Plus Property proves its strength by aiming for 1.7 billion baht in 2023 revenue Maintains its leadership position in comprehensive property management and reiterates commitment to excellence in all aspects
– The overall property market has started to recover, with a large number of launches for both low-rise and high-rise residential projects this year. The number of property transfers has also risen by 14.3%. Meanwhile, office buildings are being completed to meet market demand, providing facility management businesses with growth opportunities. PLUS is creating jobs and nurturing careers as it works to accommodate said growth. Furthermore, the return of large numbers of foreign tourists to Thailand has resulted in the supply of rental residential properties rising by 55% over-year in Bangkok and by 400% in the provinces.
– Plus Property, the leader in Thailand’s property management circle, strives to expand its business and retain its top spot as the firm most trusted by returning clients. The company revealed it now has 18 million square metres of space under management and is aiming to expand its portfolio to 400 property projects in 2023. The firm will continue its push to expand its markets in Greater Bangkok and other provinces by elevating its standards for real estate services delivery and by training workers to feed to the labor market and accommodate the growth of the property sector. Meanwhile, it is observing positive signals for the property sole agent and brokerage services. These developments led the firm to believe it will see growth this year, with a revenue target of 1.7 billion baht having been set.
Mr. Anukul Ratpitaksanti, managing director of Plus Property, the full-service professional property and facility management agency, revealed that “the overall picture of the property market is starting to recover because tourism businesses’ activity and foreign investments have increased, resulting in an improvement in the general picture of the economy. Information from the Real Estate Information Center point to a tendency for the market for new residential properties to expand by 94.6%. As consumers have greater purchasing power, the market is starting to see a 14.3% corresponding increase in supply. The condominium business circle had experienced a 145.3% jump in growth in 2022. The detached homes and townhomes group experienced a 59.6% improvement. There are office buildings and office space for rent being completed in time for workers’ return to offices. This reflected how the growth of the property market his year involves positive factors which will result in an increased demand for professional facility management companies that will take care of the buildings. PLUS has revealed that its 2022 operating results grew because of 4 main business pillars. These include the management service and condo juristic person service for low-rise and high-rise residential property (Property Management), the Facility Management service, the LIV-24 intelligent security system platform, and the service for Sale Management & Brokerage. For 2023, PLUS aims to focus on doing business in markets where it has expertise and expand its reach to 400 projects while targeting a revenue figure of 1.7 billion baht”