Bangkok--7 Jul--Supalai Mr. Prateep Tangmatitham, President, Supalai Public Company Limited disclosed that “This is another golden year for Supalai. During the first 6 months of 2008, the Company records contractual sales of Baht 4,800 million, tripled the Baht 1,710 million during the same period of 2007. Sales during the first six months of 2008 until June is as high as Baht 5,300 million, which is tracking very well with our Baht 9,999 million sales target.” During the first half of 2008, sales comprised of 60% condominium and 40% low-rise houses with selling prices ranging from Baht 1 million to Baht 29 million. The Company currently has backlog order valued approx. Baht 12,800 million, which should be realized in 2008-2010. The Company currently has 22 housing projects under development and sales with total value of Baht 13,000 million. By the end of 2008, the Company plan to launch another 13 projects in Bangkok and metropolitan and provincial areas, divided in to 8 low-rise projects and 5 high-rise projects, with total value of Baht 10,300 million. The Company also has 369 rais of land for development, which will be developed into 6 projects in 2009. “Supalai is the Company with outstanding performance. When comparing 4-year historical performance of 6 leading listed property developers, Supalai reported net profit margin of 20%, higher than the property developers’ average of 15%; and return on equity (ROE) of 19%, higher than the average of 16%. Supalai also pay consistently decent dividend yield of 7%, which is higher than the average of 4%.” Mr. Prateep further added that, “Despite volatile economic condition with rising interest rate and inflation, the Company could perform well because the interest rate of mortgage loans remain at low level as well as property tax and fees stimulus package from the government, which provide incentive for home buying. During the second quarter of 2008, the Company has the highest record transfer approx. Baht 2,100 million. Although cost inflation from rising gasoline and steel prices has increased construction cost, the government’s property tax stimulus package enable the Company to maintain the selling price in many projects and only has to raise prices in very few projects as necessary. So the Company’s sales continue to grow. For home buyers, the inflation hasten consumer’s buying decision because the consumers know that the home prices will rise much more next year along with additional fees and taxs they have to pay.