Chewathai on target for 20% growth, plans nine new projects
Residential property developer Chewathai is still aiming to meet its full-year revenue target of Bt2.4 billion, which would represent growth of 20 per cent from last year’s level, managing director Boon Choon Kiat said on Tuesday.
In the first half of the year, the listed company recorded revenue of Bt1.456 billion and its backlog was worth around Bt800 million, which is continuously recognised as revenue, he said.
The company has also developed a business plan to launch seven new projects of its own and two joint-venture projects, the MD added.
The projects to be developed include the Bt954-million Chewathai Residence Thonglor, a 155-unit low-rise condominium in Thonglor 20; the Bt1.7-billion Chewathai Kaset Nawamin, a 480-unit high-rise condominium; the Bt430-million Hallmark Charan, a 159-unit low-rise condominium; and the Hallmark Chokchai 4, an 806-unit low-rise condominium worth Bt2.011 billion.
To be developed under the company’s latest brand, Chewa, are the Bt700-million Chewa Home Wongwaen-Lamlukka, a 275-unit town-home project with an average selling price of Bt2.5 million-Bt3 million,; the Chewa One Bhuddhamonthon Sai 1, a 53-unit detached-housing project worth Bt1.226 billion; and the Bt885-million Chewa Home Suksawat-Pracha Uthit, a 391-unit town-home project with an average selling price of Bt2.1 million-Bt2.49 million.
The other two projects under the business plan – both joint-venture developments – are the Chewa Heart Sukhumvit, a Bt180-million town-home project located in Sukhumvit 62/1, and the Bt270-million Chewa Heart Thonglor, a town-home project located in Sukhumvit 36.