AP Thailand Raises 2026 Target to 49 Projects Worth 59 Billion
AP Thailand raised its 2026 launch target to 49 projects worth 59 billion baht after nine-month revenue and profit both grew 5 percent. Ten-month sales hit 41.5 billion baht, 85 percent of the full-year goal, driven by record low-rise and regional housing performance. The company also won national awards for supply-chain management and brand strength.
AP Thailand has raised its 2026 new-launch target to 49 projects worth a combined 59 billion baht and is preparing to open another 12 projects valued at 12.43 billion baht in the last two months. For the first nine months, total revenue (including 100 percent of joint ventures) stood at 35.077 billion baht, up 5 percent year-on-year, with net profit of 3.174 billion baht, also up 5 percent. The net debt-to-equity ratio remained low at 0.61 times, underscoring financial stability and discipline.
The top five projects driving third-quarter revenue were LIFE Charoennakorn-Sathorn, CENTRO Sukhumvit-Bangna, GOOD DAY Sukhumvit 93, THE PALAZZO Krungthep Kreetha, and CENTRO Bangna. Low-rise residential — single houses, twin houses, and townhomes — posted a record quarterly revenue of 9.813 billion baht in Q3, up 14 percent and surpassing the previous high of 9.768 billion baht set in Q1 2022.
The regional housing brand "Aphitown" also achieved a historic revenue of 807 million baht, a 77 percent jump, supported by new project transfers in high-potential locations: Aphitown Khon Kaen 2, Aphitown Chanthaburi, Aphitown Hat Yai, and Aphitown Hua Hin.
Condominium transfers continued steadily in the first nine months, buoyed by projects near electric rail lines such as RHYTHM Charoennakorn Iconic, LIFE Charoennakorn-Sathorn, and GOOD DAY Sukhumvit 93, with buyers taking possession for actual residence.
Net sales for the first ten months (January–October) reached 41.5 billion baht, up 12 percent year-on-year, representing 85 percent of the full-year target of 49 billion baht, reflecting sustained housing demand.
The company also earned the Commended Supply Chain Management Award at the SET Awards 2026 — the only property developer recognized — and the Most Powerful Brands of Thailand 2026 award from Chulalongkorn University's Faculty of Commerce and Accountancy, highlighting supply-chain excellence and brand strength.
For the remainder of 2026, AP Thailand has lifted its new-project target to 49 worth 59 billion baht, with 12 launches worth 12.43 billion baht planned for November–December covering both condominiums and low-rise homes.
