In 2018, the overall real estate market remained in a slowdown due to the tightening measures on housing loans and increasing interest rates of financial institutions. High household debt and reduced foreign investment were also the factors causing the slowdown in the business sector, which has continued since the end of 2017.

Although the company's sales in 2018 declined from the previous year owing to the slow market, the company still had satisfactory sales results from condominium and low-rise projects. In terms of operations, in 2018 the company launched 8 new projects, comprising a condominium project and 7 low-rise projects, with a total worth of 5,662 million baht. All new projects were successfully launched and the condominium project was 100% sold out shortly after launching.

In addition, the company strived to adhere to and implement the four key approaches to sustainable business development, consisting of Aesthetic Design & Premium Quality, Best in Class After Sales Services, Sustainable Happiness, and Innovative Living, in a more practical manner with the aims to enhance the company's strengths and ensure steady business growth.

The company would like to thank all shareholders, investors, financial institutions, business partners, customers, and stakeholders for their continued trust and support. The appreciation also extends to all management and staff members, who have put their efforts in contributing to the company's growth. On behalf of Areeya Property Public Company Limited.

I would like to assure that the company will continue to conduct business according to the principles of good corporate governance and social responsibility in order to achieve continuous growth and success in a sustainable way.

Mr. Wisit Laohapoonrungsee
Chairman and Chief Executive Officer

CALL.1797