SET-listed developer Land & Houses Plc (LH) scaled down its residential launches this year to 12 projects, down 25% from last year, worth a combined 20.7 billion baht.
Managing director Adisorn Thananan-narapool said the company expects to have 28 billion baht in presales and 30 billion in revenue from residential sales by the end of 2021.
The investment budget this year exceeds last year’s, totalling 11 billion baht with 6 billion allocated for land purchases for residential development, and 5 billion for rental properties.
Last year LH launched 16 new residential projects worth a combined 28.6 billion baht, and invested 6.8 billion baht, lower than the 11 billion originally planned in January 2020.
Of the 2020 investments, 4.6 billion baht was allocated for new land plots for housing development, lower than a previous plan of 7 billion, and 2.2 billion baht…
