Thailand’s Pruksa Real Estate plans to lead the detached homes market in two years, with the launch of eight new projects for the first quarter this year.
Pruksa controls 21 percent of the THB70 billion (US$2.3 billion) per year in Thailand’s detached house market, while Land & House, the current market leader, has between 23 percent and 25 percent stake.
“We believe that now is the time for detached houses and townhouses, and as a result we launched seven townhouse projects and eight detached house projects in the first two month of this year,” said Prasert Taedullayasatit, Pruksa’s Chief Business Officer.
The Pruksa Village Scenery at Rangsit Klong 4 has a total of 367 units, with prices starting at THB3 million (US$99,000).
Mr. Prasert said Pruksa recorded THB5.4 billion in pre-sales by the end of February, out of which THB2 billion (US$65.8 million) were from detached houses.