{"id":9821,"date":"2024-12-06T20:03:35","date_gmt":"2024-12-06T13:03:35","guid":{"rendered":"https:\/\/www.assetfive.co.th\/?p=9821"},"modified":"2024-12-17T20:14:26","modified_gmt":"2024-12-17T13:14:26","slug":"a5-highlights-900-million-baht-backlog","status":"publish","type":"post","link":"https:\/\/www.assetfive.co.th\/en\/news-and-activities-en\/a5-highlights-900-million-baht-backlog\/","title":{"rendered":"A5 Highlights 900 Million Baht Backlog"},"content":{"rendered":"\t\t
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A5 Highlights 900 Million Baht Backlog, Poised to Recognize Revenue in Q4\/2024; Unveils CINQ ROYAL The Eighteen Bangna Worth 1.65 Billion Baht<\/b><\/p>

Asset Five Group Public Company Limited (A5) showcases steady growth in the final quarter of 2024 despite economic challenges, backed by a robust backlog of 900 million baht. Revenue recognition is expected to begin in Q4\/2024. The company is also set to launch its new ultra-luxury project, “CINQ ROYAL The Eighteen Bangna,” valued at over 1.65 billion baht, by February 2025, continuing its growth trajectory.<\/span><\/p>

Steady Growth and Revenue Recognition in Q4\/2024<\/span><\/p>

Mr. Supachoke Panchasarp, CEO of Asset Five Group Public Company Limited (A5), a leader in developing luxury low-rise and high-rise residential properties, revealed that the company\u2019s business outlook for late 2024 remains positive. As of November 2024, A5 has secured a backlog worth 900 million baht, primarily from two projects: CINQ ROYAL Krungthep Kreetha and VANA Ratchapruek-Westville. The latter, launched in Q1\/2024, has already achieved sales of over 70% of its initial phase. Revenue recognition from these projects is scheduled to commence in Q4\/2024.<\/span><\/p>

Boosting Sales with Marketing Activities<\/span><\/p>

To stimulate sales, the company has introduced the “Happy HO(ME)LIDAY Festival,” featuring a Lucky Draw with special offers worth up to 1 million baht and exclusive home pricing for the CINQ ROYAL Krungthep Kreetha and VANA Ratchapruek-Westville projects. The promotion runs through January 15, 2025, supporting the company\u2019s revenue targets.<\/span><\/p>

Navigating Challenges with Strong Performance<\/span><\/p>

Despite challenges such as high interest rates and economic uncertainties, A5 has consistently recognized revenue. The company anticipates a surge in property transfers during Q4\/2024. This performance reflects A5\u2019s success in designing projects that align with modern living needs, offering innovative layouts and comprehensive services that prioritize quality and sustainability.<\/span><\/p>

Focus on Prime Locations and Sustainability<\/span><\/p>

A5 remains committed to developing projects in high-potential locations, including Krungthep Kreetha, Bangna, Watcharaphon-Ramintra, Pattanakarn, and Ratchapruek. These prime areas continue to attract luxury homebuyers. A5\u2019s project designs emphasize sustainability, with versatile spaces that cater to diverse living needs. The company also plans to launch four new projects in 2026 while acquiring land in prime locations to support future developments.<\/span><\/p>

Promising Outlook for 2025<\/span><\/p>

A5 expects gradual recovery in the real estate market in 2025, with the luxury and ultra-luxury segments remaining resilient. This customer segment, characterized by strong financial stability, seeks premium homes in prime locations that enhance lifestyle convenience and value. The company is also closely monitoring global economic trends and government policies, such as LTV easing and foreign investment incentives, which could further drive sustainable growth in the real estate sector.<\/span><\/p>

CINQ ROYAL The Eighteen Bangna: A Landmark Ultra-Luxury Project<\/span><\/p>

A5 is gearing up to launch its ultra-luxury project, CINQ ROYAL The Eighteen Bangna, located in Bangna KM. 7 near Rajawinit Bangkaew School. This exclusive gated community, valued at over 1.65 billion baht, features only 18 private, high-security residences. Surrounded by comprehensive amenities, the project is set to officially open in February 2025, with revenue recognition beginning in Q1\/2025. This launch is expected to significantly enhance the company\u2019s backlog in Q4\/2024.<\/span><\/p>

9-Month Performance Highlights for 2024<\/span><\/p>

For the first nine months of 2024, A5 reported total revenue of 1.48 billion baht and a net profit of 488.89 million baht, underscoring the company\u2019s effec<\/span>tive management and ability to meet market demands.<\/b><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

A5 Highlights 900 Million Baht Backlog, Poised to Recognize Revenue in Q4\/2024; Unveils CINQ ROYAL The Eighteen Bangna Worth 1.65 Billion Baht Asset Five Group Public Company Limited (A5) showcases steady growth in the final quarter of 2024 despite economic challenges, backed by a robust backlog of 900 million baht. Revenue recognition is expected to […]<\/p>\n","protected":false},"author":1,"featured_media":9843,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tpgb_global_settings":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[50,48],"tags":[],"class_list":["post-9821","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-acitvities-en","category-news-and-activities-en"],"acf":[],"aioseo_notices":[],"tpgb_featured_images":{"full":["https:\/\/www.assetfive.co.th\/wp-content\/uploads\/2024\/12\/oppday-en.webp",1080,900,false],"tp-image-grid":["https:\/\/www.assetfive.co.th\/wp-content\/uploads\/2024\/12\/oppday-en-700x700.webp",700,700,true],"thumbnail":["https:\/\/www.assetfive.co.th\/wp-content\/uploads\/2024\/12\/oppday-en-150x150.webp",150,150,true],"medium":["https:\/\/www.assetfive.co.th\/wp-content\/uploads\/2024\/12\/oppday-en-300x250.webp",300,250,true],"medium_large":["https:\/\/www.assetfive.co.th\/wp-content\/uploads\/2024\/12\/oppday-en-768x640.webp",768,640,true],"large":["https:\/\/www.assetfive.co.th\/wp-content\/uploads\/2024\/12\/oppday-en-1024x853.webp",1024,853,true],"default":"https:\/\/www.assetfive.co.th\/wp-content\/plugins\/the-plus-addons-for-block-editor\/assets\/images\/tpgb-placeholder.jpg"},"tpgb_post_meta_info":{"get_date":"December 6, 2024","get_modified_date":"December 17, 2024","category_list":{"category":[{"term_id":50,"name":"acitvities-en","slug":"acitvities-en","term_group":0,"term_taxonomy_id":50,"taxonomy":"category","description":"","parent":48,"count":75,"filter":"raw"},{"term_id":48,"name":"news and activities","slug":"news-and-activities-en","term_group":0,"term_taxonomy_id":48,"taxonomy":"category","description":"","parent":0,"count":88,"filter":"raw"}],"post_tag":false},"author_name":"admin","author_url":"https:\/\/www.assetfive.co.th\/en\/author\/admin\/","author_email":"ppumipat@gmail.com","author_website":"https:\/\/www.pixinfinit.com\/asset5","author_description":"","author_facebook":"","author_twitter":"","author_instagram":"","author_role":["administrator"],"author_firstname":"","author_lastname":"","user_login":"ppumipat@gmail.com","author_avatar":"","author_avatar_url":"https:\/\/secure.gravatar.com\/avatar\/8606fe93fec7b3265d2f551b11583185c1820563c4bc60b5828f933e76e64695?s=96&d=mm&r=g","comment_count":0,"post_likes":0,"post_views":0},"tpgb_post_category":{"category":"acitvities-en<\/a> news and activities<\/a> "},"_links":{"self":[{"href":"https:\/\/www.assetfive.co.th\/en\/wp-json\/wp\/v2\/posts\/9821","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.assetfive.co.th\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.assetfive.co.th\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.assetfive.co.th\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.assetfive.co.th\/en\/wp-json\/wp\/v2\/comments?post=9821"}],"version-history":[{"count":0,"href":"https:\/\/www.assetfive.co.th\/en\/wp-json\/wp\/v2\/posts\/9821\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.assetfive.co.th\/en\/wp-json\/wp\/v2\/media\/9843"}],"wp:attachment":[{"href":"https:\/\/www.assetfive.co.th\/en\/wp-json\/wp\/v2\/media?parent=9821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.assetfive.co.th\/en\/wp-json\/wp\/v2\/categories?post=9821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.assetfive.co.th\/en\/wp-json\/wp\/v2\/tags?post=9821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}