companies listed on the SET experienced significant growth due to economic conditions last year that facilitated business growth. This added to a strong demand for homes that continued in the second year of growth since 2009. Last year, the real estate industry had the highest growth since 2007 and the growth will continue this year as well.

It is believed that companies will continue to expand continuously for another year because real demands still exist even though current oil prices and interest rates are rising. If companies expand gradually there should be no problem and everyone could adapt. An important factor that will paralyze business is the problem of political violence that has increased.

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