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Monday, January 30, 2023

Lalin unfazed by LTV change, eyes 10% growth

Mr Chaiyan, left, said Lalin plans to launch 10-12 new housing projects worth a combined 7-8 billion baht this year.

SET-listed developer Lalin Property Plc is aiming for growth of at least 10% in 2023 as the normal loan-to-value (LTV) limits will have a minimal impact on target customers in the real demand segment.

Chaiyan Chakarakul, chairman of the executive board, said the company’s housing projects were mainly in units priced 2-9 million baht, with first-time homebuyers as target customers.

“The normal lending curbs will affect those buying a home with second and subsequent mortgages and those buying a unit priced 10 million baht and above. These are not our main customers,” he said.

He said higher interest rates would not…

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