“NOBLE” makes an aggressive move in 2023 to expand housing projects with economic recovery. Set to launch 10 new projects worth a total of THB 23,300 million
Noble Development Public Company Limited or “NOBLE” is making an aggressive move in 2023 with the plan to launch 10 new projects worth approximately THB 23,300 million, focusing on expanding housing projects. Its pre-sale target for this year is set at THB 23,000 million and total revenue at THB 15,000 million. It also announces the continues success from last year, which pre-sale hit a new high record at THB 17,400 million, supporting the backlog in 2022 to reach more than THB 19,000 million.
Mr. Thongchai Busrapan, First Vice Chairman and Co-Chief Executive Officer of Noble Development Public Company Limited “NOBLE”, a leading residential developer in prime locations of Greater Bangkok, revealed that the company’s operational directions for 2023 is expected to grow further from last year. In 2022, the company was successful from the launch of 11 new projects with a project value of THB 31,550 million. The pre-sale reached at THB 17,400 million, supporting the backlog in 2022 to reach more than THB 19,000 million, which is record-high pre-sale and backlog.
As for the year 2023, the company plans to continually launch new projects to support residential demand that is growing in line with the economic recovery. The country’s reopening has also resulted in the rising demand for second homes of expats. For this year, the company plans to launch a total of 10 new projects with a project value of THB 23,300 million, comprising 9 housing projects and low rise condominium projects with project value of THB 13,400 million and 1 high-rise condominium project with a project value of THB 9,900 million. Most of the projects are spread locations for wider coverage in Bangkok’s area such as western and eastern of Bangkok etc., including inner city such as Witthayu Road. At present, the company already has land areas to support the development of these projects. In addition, the company has launched 3 more projects focusing on the Ultra Luxury Segment, namely Noble Aqua Riverfront Ratburana, riverfront single-detached houses, Noble Terra Rama 9 – Ekamai, single-detached houses in the middle of the CBD Rama 9 – Ekamai, and Noble Away Cha-Am Beachfront, a beachfront wide land in Cha-Am.