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Bangkok Condominium Developer EMC Focusing on Development

By on Mar 10, 2016 in Property News, Residential

The SET-listed contractor EMC Plc plans to launch 2 new condominium projects in Bangkok later this year.

Kittiphun Ouiyamaphun, Managing Director for real estate said EMC would focus more on property development as it could help pull in revenue when its construction business slows. “In a good economy construction jobs boom, giving contractors more bargaining power in bidding on property projects,” he said “But once a country plunges into an economic downturn. construction jobs slow. Our revenue, however, can be sustained if we concentrate on property development.”

EMC is looking to expand construction and invest in property development. The company is looking to spend 200-300 million baht to buy land in the Sukhumvit area so they can launch a Bangkok condominium project later this year.  The plan is to focus on low-rise condos as they have better rates of capital gains and rental yields.

On 2nd April, EMC will launch Urbitia Thong Lo – An 8 storey condo development will be on Sukhumvit Soi 36, close to BTS Thong Lo station.

EMC currently has 3 residential projects with units up for sale including Landmark Mahachai, a community mall in Maha Chai.

Source: Bangkok Post, 3rd March 2016
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