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News Forum - Property juggernaut AP Thailand to launch 65 projects costing B78 billion in 2022


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Property developer AP Thailand is expected to unveil a whopping 65 new projects valued at 78 billion baht this year, the most in the Thai real estate market, with units ranging from approximately 1.9 to 50 million baht each. The company’s confidence in the first quarter signals good news to investors in the SET-listed company, which is currently ranked No. 3 on FazWaz’s list of property developers in Thailand. The new developments will be supported by the company’s strong financial position, with a low net debt to equity ratio of 0.58, said Vittakarn Chandavimol, chief of corporate strategy and creation. […]

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The property market is soaked. Too many finished condos available. Thai and foreign buyers stopped purchasing due to Covid-19. Thai because of the very slow rental market. And foreigners because they have difficulties to enter the Kingdom. And AP. Sadly enough the qouta for foreigners is still 49%. In Hua Hin they would be glad with higher qouta for foreigners.

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