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Monday, April 29, 2024

Bullish developers plan record launches

An artist’s rendition of Nue District R9 Phra Ram 9, a new condo project with 1,442 units from Noble Development, located near CentralPlaza Grand Rama 9 mall.

SET-listed developers Noble Development and SC Asset Corporation are upbeat about their business prospects and overall market sentiment this year, with both planning record property launches.

In 2022, Noble plans to launch 18 new projects worth a combined 47.7 billion baht, while SC Asset has lined up 27 new projects worth a total of 38.9 billion baht.

Noble chairman and co-chief executive Thongchai Busrapan said the property market has rebounded and will recover this year, as the pandemic could end in 2022.

“Our goal in 2022 is very challenging,” he said. “We will launch our largest number and value of new projects, covering all pricing segments….

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