LH should emerge in good shape

THURSDAY, NOVEMBER 17, 2011
LH should emerge in good shape

Land and Houses has maintained its attractiveness despite the plunge in the property market, which has hit several other resi

 


Analysts from Tisco Securities and DBS Research, after meeting with L&H’s management, agree that after sales plummeted in the wake of the floods, L&H will stage a strong recovery next year, thanks to its greater emphasis on highrise projects as well as the establishment of property funds.
The launches of four projects worth Bt14.5 billion have been delayed.
Next year, the developer plans to focus more on condominiums, with the value of new units to exceed 40 per cent of all units launched.
DBS noted that L&H, like oth