Developer readies Bt5.19 bn for 10 residential 

Real Estate February 22, 2019 01:00

By The Nation

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Listed property firm Chewathai Plc has set aside an investment budget of Bt5.19 billion for 10 residential projects worth Bt14.15 billion this year, the company's managing director Boon Choon Kiat said yesterday.

Up to Bt3.26 billion will be used to acquire land with the balance of Bt1.93 billion on construction, he said.

The company expects its total revenue to reach Bt2.88 billion this year, or up 7.8 per cent from its total revenue of Bt2.67 billion in last year.

The company currently has a backlog (units already sold, waiting to be transferred to customers) worth Bt585 million, he said.