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Bangkok Property Developer Sammakorn Eyes Low- Rises

By on Nov 04, 2015 in Property News, Residential

The SET Listed Bangkok Property developer Sammakorn Plc (SAMCO) is planning to launch 3 low rise residential projects worth 2.7 billion projected for 2016. The Managing Director, Kittipol Pramoj Na Ayuhya, believes the injection of government investment in infrastructure and megaprojects will make a difference as well as the Asean economic integration. “The property market is now at the bottom of its cycle,” he said.

SAMCO projects for next year will all be low rise, including a single house on New Ratchapruek Road worth 1 billion baht and 2 townhouses in Rama Intra and along the Purple Line worth 1 billion baht and 700 million baht, respectively.  “We see growth in the low rise segment from the recent figures of new housing registrations and transfers while the condo segment is stable,” Mr Kittipol said.

According to the Real Estate Information Center new condo registrations and transfers are marginally dropping and low-rise housing registrations and transfers are rising.

Source: Bangkok Post 22nd October 2015
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