Listed property firm Chewathai Plc has revised down its revenue target from Bt2.8 billion to Bt1.6 billion after demand for residential projects showed a slump in the first half of this year, the company’s managing director Boon Choon Kiet said on Friday.

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.