SET-listed Golden Land Property Development Plc (GOLD) is revising its revenue target for townhouses after presales outperformed in the first quarter. In the second quarter the company plans to launch two new townhouse projects worth a combined 2.3 billion baht. Golden Land aims for 3 billion baht in presales in the second quarter, up from 2.2 billion year-on-year. Golden Land expects to spend 7.85 billion baht this year to acquire new plots of land for low-rise development of townhouses, semi-detached houses and single houses. GOLD shares closed yesterday on the Stock Exchange of Thailand at 6.65 baht, down five satang, in trade worth 6.54 million baht.

Source: Bangkok Post March 27, 2017 23:37 UTC