AP Thailand Ups 2025 Launch Plan to 46 Projects Worth 56 Billion Baht
AP Thailand is accelerating its 2025 expansion with 46 new projects worth 56 billion baht, boosted by strong first-half revenue growth of 7.1% year-on-year despite economic headwinds.
AP Thailand has raised its 2025 new project launch plan to 46 developments worth 56 billion baht, an increase of four projects valued at 1 billion baht from the original forecast. The company plans to aggressively introduce 31 new projects worth 33.32 billion baht in the second half, split between 17 launches in the third quarter valued at 17.9 billion baht and 14 launches in the fourth quarter worth 15.42 billion baht.
The plan adjustment reflects solid and sustained growth in the first half of 2025 despite global economic headwinds and a gradual Thai economic recovery that has caused fluctuations in real estate demand, purchasing power, and consumer confidence. All business segments—detached houses, duplexes, townhomes, and condominiums, plus regional market projects—have maintained strong momentum.
First-half results demonstrate resilience: the company recognized revenue of 22.431 billion baht, growing 7.1% year-on-year, with net profit of 1.967 billion baht, up 5.2%. The company maintained a strong net debt-to-equity ratio of just 0.66 times. In the first seven months, net sales reached 27.974 billion baht, representing 57% of the full-year target of 49 billion baht. Horizontal segment sales grew 7.6% year-on-year to 22.747 billion baht, while condominium sales surged 59.6% year-on-year to 5.227 billion baht.
The first-half performance and expanded project plan underscore AP Thailand's capability and readiness, built on strong financial discipline, to manage a portfolio of over 200 residential projects nationwide spanning detached homes, duplexes, townhomes, condominiums, and regional developments across all market segments.
