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Metrostar diversifies ahead of listing.
Byline: Kanana Katharangsiporn
Jul. 2--To prepare for a stock market listing in the third quarter, the high-rise residential developer Metrostar Property Plc plans to diversify its development portfolio with the launch of a townhouse project and a serviced apartment in the second half of 2005.
"The shift aims to our expand our customer base and product offering," said chief executive Veera Burapachaisri. "Balancing and mixing the products will also help leverage risks and enhance stability. Besides, low-rise development generates a quicker return than high-rise projects."
The company will develop the 375-million-baht Ravipa Sukhumvit townhouse ...
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