SET-listed developer Supalai Plc (SPALI) plans to raise its spending for land acquisition by 20% next year, because its financial liquidity is healthy and land prices are soaring.
Driven by the surge of mobile internet users and online shopping demand in Thailand, condo developer Grand Unity Development Co will launch online condo booking, the first of its kind in the country, aiming for sales of 600 million baht in three days.
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SET-listed developer Sansiri Plc (SIRI) has vowed to shift its focus from presales to profitability in a bid to raise its net margin to at least 10% this year.
The overall improvement in Thailand's political backdrop and the resumption of public sector management are expected to revive domestic consumption and private investment, paving the way for a economic recovery in the second half that will also boost the property sector.