SET-listed Golden Land Property Development Plc is committed to helping buyers of its housing units whose mortgage requests have been rejected by financial institutions in a move that would help raise revenue. Senior executive vice-president Somboon Wasinchutchawal said that while the company's mortgage rejection rate is 25%, considered normal, Golden Land will try its best to speed up the reselling of units for homebuyers whose mortgage applications have been rejected. The segment is still expected to grow in the future after a new project, Samyan Mitrtown, a mixed-use project worth 8.55 billion baht, is completed and launched in 2020. It will comprise office space of 63,788 sq m, residential space and serviced apartment totalling 36,394 sq m and retail space of 64,590 sq m.Golden Land has two office buildings for rent. In the first nine months, Golden Land posted a net profit of 937 million baht on revenue of 8.14 billion baht, up 153% and 43% respectively from the prior-year period.

Source: Bangkok Post November 21, 2016 23:49 UTC