Demand for luxury residences has continued to grow in the first quarter despite the political uncertainty, according to homebuilder Four Pattana Co's managing director, Pramote Teerakul.
Accordingly, the company plans to launch a new project comprising units with utilisation space of between 800 square metres and 1,000 square metres and a starting price of Bt22,000 per square metre.
There will be four designs offered: Spanish, California, modern and contemporary.
Pramote said that while some customers have delayed building residences due to the country's political problems, those who signed contracts from last year till the first quarter of this year have continued to build.
This is a good time to build a residence, he said, because construction raw-materials prices are now stable. Customers who sign contracts to build residences now will receive good value, he said.
Four Pattana expects total revenue to hit Bt615 million this year, up 19 per cent from Bt518 million last year.
The company last month won a contract worth Bt30 million from Home Builder Show 2010. This is not factored in to the above revenue target, Pramote said.
