An artist’s rendition of Katalia housing project, a joint venture between Supalai and Australian developer Stockland, in northern Melbourne.
SET-listed developer Supalai plans to launch 31 new residential projects worth a combined 34 billion baht in Greater Bangkok and provinces, aiming to set a new high in presales and revenue of 27-28 billion baht.
Managing director Tritecha Tangmatitham said the housing market this year should return to normal after bottoming out last year, when the overall market declined by 30% and the condo segment fell 40%.
“The low number of condo launches will continue this year, with few land transactions for condo development last year,” he said.
“The number of environmental impact assessment reports submitted was also the lowest in several years.”
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