The strong economic indicators explain the company’s strong investment this year to both develop residential projects and invest in new business to boost its recurring income. With the nationwide infrastructure expansion, most listed property firms have continued to develop residential projects around both existing and new mass transit routes. “With land prices rising, it will boost residential price increases this year by five per cent,” said Pruksa’s Prasert. For example, land on Silom Road showed the highest appraisal value at Bt1 million per square wah, up 15 per cent from its price of Bt850,000 per square wah four years ago. The opening bid in 2007 was Bt950,000 per square wah.

Source: The Nation Bangkok February 04, 2018 18:00 UTC