Monday, August 26, 2019

Japan’s Shinwa budgets Bt8m for Bangkok projects

Jan 16. 2019
group director Tomoyasu Yamabe
group director Tomoyasu Yamabe
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By Somluck Srimalee
The Nation

10,007 Viewed

Japan-based Shinwa Group has set aside Bt8 billion to develop residential projects in Bangkok this year and next, group director Tomoyasu Yamabe announced on Wednesday at a press conference at its head office in Osaka.

Up to Bt3 billion will be invested this year to build condominiums in Sukhumvit Soi 39 and Srinakarin Road. The other Bt5 billion will be spent in 2020.

The total investment will boost Shinwa’s revenues to Bt1.5 billion and net profits to Bt500 million in 2020, he said.

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