Lalin Property meets ‘real demand’ in first half
Lalin Property Plc is confident it will achieve the target it set for presales by the end of this year, even though there are signs of a slump in the property market, the company’s chief executive officer Chaiyan Chakarakul said on Thursday.
He said the company has already made Bt3.1 billion in presales in the first half, or 58 per cent of its target of Bt6 billion.
“We have been successful because the launch of low-rise residences, such as single-detached houses and townhouses, has been low. We matched the real demand,” he said.
He added that after the Bank of Thailand reduced the loan-to-value ratio for second and third homes from April 1, the demand for condo units and purchase of single detached or townhouses for investment or rental purposes dropped.
However, he said, his company was able to meet the target because it focused on buyers looking for houses for their personal use.
Chayan also said that if the government wants to improve the property market, it should revise its loan-to-value ratio so it helps support the property market during the rest of the year.