SET-listed developer Property Perfect Plc (PF) plans to launch 15 low-rise housing projects worth a combined 26.2 billion baht, of which nearly half are joint ventures with Hongkong Land and Sumitomo.
Managing director Wongsakorn Prasitvipat said a recovery in the housing market will continue from last year, adding that there is still strong demand for low-rise houses despite a weak condo market.
“We will have no new condo projects for the fourth consecutive year,” he said. “This year will be another robust year for low-rise houses, particularly in the upper-end segment.”
Mr Wongsakorn said 40% of condo demand was from foreign buyers led by Chinese citizens, followed by citizens of Singapore and…
