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property

Quality Houses plans 27 new projects in 2016


QUALITY HOUSES plans to launch 27 residential projects worth more than Bt30 billion next year, foreseeing strong demand in both the luxury and middle-income markets.

Meanwhile, Sammakorn has launched a promotional campaign called “Time to Buy”, offering discounts of Bt350,000-Bt1.25 million per unit. This is part of its efforts to achieve Bt1.5 billion in presales this year after recording Bt1.15 billion worth in the first nine months of the year, managing director Kittipol Pramote Na Ayudhya said.
The campaign runs until the end of the year.
Quality Houses senior executive vice-president Suwanna Buddhaprasart said after opening the Q Sukhumvit condominium for presales yesterday that the company planned to launch 27 projects next year. Of these, 20 will feature detached houses and townhouses, three will be condominiums, and the remaining four will be extensions of this year’s projects, including detached houses and condominiums.
“Demand to buy homes has been recovering after the government launched a stimulus package to boost the property market this quarter and the first quarter of next year. As a result, we have the confidence to launch more projects next year,” she said.
She added that the company was re-launching its luxury condominium project, Q Sukhumvit, this month and targeting sales worth Bt1.6 billion this quarter.
“We launched the project early this year but suspended it in the second and third quarters for discussions with BTS on the construction of a skywalk between the building and the [Skytrain]. Although the negotiation is still ongoing, we are confident that demand in the market recovering, so we decided to re-launch the project and up its sale price from Bt260,000 per square metre to Bt300,000. We have appoint CB Richard Ellis (Thailand) Co to be its sales agent,” Suwanna said.
Quality Houses subsidiary The Confidence Co on Tuesday also launched a condominium project, The Trust Condo @ BTS Erawan, worth Bt3.5 billion. The developer targets presales of Bt7 billion this year after recording Bt5.4 billion in the first nine months.
 

Published : October 21, 2015

By : SOMLUCK SRIMALEE THE NATION