Listed property firm Property Perfect plans to launch two new residential projects under a joint venture with its Japanese partner, Sekisui Chemical and Hongkong Land worth a combined 6.03 billion baht ($195.9 million), the company’s managing director Wongsakorn Prasetwipat said on Wednesday.
The first project with Sekisui Chemical is for single detached houses built under the modular system at Masterpiece Sukhumvit 77 worth 962 million baht, while the second is for single detached houses at Lake Legend Chaeng Wattana with starting prices of between 19 million and 60 million baht.
Wongsakorn added that the developments were expected to boost revenue during the last quarter of this year.
The company earlier announced total revenue of 10 billion baht and net profit 1.13 billion baht for the first half of this year, up 14.8 per cent and 225 per cent respectively over the same period last year. The nation (THAILAND)