Lalin preps 10-12 new projects

Despite an expected recovery in the property market, SET-listed developer Lalin Property Plc will cautiously move forward this year by planning 10-12 new projects worth a combined 8 billion baht, aiming for growth of 10%.

Chairman Chaiyan Chakarakul said the slow property market since 2020 already bottomed out and would recover in 2022 in line with economic growth forecasts.

“The economy will grow by 3-4% but not resume to normal or the pre-pandemic level,” he said.

As domestic demand and purchasing power remain weak with high household debt, the company will take a careful approach by controlling cash flow and costs and applying lean management as the market will continue being challenged by the new Covid-19 variant.

All of the new projects Lalin plans to launch in 2022 will be low-rise houses.

The company wants to target real demand and this segment has more…