Asian Property Company Limited was established in 1991 by Mr. Anuphong Assavabhokhin and Mr. Pichet Vipavasuphakorn to develop residential projects in Bangkok Metropolitan Area (BMA). In mid-2000, the company merged with PCM Public Company Limited (PCM) and has changed its name to "Asian Property Development Public Company Limited (APD)". Prior to the merger, PCM - precast concrete floor producer - was majority owned by Land and Houses (LH) and has been listed on the Stock Exchange of Thailand (SET) since 22 September 1992.
Since the merger between Asian Property and PCM in year 2000, Asian Property Development set a new company called PCM Construction Material Company Limited (PCMC), 100% owned, manufacturing precast concrete floors. Meanwhile, Asian Property Development Plc. has continued to develop many kinds of residential projects.
In early-2004, Asian Property Development Plc. sold out PCMC to Pre-built Public Company Limited which is a contractor. Meanwhile, APD increased its stake in Pre-built Plc. from 19.8% to 64.73%. In 2005, the company again changed the structure to focus only on property development by reducing its stake in Pre-Built from 64.73% to 43.82% and 24.02% respectively.
At this moment, the company has the registered capital of 2,343 million baht and we develop Townhouses, Single Detached Houses and Condominiums - under brands of Baan Klang Krung, Baan Klang Muang, The City, THE ADDRESS and Life. The company focus on projects in the city with the price range of around 3-6 million baht.