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SC Reports Strong Demand for Low-Rise Homes in Q2, Launching 4 New Projects in Prime Locations

LivingInsider Report2020-05-13 12:41:37
SC Reports Strong Demand for Low-Rise Homes in Q2, Launching 4 New Projects in Prime Locations

Mr. Atthapol Sritiphantthawat, Chief Corporate Support Officer of SC Asset Corporation Public Company Limited, or SC, a leading real estate Living Solutions Provider, said that SC has achieved success from shifting its marketing strategy from offline to online

 

which has received a very positive response. In Q2/2020, the company will open 4 new detached housing projects with a total value of approximately 5,000 million baht, with prices starting from 5-50 million baht, and is preparing to close sales of 6 more housing projects 

 

The first 2 projects to open for Pre-sale on May 16-17 are 1. Bangkok Boulevard Vibhavadi, luxury 2-storey homes on an area of 10-2-7.5 rai, with a project value of 730 million baht, 37 units, starting from 13.99 - 26 million baht, located in the heart of the city on Vibhavadi Rangsit Road, only 3.7 km from the Si Rat Expressway (Ngam Wong Wan), with convenient access via multiple routes such as Ngam Wong Wan Road, Pracha Chuen Road, and Vibhavadi Road, as well as easy access to Don Mueang Airport via Don Mueang Tollway, only 4.3 km away 

 

2. Bangkok Boulevard Rama 5, luxury 2-storey homes in 3 designs on an area of 44 rai, with a project value of 2,100 million baht, 189 units, prices starting from 8.99-15 million baht in a prime location near the Si Rat Expressway, with access via 3 routes: Nakharin Road, Kanchanaphisek Road, and Ratchaphruek Road, close to numerous amenities such as The Walk shopping center, The Crystal, Rama 5 Market, Bang Kruai 2 Hospital, Thonburi Hospital, and educational institutions including Denlaha Kindergarten, and Suksanari School, Nonthaburi  

 

And 2 more new projects opening on May 23-24 are 3. The Genru Vibhavadi, luxury 3-storey villas with a new design for large families, featuring 5 bedrooms, 6 bathrooms, 4 parking spaces, a private pool and private elevator, with 24-hour security in an exclusive community of only 10 units

 

Prices starting from 27-50 million baht on an area of 4-2-19 rai, with a project value of 400 million baht, located near the expressway, electric train, and numerous amenities such as Central Plaza Ladprao shopping center, Vibhavadi Hospital, and Kasetsart University  

 

4. The Venio Flow Chaengwattana, a two-storey single-detached house with 3 designs, on a project area of 68-1-59 rai, with a project value of 1,710 million baht, totaling 254 units, starting price 5-10 million baht. Convenient location near the Si Rat Expressway, the Uttaraphimuk Elevated Road, and close to 3 electric train lines: the Purple Line - Bang Rak Noi Tha It Station, the Pink Line - Pak Kret Intersection Station, and the Red Line - Lak Si Station 

 

In addition, the company also has a promotion campaign offering heavy installments for free ‘SC Super Free’ when booking a project from today – 31 May 2020 and transferring ownership by 30 June 2020. For more information, call 1749 or register for projects of interest at: https://bit.ly/2xU6lIl

 

Mr. Atthaphol commented on the operating results for Q1/2020, stating that SC had total revenue of 3,313 million baht, growing 4% (YoY), driven by revenue from real estate development for sale of 3,071 million baht, or 93%, divided into low-rise revenue of 1,829 million baht and condominium revenue of 1,243 million baht

 

The remaining 7% came from rental and service revenue, with a net profit of 301 million baht and total sales of 1,982 million baht.  As of 31 March 2020, the company and its subsidiaries had total assets and total liabilities of 47,035 million baht and 29,142 million baht respectively, along with 52 projects continuously open for sale with a total remaining value for sale of over 41,600 million baht, divided into 44 low-rise projects and 8 condominium projects

 

Furthermore, the company is scheduled to pay dividends to shareholders on 15 May 2020 at a rate of 0.19 baht per share, according to the resolution of the 3/2020 Board of Directors’ Meeting, which approved the payment of an interim dividend
 

LivingInsider Report
LivingInsider ReportLast update 2020-05-13

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