There will be ten residential projects launched by SC Asset this year with the combined value of these projects coming in at THB24 billion. The developer is planning for the launches to all be situated in Greater Bangkok locations.
Eight of the projects will be single-house developments and these are going to be worth THB13 billion. Two condominiums worth THB11 billion are also scheduled to be launched by the company, said chief executive Nuttaphong Kunakornwong.
The company will begin by launching three new projects in the first quarter with the presales period starting in late February. Beatniq (pictured), a 34-story condominium located on Sukhumvit 32, will be the first project launched in 2016. It is situated near the Thong Lor skytrain station and will have a total of 197 units. Unit prices will start at THB12 million and go up from there.
The Bangkok Post added that SC Asset’s second project is Grand Bangkok Boulevard Ratchapruek-Charan on Phran Nok-Phutthamonthon Sai. The project will consist of 92 single houses and prices will begin at THB30 million. Grand Bangkok Boulevard Sukhumvit on Bang Na-Trat Road will be the final launch of the first quarter. The development is close to the Bearing skytrain station and Bangkok International Trade and Exhibition Centre. There will be a total of 65 single houses starting prices start at THB35 million.
“2016 is the second year of SC Asset’s five-year strategic plan, which aims to have THB20 billion in revenue by 2020, and the company reaffirms its effort towards sustainable growth in the luxury segment,” Nuttaphong explained.
The developer has already set aside THB5 billion to buy new land plots in 2016. At the moment SC Asset has seven plots ready for development. The value of this land is THB6 billion. In 2015, SC Asset only launched six new residential projects due to the poor economic conditions in Thailand.
