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Preuksa lifts sales prediction

Preuksa Real Estate has lifted its residential target for the year from 40 projects worth Bt20 billion to 50 worth Bt25 billion on expected strong demand fuelled by the government's tax incentive package.



"We believe that our presales this year will achieve the target of Bt20 billion when we expand our new residential projects from 40 to 50," Prasert Taedullayasatit, chief business officer, said yesterday.

Twenty-three projects worth Bt10 billion will debut today at the CentralWorld shopping plaza, adding to the 12 launched last quarter, he said.

Since the reduction in transfer tax from 2 per cent to 0.01 per cent that went into effect on March 30, home-buyers have been jumping at ready-to-move-in units in order to get the tax break this year. The incentive expires on March 30 of next year.

The remaining 15 projects will take shape in the second half.

In the first quarter, the residential developer rang up presales of Bt5.52 billion and transferred 1,713 units to its customers while earning Bt308.26 million on sales of Bt2.2 billion. Net profit and sales were up 22.22 per cent and 5.4 per cent respectively from the same quarter of last year.

Today the developer opens the PS Centre on the sixth floor of CentralWorld as its first customer service centre for those who want to see its projects and get more information about them.

It might open another PS Centre to serve customers in the central business district.

Also today, the company is unveiling its three-storey, home-office project on Sathorn Road aimed at the young generation and entrepreneurs who want to stay home to support their business.


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