OREANDA-NEWS  On 18 December was announced, that TMM Company increased the volume of residential property sales by 60% in monetary terms in September-November 2008, compared to the same period in 2007. The volume of TMM's residential property sales increased by UAH 44.5 million in autumn 2008 compared to the same period in 2007 and amounted to UAH 118.3 million. TMM's property sales (in square meters) amounted to 8 990 square meters from 1 September to 30 November, current year, and to 8 906 square meters from 1 September to 30 November, last year. Thus, TMM's residential property sales performance, in the autumn 2008 indicates the increasing demand for the property of higher classes constructed by TMM. The proceeds from the residential property sales enable TMM to keep to its strategy and to finish 11 residential real estate objects currently under construction.

The increased volume of TMM's residential property sales in monetary terms during September-November, 2008 was fixed in spite of the generally decreased business activity at the residential real estate market. The growth of TMM's property sales in monetary terms during the autumn of 2008 was caused by putting 'Triumph' premium-class residential complex (Kyiv) into operation in summer of 2008. 'Triumph' is one of the TMM's large-scale projects. The positive dynamics of the increasing TMM's residential property sales is also a result of marketing activities' intensification including new sales promotion programs starting.

Currently TMM is fixing the exchange rates for the price recalculation for TMM's residential property. This initiative is implemented by TMM within the customer loyalty program. It also will promote the property sales in a stable and high-level manner. In particular, special recalculation rates for real estate (USD to UAH, EUR to UAH) are available for TMM's clients, who have bought the apartments in the company's objects under construction or who have earlier purchased TMM's real estate on terms of installment payments, in the period December 1-31, 2008. During this period the following exchange rates are fixed: 1 EUR – 7.5 UAH; 1 USD – 6.0 UAH. TMM is continuing to develop new customer programs, which allows the clients to purchase qualitative TMM's property.