Others include higher interest rate, and lower demand for residential property from foreign investors. Supalai Plc’s chief executive officer, Pratheep Tangmatitham, said his company would buy more land and launch new residential projects this year. Demand for property along the routes of mass transit systems also gives confidence to Chanond Ruengkritiya, CEO of Ananda Development Plc. This is our business strategy – to launch our new condominium projects at locations close to the mass transit systems,” Chanond said. The drivers of that growth include infrastructure development spearฌheaded by government investment, and from private-sector development of residential and commercial projects.
Source: The Nation Bangkok February 11, 2019 00:56 UTC