“We target our sales to grow at double digits a year to achieve total revenue of Bt20 billion in 2019,” said Nuttaphong Kunakornwong, chief executive officer. However, private investment and consumption have not picked up as expected. And domestic household debt is still at a worrisome level, handicapping the expansion of real estate development this year. In the company’s case, customers’ mortgage loan rejection rate for horizontal projects in the first half of this year was close to the level seen last year at about 10 per cent. The cash payment ratio particularly in the luxury segment is up 50 per cent – higher than the rate last year.

Source: The Nation Bangkok August 04, 2017 18:01 UTC