Major to launch low-rise projects aimed at the richSET-listed developer Major Development Plc plans to launch low-rise housing projects in the super-luxury segment this year as high net worth Thais are still spending despite the virus crisis. The Ari plot is slated for July 18 with eight units priced between 62 and 85 million baht. "It is not the right time to launch new condo projects, so we delayed two projects worth a combined 9 billion baht to launch next year from the second half this year," Ms Petrada said. Revenue from real estate was 1.82 billion baht, up 41% year-on-year, while the debt-to-equity ratio fell from 2.5 in 2019 to lower than 2 times. It expects flat revenue or slightly higher than last year, when it posted 6.28 billion baht.

Source: Bangkok Post July 16, 2020 00:00 UTC