Focous Thailand Real Estate Business More Than 20 Years
Ananda Development Company Limited (ADC) was founded in 1999 by Chanond Ruangkritya. Ruangkritya family has been in the real estate business in Thailand far more than 20 years. The development under its credential including the golf course and housing estate to name as a few Green Valley Bangkok, Green Valley Rayong, Green Valley Chiengmai, Windmill, Saint Andrew etc.
Gaining business background from the family has greatly helped Chanond in setting up and running the business by himself aiming initially to be a full service housing development company taking opportunity of the economic recovery after the crisis and the strong housing demand of the resident of Bangkok, the capital of Thailand.
With successful development of housing projects, offering customers a unique design and life style concept, ADC has grown through the years and built up a strong and experienced in-house team ready to cope with the business expansion.
ADC has turned itself to be a professional real estate asset management when Pramarica Real estate Investor Asia has decided to invest in Thailand and selected ADC as an exclusive partner to manage the housing project around a newly developed Suvanabhum international airport.
The project started in 2005 with a total project value of Baht 14 billion in sale proceeds of 7 projects and 3,800 housing units. Potential growth around Suvanabhum international airport area would definitely enhance housing demand and successful in sales. Some of the projects have already launched sales while all of them would complete sale launch within 2008.
In 2007 ADC has started to manage another real estate fund invested in residential condominium along mass transit rail line. With Pramerica Real estate Investor Asia as a partner, the fund has targeted to develop 8,400 units worth Baht 21 billion in sale proceeds to serve demand of young generation of Bangkok residences with life style has been changed due to the establishment of mass transit rail line. The projects are currently in the construction process.
There is plenty of opportunity for real estate investment in Thailand. “ADC as a successful professional real estate asset management is looking forward to a potential developments serving consumer urban lifestyles.”