SET-listed developer Supalai Plc plans to launch a record 34 new projects worth a combined 40 billion baht in Greater Bangkok and the provinces, aiming for sales to grow by 17% to 28 billion baht by the end of the year.
Chairman Prateep Tangmatitham said most of the projects will be low-rise houses, with 13 projects in Greater Bangkok and 18 projects in the provinces, as it wants to avoid oversupply in the condo market.
"We will launch more projects in the provinces, mainly low-rise houses, as people tend to choose their hometowns over Bangkok as the sources of jobs are now bigger in major provinces," he said.
