Chewathai unveils seven more residential projects for 2019
Listed property firm Chewathai Plc plans to launch seven residential projects together worth Bt7.24 billion in the second half of this year, aiming to boost total year-end revenue to Bt2.88 billion, managing director Boon Choon Kiat said on Monday.
Three of the seven projects will launch in the third quarter – Chewathai Kaset-Nawamin worth Bt1.7 billion, Chewarom Nakorn-In worth Bt1.59 billion, and Chewa Biz Home Eakmai-Bang Bon worth Bt765 million.
The other four coming in the fourth quarter are Chawathai Pinklow (Bt1.58 billion), Hallmark Charan 13 (Bt430 million), Chewa Home Bangkok-Pathumthani (Bt903 million) and the condominium Heart Sukhumvit 36 (Bt270 million).
“This year has been hard for property firms because demand for residential dropped and the commercial banks restricted approvals for mortgage loans, so most companies have had to cut prices and introduce special promotions,” Boon said.
“It’s not our policy to cut prices, but we have tried to improve quality and also collaborates with strategic partners to create more value for our customers. This is the way to boost sales and achieve our target.”
Commax Co Ltd is installing home-automation technology in seven Chewathai residential projects launching in the second half of this year, Boon said.
The technologies are Smart Home Control, Gate Barrier Camera, Bluetooth and Lift Control.
Chewathai Kaset-Nawamin, the first project for the third quarter, will have 649 units on five rai at a starting price of Bt2.19 million.
It features a stylish lobby, sky infinity pool, serene garden, private vertical gardens, active studios, a library, a co-learning and co-working hub, a lifestyle shop and shuttle service.
Bookings are now being accepted, Boon said.