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Real Estate Developer in Thailand Sees Opportunity for 60 Percent Growth.

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: Somporn Thapanachai

Feb. 5--M.K. Real Estate Development Plc anticipates 60 percent growth in sales this year for a total of 2.5 billion baht after achieving 42 percent growth in 2003.

The company targets 2.2 billion baht in realised revenue this year, a 39.2 percent increase from last year's 1.58 billion baht, and 70 percent more than in 2002.

This year, MK will invest 1.5-2 billion baht in five new projects in Bangkok worth a total of 3.7 billion baht.

The company is also looking to develop condominium projects in the central business district in the near future.

Chuan Tangmatitham, MK's president, said the company ...

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Source: HighBeam Research, Real Estate Developer in Thailand Sees Opportunity for 60 Percent...

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