NOBLE, good form, sales in the first quarter hit a record of more than 6,400 million baht, Q2/65 will open 5 new projects – confident in total sales of over 20 billion baht

Noble Development Plc. – NOBLE Good form, real estate market recovering Pushing sales in the first quarter to make new highs surging to a record high of more than 6.4 billion baht, almost equal to the full-year sales of the year 2021, which made 8,035 million baht after launching 5 projects at the beginning of the year with a total value of 15,000 million baht, supporting the backlog over 15.4 billion baht. Mr. Thongchai Busaraphan” will launch 5 projects with a total value of 12,300 million baht within the second quarter of this year, ready for delivery in 2023, preparing to grow revenues with a potential of 15 billion baht from recognition of backlog in hand and aggressive plans to launch more new projects

Mr. Thongchai Busaraphan Vice Chairman and Co-Chief Executive Officer, Noble Development Public Company Limited or NOBLE Leader in real estate development Residential projects in leading locations in Bangkok and its vicinity revealed that the overall real estate market is now showing a clear recovery. This will be seen from the purchasing power of consumers that have begun to strengthen after the Covid-19 situation. began to unfold in a better direction. At the same time, it must be admitted that with the situation of construction material prices that tend to increase causing those who want to buy a home to make faster decisions As a result, the real estate market in the first quarter of 2022 continued to grow. This is reflected from NOBLE’s pre-sales during the first quarter of 2022 that were able to generate sales at the level of more than 6,400 million baht, an increase of 150% YoY and an increase of 155% QoQ. The growth that made a new record for the quarter (New Highs) and most importantly, it is still growing as high as the full year of 2021 at 8,035 million baht. The sales that hit the record were sales from ongoing projects in 2021. In addition, in the first quarter of 2022, there are 5 new projects launched for sale with a total project value of more than 15,000 million baht, consisting of
1. New District R9 Project (Nue District R9)
2. New Mega Plus Bangna (Nue Mega Plus Bangna)
3. New Sea-Square Suan Luang Station (Nue Z-Square Suan Luang Station)
4. New Evo Ari Project (Nue Evo Ari)
5. New Connex Condo Don Mueang (Nue Connex Condo Don Mueang)

All projects have been well received, reflecting the average sales of 40%-50% of all projects combined.

In addition, the company has a plan to continuously launch new projects as planned. In the second quarter of 2022, the company has a plan to launch 5 new projects with a total project value of 12,300 million baht as follows:
1. Noble Curate project is a luxury land project.
2. New Cross Khu Khot Station Phase 1 Project (Nue Cross Khu Khot Station Phase 1)
It is a low rise condominium project.
3. Noble Curve Project is a townhouse project
4. Noble Create Project It is a high rise condominium project.
5. Project Cove – North Ratchapruek (Noble Cove – North Ratchapruek)

It is a townhouse project which the Company has launched the project. Noble Curate andNew Cross Khu Khot Station Phase 1 Project Gone last April


New Cross Khu Khot Station Phase 1 Project

In addition, in the second half of this year, the company has a plan to launch 8 new projects with a total project value of 20,400 million baht, which will result in the company launching 18 new projects throughout the year according to the target set. The total project value is approximately 47,700 million baht, with the launch of the entire project as a distribution of products to cover all directions of Bangkok.

“The real estate market today is much stronger. The customers will be the real demand group who buys for their own residence and the investors who make the decision to buy the house faster. The acceleration factor was the price of construction materials. tends to increase and believe that entrepreneurs should adjust product prices in the future In order to comply with the higher cost price, he hastened to buy in this period. coupled with the tendency to return to open the country which will help restore the economy and income of the people in the country It is also an opportunity to help drive purchasing power. from foreigners added Especially Chinese customers who still have constant inquiries.”

However, in terms of operating results in the first quarter of 2022, the Company had total revenue of 1,496 million baht, a decrease of 44% from the same period last year. This is because in Q1/22, the Company has no new projects that are completed and ready to transfer compared to Q1/21 that have new projects that are completed and ready to transfer. The projects recognized in the first quarter of 2022 came from 4 main projects, consisting of
1. Project Noble B19 Sukhumvit
2. New Noble Chaengwattana project
3. New Noble Connex House Don Mueang project
4. Project Noble Gable Watcharaphon

All 4 projects are original projects that have been transferred continually since the end of 2021.

As a result of the strong sales growth in the first quarter of 2022, the company’s backlog increased by more than 15.4 billion baht from the end of 2021, which was at the level of 10 billion baht, which will gradually be recognized. It is the income for the remainder of this year and the next 2-3 years, resulting in the company still believes that in 2022 it will be able to generate more revenue than the year 2021 for sure and believe that in 2023 will see growth. of income at the level of 15,000 million baht from the recognition of backlog in hand and also preparing to launch new low-rise projects which will be able to recognize income faster

NOBLE’s co-CEO added that As for the investment plan in the UK The investment style has been adjusted to suit the situation. with flexibility to invest from buying the entire building as a Bulk unit or buying multiple rooms (Bulk Deal) instead because buying the unit will have less competition than buying the whole building and faster which will generate a rate of return on investment (IRR) at a level of 20%, in line with its main business in Thailand. In 2022, the Company has set a target to acquire real estate assets in the United Kingdom of 550 units under the investment limit. 100 million pounds sterling (which NOBLE will invest 45% in proportion) by the first quarter of 2022 The Company has already purchased 84 units of real estate assets.


New Cross Khu Khot Station Phase 1 Project


New Cross Khu Khot Station Phase 1 Project

The post NOBLE, good form, sales in the first quarter hit a record of more than 6,400 million baht, Q2/65 will open 5 new projects – confident in total sales of over 20 billion baht appeared first on News Directory 3.

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