Up to Bt3 billion will be invested this year to build condominiums in Sukhumvit Soi 39 and Srinakarin Road. The other Bt5 billion will be spent in 2020. 
The total investment will boost Shinwa&rsquo;s revenues to Bt1.5 billion and net profits to Bt500 million in 2020, he said.

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Jarupong is a reporter and translator specialising in technology and sustainability.

jarupong_kri@nationgroup.com

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Nongluck is a senior economic journalist covering the macroeconomics, real estate, and corporate investment strategies driving growth across Thailand and Southeast Asia.

Japan’s Shinwa budgets Bt8m for Bangkok projects

Japan-based Shinwa Group has set aside Bt8 billion to develop residential projects in Bangkok this year and next, group director Tomoyasu Yamabe announced on Wednesday at a press conference at its head office in Osaka.

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