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More townhouses eyed as interest rates rise.

Bangkok Post (Bangkok, Thailand)

| February 05, 2005 | COPYRIGHT 2005 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--The listed developer Supalai Plc plans to launch four residential projects with 2,000 units worth a combined 5.4 billion baht this year while expecting to generate 6.2 billion baht in sales from existing and new projects, according to president Pratheep Tangmatitham.

Last year, the company posted sales of 4.1 billion baht from 1,000 units, an increase of 28 percent from the previous year. About half of the units were condominiums, 36 percent single houses and 12 percent townhouses.

The company plans to increase the proportion of townhouses available for sale because it believes higher interest rates will ...

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Source: HighBeam Research, More townhouses eyed as interest rates rise.