{"id":981,"date":"2019-12-12T14:08:24","date_gmt":"2019-12-12T07:08:24","guid":{"rendered":"https:\/\/builtland.co.th\/2019\/12\/12\/built-land-plans-post-ipo-growth\/"},"modified":"2019-12-19T12:40:15","modified_gmt":"2019-12-19T05:40:15","slug":"built-land-plans-post-ipo-growth","status":"publish","type":"post","link":"https:\/\/romantic-bhabha.192-95-12-232.plesk.page\/en\/built-land-plans-post-ipo-growth\/","title":{"rendered":"BUILT LAND PLANS POST-IPO GROWTH"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"465\" height=\"232\" src=\"https:\/\/romantic-bhabha.192-95-12-232.plesk.page\/wp-content\/uploads\/2019\/12\/news130561-3-465x232.jpeg\" alt=\"\" class=\"wp-image-329\" srcset=\"https:\/\/romantic-bhabha.192-95-12-232.plesk.page\/wp-content\/uploads\/2019\/12\/news130561-3-465x232.jpeg 465w, https:\/\/romantic-bhabha.192-95-12-232.plesk.page\/wp-content\/uploads\/2019\/12\/news130561-3-465x232-300x150.jpeg 300w\" sizes=\"auto, (max-width: 465px) 100vw, 465px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Property developer Built Land Plc looks set to place an initial public offering (IPO) through the Stock Exchange of Thailand next year, aiming to expand its residential development business in both the low-rise housing and condominium segments.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Chief executive Chaiyarat Thampeera said the company plans to offer 100 million IPO shares by the second quarter of 2019.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With Capital Nomura Securities as its financial adviser, the company is scheduled to submit a filing by year-end.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWe aim to expand our residential development business in both the low-rise housing and condominium segments with target growth of at least 10% annually,\u201d Mr Chaiyarat said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Founded in 2009 with registered capital of 300 million baht, Built Land was formerly a subsidiary of SET-listed contractor Pre-Built Plc, where Mr Chaiyarat was chief executive.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He resigned from that position and bought all the shares of Built Land from Pre-Built in May 2017.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cBuilt Land was established with the aim of diversifying into the property development business, which generates higher net profits than construction,\u201d Mr Chaiyarat said. \u201cDue to different thinking, Pre-Built\u2019s major shareholders and I decided to part ways.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He currently holds 92% of the company\u2019s shares. After the IPO, his ownership share will be diluted to less than 51%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Mr Chaiyarat said Built Land will invest 1 billion baht this year to acquire new plots of land for residential projects to be launched in 2019.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Built Land currently has a five-rai plot in the Thupatemee area, where it is studying whether to develop a single-house and townhouse project or a condominium.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company has a sales backlog of 300 million baht, which is expected to be realised this quarter.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Built Land also has an 800-million-baht inventory from four condominium projects, all of which have been completed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company\u2019s remaining condominium units are at Tempo Grand near Wutthakat skytrain station, with 30 units worth 100 million baht; Tempo Quad in the Saphan Mai area, with 30 units worth 100 million; and Lesto on Sukhumvit Soi 113, with 500 units worth 700 million.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">By year-end, the company expects to generate more than 1 billion baht in revenue, compared with 2 billion baht last year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Mr Chaiyarat said the property market in 2018 will be in an upward trend and show improvement from last year because of a number of factors, including the growth of exports, the robust tourism industry and steady interest rates.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Another positive sign for the property sector is the government\u2019s investment plan for megaprojects, which will boost confidence among consumers and investors, he said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Credit : https:\/\/www.bangkokpost.com\/business\/news\/1458462\/built-land-plans-post-ipo-growth<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Property developer Built Land Plc looks set to place an initial public offering (IPO) through the Stock Exchange of Thailand next year, aiming to expand its residential development business in [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":982,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"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":[31],"tags":[],"class_list":["post-981","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-blog-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.13 - 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