Projects Take offSansiri Plc, for example, plans to launch 13 new residential projects - both ready-to-stay residences and under construction projects worth a combined Bt37.45 billion in the second half. "We forecast new residential projects launched in Bangkok and its suburban areas for the year 2016 will be near last year - about 101,000 units - 60,000 condominium units and the rest single detached houses and townhouses," he said. So, it had to launch more new projects in the second half to boost presales to reach its achieve sales target for the year.To boost sales, the company has maintained the campaign free transfer and mortgage fee like the government measure. "We have to launch more new residential projects in the second half of this year to boost our presales as we delayed launching new projects in the first half of this year," Pruksa Real Estate's co-chief executive officer Lersak Chuladesa said recently.He said the company sped up its sale inventories in the first half after the government's measure. But the campaign would end at the end of September, he said.Meanwhile, LPN Development Plc plans to launch six new condominium projects worth Bt7 billion in the second half.LPN Development managing director Opas Sripayak said the property market in the second quarter showed slight growth after the government's measure expired.

Source: The Nation Bangkok July 10, 2016 18:00 UTC