SET-listed contractor Pre-Built resumed the property development business this year with the launch of four new low-rise housing projects worth a combined 3 billion baht.
Managing director Wirot Charoentra said all of the projects are single detached houses and townhouses in outer Bangkok as demand there remains healthy.
“We have two plots of land for condo development, but we need to wait until the existing condo supply is absorbed, most likely within 1-2 years,” he said.
Those projects were planned in 2018 as an eight-storey condo worth 800 million baht and a high-rise condo worth 2 billion, located on Sukhumvit sois 26 and 24. Both received approval on environmental impact assessment reports and construction permits, but were held back due to a condo…
