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Published on March 7, 2008

CapitaLand Residential CEO Chen Lian Pang yesterday said the company, part of the Temasek Holdings Group, would slow the launch of residential projects in Thailand and elsewhere.

Only four projects worth Bt8 billion will be started this year, instead of the six planned.

Chen, who is also CEO and managing director of TCC Capital Land, a joint venture with TCC Land, said two of the four residential projects would focus on the middle-class market under the S&S brand.

The first project, worth Bt1.8 billion and unveiled last week, is S&S Sukhumvit, with subsidiary S&S Residential as the developer.

The next project, worth Bt1.8 billion, will be launched in the second half of the year.

The other two projects will be aimed at higher-income groups looking for luxury Bangkok condominiums.

Somluck Srimalee

The Nation