Pattaya Condo

 

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Supalai Public Co., Ltd.

idea of a quality living place for "Supalai residents"

4.0/5 rating (1 votes)
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Supalai Public Company Limited (Company) was established on 26 June 1989. Its operations began with real estate development in the category of housing projects and commercial buildings with the initial registered capital of 100 million baht.

At the beginning stage, its business dealt with constructing detached houses and townhouses in the form of gated communities. Subsequently, its business has expanded to cover condominium projects, office buildings, hotels and resorts. In 1992, the Company has transformed into a public company with the registered capital increased to 1,000 million baht and its shares had been listed on the Stock Exchange of Thailand on 17 November 1993.

The Company's goal is to focus on building both low-rise and high-rise housing projects. However, in 1997, the Company had suffered from Thailand's economic crisis and had entered into the debt restructuring process of the Office of the Debt Restructuring Committee of the Bank of Thailand in 1999 with its total debt value of 8,113 million baht. The debt restructuring was completed in 2002 and the Company has continued its real estate development by building detached houses, townhouses, duplex houses, condominiums, office buildings, resorts and hotels. Up to the present, the Company's paid-up issued capital increased to 1,716.55 million baht. During 2004 - 2012, the Company has undergone significant changes and developments as follows:

Summary of Supalai Significant Changes and Developments

2004

2 projects of detached houses and townhouses were launched, they are Supalai Ville Srinakarin and Supalai Ville Ekamai-Ramindra. At the same time, 3 big high-rise building projects were also opened, they are Supalai Casa Riva on the Chao Phraya River, Supalai Premier Place Asoke and Supalai Oriental Place Sathorn - Suanplu.

TRIS RATING had rated the credit of Supalai Plc. at the level of "BBB". Such credit level reflected the Company's long standing experiences in real estate development with an experienced management team. It is a symbol accepted in the medium-price housing market.

2005

1 detached house project, Supalai Park Ville, was opened together with 2 condominium projects in the heart of the city, namely, City Home Ratchadaphisek and City Home Sukhumvit of which the sales had been closed during the Grand Opening.

The Company issued and offered for sale 3rd series of ordinary share warrants in the amount of not more than 433,087,447 units to existing shareholders at the par value of 0 baht per unit with the exercising right of 3 years, whereby 1 unit of the warrant can be exercised to purchase 1 ordinary share at the par value of 1.50 baht. At present, the exercising rights of such warrants had expired.

The Company issued and offered for sale ordinary share warrants in the amount not more than 10,000,000 units to the employees, executives, directors and advisors to the Board of Directors at the par value of 0 baht with the exercising right of 3 years. One unit of such warrants could be exercised to purchase 1 share at the par value of 2.28 baht. At present, the exercising right of such warrants had expired.

The Company issued and allocated shares for the capital increase in the amount of not more than 443,087,447 shares at the par value of 1 baht per share to support the exercise of right under the 3rd series of ordinary share warrants and the warrants offered for sale to the employees, executives, directors and advisors of the Board of Directors.

2006

Development project of high class luxurious mansions, Supalai Suvarnabhumi, was launched together with 3 projects of detached houses and townhouses, namely, Supalai Ville Outer Ring Road - Rattanatibeth, Supalai Ville Sukhumvit - Srinakarin and Supalai Ville Kingkaew - Srinakarin and 2 condominium projects, namely, Supalai Park Srinakarin and Supalai River Place. Also, Supalai Grand Tower Building, an office building for rent on Rama 3 Road, was opened this year, and Supalai Head Office was relocated into this building.

TRIS RATING upgraded credit rating of Supalai Plc. to the level of "BBB+", which reflected a better financial position and ability to control the operational cost.

The Company received ISO 9001:2000 certificate from the Engineering Institute of Thailand under H.M. The King's Patronage (EIT-CBO) and from AFAQ-EAQA for low-rise projects.

2007

4 projects of detached houses and townhouses were launched, namely, Supalai Ville Wongsawang, Supalai Park Ville 2, Supalai Garden Ville Outer Ring Road Pinklao - Rama V and Supalai Ville Outer Ring Road Pinklao - Rama V together with 4 condominium projects, namely, City Home Ratchada - Pinklao, Supalai Premier Ratchada-Narathivas-Sathorn, City Home Tha Phra Intersection and Supalai Park @ Kaset.

TRIS RATING maintained the credit rating of the Company at the level of "BBB+".
The Company received the ISO9001:2000 certificate from the Engineering Institute of Thailand under H.M. the King's Patronage (EIT-CBO) on 15 August 2007 for high-rise projects.

2008

8 projects were launched comprising 5 projects of detached houses and townhouses and 3 condominium projects, they are (1) Supalai City Home Rattanathibeth condominium project (2) Supalai City Resort Ramkhumhaeng condominium project (3) Supalai Ville Rattanathibeth-Khae Rai townhouse project (4) Supalai Ville Sukhumvit-Phraeksa detached house project (5) Supalai Ville Tiwanon-Pathumthani townhouse project (6) Supalai Garden Ville Tiwanon-Pathumthani detached house project in (7) Supalai City Resort condominium project in Phuket and (8) Supalai City Resort detached house and townhouse project in Phuket

The Board of Directors of the Company approved of the re-purchase of ordinary shares of the Company from the stock market according to the Treasury Stock Project for financial management in the amount of 120 million shares or 6.99% of all issued and paid-up shares, whereby the Company could purchase the total amount of 120 million shares.

2009

11 projects were launched comprising 6 projects of detached houses and townhouses and 5 condominium projects, they are (1) the detached house, townhouse and duplex house project of Supalai City Hill Phuket (2) the detached house project of Supalai Hills Phuket (3) the detached house and townhouse project of Supalai Ville Ratchapruek - Petchakasem 48 (4) the detached house and townhouse project of Supalai Park Ville Ramindra 23 (5) the detached house project of Supalai Park Ville Pracha Unit 86 (6) the detached house, townhouse and duplex house project of Supalai Ville LakSi - DonMuang (7) the condominium project of Supalai Park @ Tiwanon (8) the condominium project of Supalai Casa Riva Vista 2 (9) the condominium project of Supalai Park Asoke - Ratchada (10) the condominium project of Supalai Park @ Ratchayothin and (11) the condominium project of Supalai Park @ Downtown Phuket.

The Company's Board of Directors resolved to offer for sale existing 120,000,000 ordinary shares at a par value of 1 baht per share, they were the ordinary shares repurchased by the Company from the Stock Exchange of Thailand according to the Treasury Stock for Financial Management Project, which comprised 6.99% of all the shares sold of 1,716,553,249 shares. They were offered for sale to the general public through the underwriters at the value of 5.55 baht per share, whereby the Company had an objective to use such mobilized sum of money as working capital in the current projects and for purchasing new land. • The Company received ISO 9001:2000 Certified for "Housing Projects" and "Condominium Projects" from Bureau Veritas Certification Thailand Company Limited which covers everything from the plan layout stage, design, construction, sales and property management.

2010

14 projects were launched comprising 10 projects of detached houses and townhouses and 4 condominium projects, they are (1) the detached house and duplex house project of Supalai Ville Phaholyothin-Chantharubeksa (2) the detached house and duplex house project of Supalai Ville Saimai-Wacharapol (3) the detached house project of Supalai Park Ville-Ramindra 5 (4) the detached house project of Supalai Garden Ville Phuket (5) the detached house and duplex house project of Supalai Garden Ville Changwattana-Laksi (6) the detached house project of Supalai Garden Ville Chiangmai (7) the detached house project of Supalai Park Ville Outer Ring-Ratchaphruek (8) the townhome project of Supalai Novoville Tiwanon-Pathumthani (9) the townhome project of Supalai Ville Srinakarin-Kingkeaw (10) the detached house project of Supalai Garden ville Outer Ring-Lumlukka Klong 3 (11) the condominium project of Supalai River Resort (12) the condominium project of City Home Srinakarin (13) the condominium project of Supalai Park Rachapreuk-Petchkasem (14) the condominium project of Supalai Premier @ Ratchathewi

TRIS RATING upgraded credit rating of Supalai Plc. to the level of "A-", which reflected a better financial position and ability to control the operational cost.

The Company received ISO 9001:2008 Certified for "Housing Projects" and "Condominium Projects" from Bureau Veritas Certification Thailand Company Limited which covers everything from the plan layout stage, design, construction, sales and property management

2011

9 projects were launched comprising 5 projects of detached houses and 4 condominium projects, they are (1) the detached house project of Supalai Montara Pinklao-Bhuddhamondhol Sai 1 (2) the detached house project of Supalai Ville Ringroad-Lamlukka Klong 3 (3) the townhome project of Novo Ville Ringroad-Lamlukka Klong 3 (4) the detached house project of Supalai Park Ville Romklao-Suvarnabhumi (5) the detached house project of Supalai Suanluang (6) the condominium project of Supalai Prima Riva (7) the condominium project of Supalai Premier Asoke (8) the condominium project of Supalai Park Kaerai-Ngamwongwan (9) the condominium project of Supalai Park Ekkamai-Thonglor
TRIS RATING maintained credit rating of Supalai Plc. at the level of "A-", which reflected a better financial position and ability to control the operational cost.

2012

TRIS RATING maintained credit rating of Supalai Plc. at the level of "A-", which reflected a better financial position and ability to control the operational cost.

17 projects were launched comprising 10 projects of detached houses and 7 condominium projects, they are (1) the detached house project of Supalai Park Ville Sriracha (2) the detached house project of Supalai Garden Ville Suvarnabhumi (3) the townhome project of Novo Ville Ringroad-Lamlukka Klong 5 (4) the detached house and duplex house project of Supalai Ville Sri Samarn-Pathumthani (5) the detached house and duplex house project of Supalai Ville Ratchapruk - Bangbuatong (6) the townhome project of Novo Ville Phahonyothin52 (7) the detached house project of Garden Ville Ringroad-Lamlukka Klong 5 (8) the detached house project of Garden Ville Airport (9) the detached house project of Park Ville Changpuak (10) the detached house project of Garden Ville Suratthani (11) the condominium project of Supalai City Resort Ratchada - Huaykwang (12) the condominium project of Supalai Wellington (13) the condominium project of Supalai Vista@ Tiwanon Intersection (14) the condominium project of Supalai Park @ Phuket City (15) the condominium project of Supalai Monte @ Viang Chiangmai (16) the condominium project of Supalai Lite @ Sathorn - Charoenrat (17) the condominium project of Supalai Elite Sathorn - Suan Plu

2013

Supalai Mare @ Pattaya is a 35-storey condominium tower by Bangkok based developer Supalai. The 1,179-unit project comprises three modern designs: 1,154 studios and two-bedroom condos, and 25 commercial units.

Supalai Mare @ Pattaya is a 2490 million baht project that will be located on Thepprasit Road, there will be a total of 1154 residential units varying in size from 32 sqm to 72 sqm, furthermore there will be 25 commercial units. Studios, one-bedroom and two-bedroom units will be available at prices starting from 1.38 MB. On average prices will be 48.000 baht per square meter, that means there will be units at a lower price per sqm and a higher price per sqm available, possibly even as low as 35.000 baht per square meter.

Overview of business operations of the Company and its subsidiaries

Supalai Public Company Limited and its subsidiaries (group of companies) operate real estate development projects for living and commercial purposes. Our projects are conceptualized with the idea of a quality living place for quality community of "Supalai residents". We always develop our housing models with carefully selected materials that meet our ideal standards. Our pre and after delivery services are diligently supervised to foster a safe and friendly community for our clients' utmost satisfaction. The Company and our subsidiaries operate and own the following housing projects: detached houses, duplex houses, townhouses and condominiums in a variety of areas throughout Bangkok and peripheries including other provinces. This is to respond to the need of the market and our many clients who have different preferences and goals, and are primarily those who are middle to high income earners. Our priority is to focus on the completion of our current housing projects and deliver them by deadlines to create the brand awareness of "Supalai." This name will be used as a leading name for every project, followed by specific name of each project to fit in with different project formats and the target market. Moreover, the Company is also the developer of offices for rent in the commercial districts, while the subsidiaries operates real estate project management as well as the management of hotels and resorts. Currently, the Company and its subsidiaries have grown to become one of the leading companies in real estate business.



Modification Date

Saturday, 01 June 2013

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  • Country: Thailand

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