Singha Estate launches a plan to fully penetrate the luxury housing market. Having prepared an investment budget of more than 35 billion baht for the development of projects in the best places. The developer expects to earn at least ten billion baht by 2026.
Last year Singha Estate carried out a major restructuring of the housing business, a subsidiary was sold, which is mainly responsible for the development of low-rise projects. Now Singha Estate itself will be responsible for projects in all industries, which will be able to ensure revenue growth of about 50% in 2022 and ensure revenue growth to a target of more than 10 billion baht by 2026. Projects are being prepared in the segment of luxury housing, low-rise housing, condominiums.
Low-rise housing projects should be launched in the second half of this year, worth about 3 billion baht, while other projects will be gradually launched from the beginning of next year onwards. The investment budget will be spent on the purchase and development of land for a residential business of about $35 billion, or about 65% of the total volume of five-year investments of the company.