Saturday, January 30, 2010

Royal House projects an upbeat for home building market in 2010 and will open its first provincial branch in Chonburi.

Royal House, Thailand’s top home building company, guides that home building market in 2010 will grow thanks to improving global economy and stable political backdrop, which are expected to bring back purchasing power into the market. Being confident in its potentials and experienced personnel, the company will aggressively open its first provincial branch in Chonburi and preemptively launch new inexpensive housing models at 2 million Baht price point at the event to be held during January 27, 2010 – February 2, 2010 at 1st floor, Central Plaza Lardpaow.


Mr.Sakda Kovisuth, Managing Director of Royal House Co., Ltd., reveals today that the home building market in 2010 should improve thanks to several favorable factors, i.e. improving global economy and stable local political backdrop seen since late last year, which are expected to reinstate consumer confidence and bring back purchasing power. In addition, since the number of eastern provincial customers has been noticeably rising, the company has decided to open its first provincial branch in Chonburi.

“From mid to late last year, upbeat outlook was seen in the home building market and it is expected to continue this year. We project rising consumer purchasing power as consumers are somewhat used to the negative factors, like the World financial crisis and local political unrest. Though oil price is expected to rise, it should remain stable for a certain period of time. So I would say, this year could be a new milestone for Royal House, as we aggressively move into our first provincial market in Chonburi and we do look for more as we gradually move forward into the future.” said Mr.Sakda.

Under its “Smart Home Building” slogan, Royal House posted an as-expected sale of 800 Baht in 2009 and projects a sales target at 900 million Baht in 2010. The 10% growth is due to its confidence in positive internal and external catalysts, whether economical, political or personnel. In 2010, Royal House will continue to focus on sound construction system and solid residential structure, which it provides a guarantee of 15 long years. In addition to system and structure, Royal House also places high priority on services and craftsmanship as it has continually trained and developed all of its personnel to give quality services to its customers during the past 5 years.

Mr.Waiyawit Hanwiriyaritha, Royal House’s Design Consultant, further adds that the company has continuously developed its designs to answer to the needs of its customers in all segments. Lately, the company has launched a new inexpensive home series, which was developed in response to the needs of a sizable group of trusted customers who need medium-sized homes with usable areas ranging from 167 – 200 SQM from Royal House.

Royal House is one of Thailand’s top home building companies. With more than 20 years of long service experience, it currently has a total of 8 branches including Dusit, Srinakarin, Chaengwattana, Rama 3, Rajapruke, Bangkae, Suwannabhumi and Chonburi.

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