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Thailand Property Development Firm to Launch Seven New Projects This Year.

Bangkok Post (Bangkok, Thailand)

| February 05, 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

Byline: Kanana Katharangsiporn

Feb. 5--Plus Property Partners, a subsidiary of Sansiri Plc, expects to double its revenue to 1.6 billion baht this year, after expanding into property development with the launch of seven projects worth 2.3 billion baht last year.

Some 1.2 billion baht in revenues this year is expected to come from property development with the rest likely to be from fee income generated from property and sales management.

Last year, Plus Property recorded 720 million baht of revenue, compared with 193 million baht in 2002, according to chief executive Yongyutt Chaipromprasith.

The company currently manages 63 projects, ...

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Source: HighBeam Research, Thailand Property Development Firm to Launch Seven New Projects This...

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