Pruksa plans 40 projects worth Bt25 bn
Pruksa, a real estate developer, plans to invest Bt17.5 billion to develop 40 new residential projects worth Bt25 billion in value in the rest of this year.
Ten or twelve projects value Bt14 billion will be condominiums, the company’s chief operation officer Lersuk Chuladesa said at press conference yesterday.
In the first half of this year, the company has launch 27 projects value Bt25 billion.
He added that for condominiums, the company will focus more on building condominiums near the mass-transit-train stations.
"The urbanisation will make people demand for residences near the train stations for more comfortable traveling to the city centre", he said.
With Central Plaza West Gate set to open in the end of this year, the company yesterday launched the Bt2.3 billion Plum Condo Central Station in Nonthaburi’s Bangyai district. The condo is located near Central Plaza Westgate and the purple line’s MRT Sam Yaek Bang Yai station.
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In the same area, the company previously launched Plum Condo Bangyai Station in 2013 near MRT Talad Bang Yai station in the same train line, and the project is now 90 per cent sold, he added.
The purple train was set to start operations in mid-2016. Also, the company increased the revenue contribution of condominium from last year’s 20 per cent to 30 per cent currently. The contribution of houses was 80 per cent this year, while this year was 70 per cent.
Meanwhile, Lersuk said the government’s infrastructure development policy to build mass-transit-train to cover large areas of Bangkok will have positive effects for real estate market in those areas.
"We have seen a large number of department stores and villages constructed, and there will only be more to come" he added.
The company expects to grow around 10 per cent in revenue to around Bt47 billion from last year’s Bt43 billion. The presale in the first half of this year is around Bt24 billion and is expected to reach Bt47 billion at the end of this year.
