Vijitra budgets Bt1.4 bn for 5 new projects
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VIJITRA PROPERTY Group has set aside an investment budget of Bt1.4 billion to develop five residential projects worth Bt2 billion in the second half of the year.
It targets total presales of Bt1 billion after recording Bt500 million worth in the first half, chief executive officer Suebwong Sukhamongkol said.
The five new residential projects will be in Samut Prakan, Chachoengsao and Sa Kaew provinces.
They will be detached houses and townhouses under the Maruey and Victoria Private City brands.
Suebwong said the demand to buy homes looked like stabilising in the remaining months of the year after people delayed their purchasing decisions and the commercial banks restricted mortgage approvals.
As the demand for detached houses and townhouses is better than for condominiums, the company is confident that its new projects will help it meet its presale target, he said.
