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Saturday, May 11, 2024

C.P. Land allocates B30bn in investment

Amount for hotels, residential projects

An artist’s rendition of Luxriva Residences Nakhon Si Thammarat, a single detached house project on 114 rai with 115 units priced 12-20 million baht.

C.P. Land Plc, a property firm owned by the Chearavanont family, plans to invest 30 billion baht to acquire hotels and develop residential projects in 2024-25 with the goal of generating 15.5 billion baht in revenue during this period.

Chief executive Keerati Satasook said 5 billion baht would be allocated to buy existing hotels, while 25 billion is for residential development,…

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