Asset Five Group Public Company Limited (A5) marks its 11th anniversary with robust growth and a commitment to its luxury low-rise property development strategy. The company has unveiled plans to launch a total of nine projects by 2026, with a combined value of THB 16.8 billion, aiming to capitalize on the sustained growth of the luxury real estate market. A5 has set an ambitious revenue target of THB 5 billion by 2027.
For Q4 2024, A5 is launching CINQ ROYAL The Eighteen Bangna, a luxury gated community project with a total value of THB 1.65 billion. Additionally, its VANA Ratchapruek-Westville project has already achieved over 70% sales for its open phase, contributing to a backlog of THB 900 million and reinforcing the company’s revenue growth trajectory.
According to Mr. Supachoke Panchasarp, Chief Executive Officer of A5, the company’s steady growth over the past 11 years reflects a clear operational vision and resilience, even amid challenging market conditions. “Despite economic slowdowns, the luxury real estate segment remains resilient due to real demand from unaffected clientele. This has enabled A5 to deliver consistent revenue and profitability growth,” said Mr. Supachoke.
The company’s transition from the Market for Alternative Investment (mai) to the Stock Exchange of Thailand (SET) on November 5, 2024, further underscores its strong business fundamentals.
Expanding the Luxury Portfolio
A5 plans to continue its luxury low-rise residential developments under the VANA, CINQ ROYAL, and a soon-to-be-introduced premium brand, targeting prime urban locations. By 2026, four additional projects worth THB 5.25 billion will be introduced, bringing the total to nine projects within this period. The company expects to begin recognizing revenue from these new developments in the second half of 2025.
Among its highlights, CINQ ROYAL The Eighteen Bangna offers three-story detached homes with expansive land plots of 120-276 sq. wah and usable areas ranging from 748-1,070 sq. meters. Designed for multi-generational living, the project features state-of-the-art facilities, complete privacy, and exclusivity. It is slated for its grand opening in February 2025.
Strong Backlog and Sustainable Growth
As of November 2024, A5 boasts a robust backlog of THB 900 million, anchored by projects such as CINQ ROYAL Krungthep Kreetha and VANA Ratchapruek-Westville, which launched earlier in Q1 2024. Revenue recognition for these projects will ramp up starting in Q4 2024, reinforcing A5’s financial stability.
Commitment to Sustainability and ESG
A5 is also dedicated to fostering sustainable development through a strong focus on ESG principles. The company has set clear goals to achieve carbon neutrality in construction processes by 2050 and net-zero greenhouse gas emissions by 2065, aligning with its vision of becoming a leader in sustainable real estate.
A5’s strategy emphasizes creating value for both society and the environment, delivering innovative projects that meet diverse customer needs, enhance quality of life, and contribute to a sustainable future.
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