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Bangkok Property Developers Bouyed Up

By on Nov 14, 2014 in Property News, Residential
30247167-01_bigLeading property developers, confident that the residential market will continue to recover next year, plan to launch projects worth more than Bt200 billion during the course of 2015. A survey by The Nation early this week found that both listed and non-listed property companies plan to launch more residential projects by focusing on Bangkok and the provinces.

Pruksa Real Estate president and CEO Thongma Vijitpongpun said the property market had begun to show signs of recovering from July to September, and he expected to see stable growth during next year. As a result, the company plans to launch between 60 and 70 projects worth Bt50 billion-Bt60 billion during the course of 2015, close to this year’s level.

Supalai deputy managing director Tritecha Tangmatitham said the company had earmarked an investment budget of just under Bt5 billion to buy land next year, which is on a par with this year. This forms part of the developer’s plan to launch at least 27 projects worth up to Bt30 billion next year.

Property Perfect CEO Chainid Adhyanasakul said the company would expand its investment east of Bangkok, especially in the Eastern Seaboard provinces of Chon Buri and Rayong, as well as in Phetchaburi and the Hua Hin district of Prachuap Khiri Khan, in 2015, as there is strong residential demand in these locations.

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