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Property Development Firm Expands in Thailand.

Bangkok Post (Bangkok, Thailand)

| April 02, 2004 | COPYRIGHT 2004 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Apr. 2--Golden Land Property Development Plc plans to invest two billion baht to expand two existing projects in the Bang Na and Rama IX areas.

Executive director Thongchai Kunakornporamut said the company would offer more units at the two detached housing developments to meet demand.

"Currently, we have a 200-rai land bank that can generate sales of more than 20 billion baht over the next few years. So we need not buy more land this year," Mr Thongchai said yesterday.

Last year, the company doubled its net profit and increased its revenue by 40 percent to 4.8 billion baht.

Mr Thongchai said sales this year were expected to be six ...

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