APEX Soaring High! After shareholders gives the green light for the debentures in the amount of 2 billion Baht.

Real Estate Press Releases Tuesday May 9, 2017 09:04
Bangkok--8 May--IR network
Utilization of capital to maximize business expansion – Retail Shopping Complex – Hotel – Entertainment Park – Theatres. Exponential revenue growth within 3 years!

Mr. Pongphan Sampawakoop, the Chief Executive Officer of Apex Development Public Company Limited (APX) announced after the shareholders have approved the debentures of the amount not exceeding 2 billion Baht which resulted in the company being fully prepared for business expansion and investment in accordance to the new property development plan which is distinctively different from other Property Developers. Apex will focus on developments which has synergy and in sync with the high growth of the Thailand Tourism industry on a full scale basis.

As such, Apex will select the prime locations and select international hotel chains that are suitable for the hotel management of each project, and create rental return for buying customers of the Residences of each project. At present the projects includes 1) Mövenpick Resort & Residences, on the beachfront of Pattaya. 2) Sheraton Phuket Grand Bay Resort & Grand Bay Residences, at Por Bay, Phuket. 3) Four Points by Sheraton Pattaya Resort & Jomtien Bay Residences, on the beachfront of Pattaya. 4) Hyatt Centric Phuket Resort & Residences, on the beachfront of Mai Kao Beach, Phuket. Every project includes both Hotel and Residences with the total project value of approximately 12 billion Baht, which will yield good revenue and profitability for Apex on a continuous basis within 3 years.

For the projects expansion strategy that is in synergy and supportive of the Thailand Tourism industry to remain the number one tourist destination in the world, the company will focus on investments in Phuket which has over 13 million visitors in year 2016, with prediction of steady growth rate of visitors annually. Apex plans to joint invest with some major landlords in the Patong beach area to develop a 5 star Retail Shopping Complex and Boutique Hotel. In addition, Apex plans to develop a Bird Park and Entertainment Park project which are suitable for Phuket which will also include Entertainment and Musical Theatres at the very center of Phuket to capitalize on the market demand from the huge influx of tourists. At present, the details of these projects are to be finalized very soon.


Latest Press Release

MOVE OVER NEW YORK AND LONDON: BANGKOK POISED TO BECOME THE WORLDS NEXT GLOBAL MEGA CITY

The East becomes the new West as mass transit infrastructure set to propel Bangkok to have the third largest Metro system in the world, experts reveal at TTF 2018. Industry experts revealed at Thailand Tourism Forum (TTF) 2018 that Bangkok is on the cusp...

Gyproc reveals innovation and sustainability successes in 2017

Thai Gypsum Products Public Company Limited, the first gypsum manufacturer in Thailand and innovator of the leading brand "Gyproc", has revealed the successful elements of its business in 2017 in terms of leading the market in both innovation and...

Momentous Multi-brand Living Store Curating American Luxury Style Furniture to Launch the First Flag-ship Store in Thailand in February 2018

Momentous is the first and only multi-brand living store in Thailand curating American luxury style furniture, showcasing solid wood furniture, decorating lamps, and furnishings of European and American standard. The first living store will soon to be...

Photo Release: MQDC hosts Asias 1st global forum on integrating well-being and sustainability to tackle world issues

MQDC (Magnolia Quality Development Corporation Limited), led by Mr. Raj Tanta-Nanta, Group President of DTGO Corporation Limited and Executive Committee Member of MQDC, Mr. Visit Malaisirirat, CEO of MQDC, and Mrs. Sasinan Allmand, EVP of Marketing &...

Uoolu to Bring Together 100 Global Leading Developers at Beijing Summit

Uoolu.com will launch the first Global Real Estate Internet Summit (GREIS) and a brand and platform upgrade on January 29, 2018. The event is expected to bring together leading developers, media outlets and 500 investment experts. Organized by...

Related Topics