Using another yardstick, Origin Property Plc reported net profit of Bt966.74 million for the first nine months of this year, up 200 per cent from thesame period of last year. Despite the industry’s overall mixed financial results for the nine months, all of the listed property firms continue planning to launch new residential projects in the remainder of this year, expressing confidence that demand for residential property would recover. “We are also confident our total revenue and net profit in the rest of this year will have continued growth,” he said. They are a part of the plan for 11 new residential projects worth Bt26 billion in the fourth quarter of this year. These seven projects are among the 35 residential projects worth Bt39 billion that have been rolled out beginning in the second half of this year.

Source: The Nation Bangkok November 14, 2017 18:00 UTC