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Published on January 7, 2008

Four will be condominiums, the remainder both detached-house and townhouse

projects.

President Prateep Tangmatitham believes the property market should improve from last year because the country will have a newly elected government, which will create greater confidence among both domestic and foreign investors.

With investment confidence returning, consumer buoyancy will recover and home-buyers who delayed purchase decisions last year will act, he said.

Supalai expects sales of nearly Bt10 billion during the year, 13 per cent higher than the Bt8.8 billion it generated last year. Sixty per cent will come from condominium projects, the rest from detached-house and townhouse projects.

Last year's ratio was 75:25.

Supalai posted revenue of Bt3.7 billion and net profit of Bt626.42 million for the first nine months of last year.

Prateep said the company predicted better sales this year for detached houses and townhouses, as all political parties have a policy to develop the mass-transit system linking Bangkok's central business district with surrounding areas.

Meanwhile, city condominiums will continue to be popular this year following the trend whereby many home-buyers now prefer to live close to where they work, he added.

Supalai has 14 ongoing projects valued at Bt11.1 billion. They will generate revenue to the company this year and next.

Somluck Srimalee

 The Nation