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Thursday, May 9, 2024

Supalai looks to provincial prospects

Mr Prateep (centre) and Chulalongkorn University announce the winners of a design contest with the concept of future living.

SET-listed developer Supalai expects an economic recovery in 2021 as it aims for sales growth and plans to expand low-rise housing projects into additional provinces to diversify risk.

Chairman and chief executive Prateep Tangmatitham said the company planned to launch at least 30 new residential projects next year with only 10-20% of them being condo projects.

“We will launch only 3-5 condo projects depending on locations as there is a large amount of unsold condo inventory in the market,” he said. “We should wait for a while for them to be absorbed.”

The remainder of the projects Supalai will launch next year will be low-rise houses, including single detached houses, semi-detached…

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