Singha Estate to allocate B11bn to projects this year

Industry
Published by
The Bangkok Post

SET-listed property company Singha Estate is planning to invest 11 billion baht in new and existing projects this year, aiming for 73% growth in revenue once global tourism recovers. Chief financial officer Chairath Sivapornpan said 4 billion baht will be earmarked for new plots of land for low-rise housing projects, focusing on the upper-end segment. The company targets net profit growth of at least 10%. “We will launch three new projects this year, all low-rise houses,” he said. “For the condo business, we will focus on existing projects and wait for foreign tourists to return in the second …

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