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Country back with handful of cheap plots: New projects to generate high margin.
Byline: Kanana Katharangsiporn
Dec. 1--The property developer Everland Plc, formerly Country (Thailand) Plc, is attempting to resume its prosperity in the property market by capitalising on its cheaper land plots.
Country reached an agreement with creditors in May 2002 to restructure debt of 15 billion baht.
According to Property Planner Co, the plan administrator for Country, the company's current land bank includes a number of prime properties purchased at up to 50 percent cheaper than current market prices.
Swechak Lochaya, the managing director of Property Planner Co, said properties include a 635-rai plot in Suwintawong to be used ...
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