Singha Estate holds investment budget at Bt10bn

Real Estate June 22, 2019 11:06

By The Nation

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Listed property firm Singha Estate will maintain an investment budget up to Bt10 billion this year although the market dropped in the first half of this year, the company’s chief executive officer Naris Cheyklin said in a press release on Saturday.

“We believed the market will recover in the second half of this year,” he said.

Currently, the company has a total backlog of Bt12 billion that it will transfer to its customers in this year and next year.

The company also plans to launch a new condominium project at Soi Rang Nam in the second half of this year and its two hotels will also open.