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Friday, May 17, 2024

Bangkok Post – Siamese Asset wary of new investments

No new land deals over next three years

An artist’s rendition of a single detached house at Monsane Exclusive Villa Ratchaphruek-Pin Klao priced between 25-50 million baht a unit, a project of Siamese Asset.

SET-listed developer Siamese Asset will be cautious about new investments and focus on generating revenue from projects launched earlier, as well as reducing expenses during 2024-26 due to unfavourable financial market conditions.

Chief executive Kajonsit Singsansern said the company would not purchase new plots of land over the next three years, despite having only…

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