Risland bides time on launches

Chinese-owned, Hong Kong-based developer Risland Thailand will take a wait-and-see approach on the Thai property market this year, but aims to have presales growth of 10%, driven by existing condo inventory.

Paul Nie, the company’s regional sales and marketing general manager, said on Monday the Thai property market will recover this year as vaccines became available and are being distributed to target groups.

“The market will improve from last year but will be unlikely the same level as 2018, one of the best years for the condo sector,” he said.

The company will have no new projects launched in the first half of 2021 as it will spend time conducting a market feasibility study. It will monitor the situation in the second…