Real estate developer Property Perfect Plc (PF) plans to launch 14 residential projects with a total cost of over $416 million in 2022 with over $445 million in revenue by the end of the year.
Managing Director Wongsakorn Prasitvipat noted that the housing market had been revived with the lowering of credit limits, and buyer confidence has improved.
"The number of real estate sales and customers increased after reaching the minimum figures in June," he said. "However, it is too early to expect that these goals will be achieved this year, as the situation has barely begun to stabilize in the fourth quarter."
In the third quarter, PF reported a 28% reduction in home sales to $46 million. The hotel’s revenue decreased by 68% to $ 2.8 million with a loss of $ 4.5 million.
The company is expected to generate between $356 million and $386 million in pre-sales and revenue by the end of the year, and $445 million in 2022.
The company is currently behind in sales of $80 million to be realized by next year, including $44.5 million from low-rise buildings, $14.8 million from condominiums and $20.7 million from joint ventures with Hong Kong land.