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Thailand property developer, Supalai, announces 16 new projects Bangkok, Thailand: Thailand property developer, Supalai PLC, has announced the launch of sixteen new projects with a combined value of twenty billion baht (US$656 million).The new projects are all located in Bangkok city centre and are aimed at providing affordable housing for buyers who currently live in the suburbs but are concerned with rising transport costs and travel times. Supalai predict that a total of 17 billion baht (US$ 557 million) in sales and thirteen billion baht (US$ 426 million) in future revenue will be generated from the new property developments.The company also intends to develop further projects throughout Thailand in the provinces of Chiang Mai, Khon Kaen, Phuket, Hat Yai and two more, yet to be announced. This year Supalai have already reported 1.3 billion baht (US$ 42.6 million) of property sales, an increase of two hundred percent year-on-year.Currently the property developer has a total of 15.09 billion baht (US$ 495 million) worth of unsold inventory across a number of projects. However, Supalai are continuing to look towards future expansion and have announced their...more
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