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Thailand Property Developer, Supalai, Announces 16 New Projects
March 4, 2011 – Bangkok, Thailand: Thailand property developer, Supalai PLC, has announced the launch of sixteen new projects with a combined value of twenty billion baht (US$656 million).
The new projects are all located in Bangkok city centre and are aimed at providing affordable housing for buyers who currently live in the suburbs but are concerned with rising transport costs and travel times.
Supalai predict that a total of 17 billion baht (US$ 557 million) in sales and thirteen billion baht (US$ 426 million) in future revenue will be generated from the new property developments.
The company also intends to develop further projects throughout Thailand in the provinces of Chiang Mai, Khon Kaen, Phuket, Hat Yai and two more, yet to be announced.
This year Supalai have already reported 1.3 billion baht (US$ 42.6 million) of property sales, an increase of two hundred percent year-on-year.
Currently the property developer has a total of 15.09 billion baht (US$ 495 million) worth of unsold inventory across a number of projects.
However, Supalai are continuing to look towards future expansion and have announced their intention to invest a further 4.5 billion baht (US$148 million) in land for future projects.
“We’re looking for an overseas investment in the region but have no plan in the short term,” commented executive director, Tritecha Tangmatitham.
“We remain focused on the Thai market as property margins are the highest in the region and there are barriers to entry to foreign investors.” he added.
Supalai PLC operate a number of subsidiaries under the following names; Supalai Property Management Co., Ltd., Hatyai Nakharin Co., Ltd., Supalai Isan Co., Ltd. and Phuket Estate Co., Ltd. Supalai PLC shares trade on the Thailand Stock Exchange.
Article source: blog.oceanvillasgroup.com/thailand-property-developer-sup…
Ocean Villas Group are specialists in lifestyle and investment property worldwide and are committed to supporting investors in both the emerging and established property markets across the globe.
We meticulously select and research each property before presenting it to you and operate a strict due diligence system that sets the minimum criteria that each investment property must achieve. As a result, you can be confident that we will only offer property to you which reaches the highest quality standards and offers the best returns on your investment.
About the Author
Rebecca Smith is property journalist and sales director for Ocean Villas Group, based in Singapore.
For more investment news… http://blog.oceanvillasgroup.com
Khon Kaen @ NigHT ‘n Night Market
Uploaded by munatours on Aug 16, 2008
Discover Khon Kaen at night and take a glance at the night market. It’s always fun and exciting to visit such places where you can not only feed yourself but also do shopping from ranges of goods! Enjoy!
P.S. I’m a poor camera girl still
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Green Toys Sand Play Set $11.00 Kids will ‘dig’ building castles and hunting for buried treasure with the environmentally friendly Sand Play Set from Green ToysTM. Made of recycled plastic, this classic 4-piece collection of tools consists of a bucket, sand castle mold, shovel and rake. Made in the U.S.A from recycled plastic milk containers, which helps save energy, reduces landfill waste, and lowers greenhouse gas emissions, a… |
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Alex Toys Learn to Dress Monkey $24.63 Learn to dress from head to toe with Alex the monkey| This 22? long plush doll has 11 dressing activities that help develop fine motor skills. Learn to snap on straps, button, hook and loop, zipper and more. Comes with real socks and lace up sneakers, and his shirt and overalls are removable, too. Suitable for age 18 months and up…. |
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Passion of the Christ: Songs (Original Songs Inspired by the Film) $16.44 … |
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Comforter – Crumble Bear $17.99 This is a soft plush comforter from the Once Upon a Time collection, featuring Crumble Bear. This super soft comforter is perfect to hold on to. Crumble is the feature of this comforter, his head and arms are built into the design. It doubles as a… |
Tags: Bangkok, CHIANG MAI, Hat Yai, Isan, Khon Kaen Province, Thai baht, thailand, Thailand Stock Exchange
