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Thailand Property – Supalai plans Bt30-billion projects in 2015

By on Oct 05, 2014 in Property News, Residential

LEADING developer Supalai has set an investment budget of less than Bt5 billion to buy land next year, which is on par with this year. It has already spent Bt3 billion of this year’s Bt5-billion budget to buy vacant land to develop into residential projects next year.  The company targets revenue of Bt20 billion for this whole year after recording revenue of Bt5.8 billion and net profit of Bt1.27 billion in the first half, Tritecha Tangmatitham, deputy managing director, said yesterday.

The company plans to kick off 11 residential projects worth Bt13 billion next quarter, of which seven will be low-rises, namely detached homes, duplexes and townhouses, and four will be condominiums.

The company is shooting for Bt22 billion worth of presales this year after logging Bt13 billion in the first eight months.

Yesterday the company introduced its latest Bt2-billion condo project, Supalai Elite Phayathai, combining 258 units starting at Bt4.4 million. The project will open for booking this weekend. The company targets Bt1.9 billion in presales from the two-day event. This is one of 16 Supalai residential projects entering the market in the first nine months of this year.

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