SET-listed developer Supalai Plc is aiming for a 30% growth this year in its low-rise pre-sales from 11 provinces, expressing confidence in provincial demand for the segment.
Chief executive Prateep Tangmatitham said demand for single houses, townhouses and duplex houses in key provinces remains strong despite an oversupply of condos in some provinces.
"This year Chon Buri will generate the largest presales for the company as the province has a mix of income sources in industrial estates, the tourism industry, the agricultural sector and trade," he said.
Last year, Phuket generated the highest presales. Chiang Mai generated the highest in 2015 and Songkhla in 2014 as the company launched condo projects in those provinces.
The southern provinces, Surat Thani, Phuket, Nakhon Si Thammarat and Songkhla, generated the largest presales, revenue and profit, which accounted for 10% of the totals recorded last year.
Supalai has residential projects in Udon Thani, Khon Kaen, Ubon Ratchathani, Nakhon Ratchasima and Rayong. This year it plans to launch a residential project for the first time in Chiang Rai.
"Supalai last year posted 24.1 billion baht in presales, an increase of 5% from 2015, making our presales the third largest among SET-listed peers, up from the fourth or fifth in prior years," Mr Prateep said.
It aims to have a growth of 12% to 27 billion baht in presales this year from the launch of 29 new projects worth a combined 37.2 billion baht.
He said presales growth this year will be driven by low-rise housing projects in Greater Bangkok and provinces which will account for 54%, up from 53% last year.
Presales from low-rise development in provinces will contribute 24% of the total target or 6.5 billion baht, up from 20% or 4.8 billion baht last year.
Supalai recorded a net profit of 4.88 billion baht on revenue of 23.5 billion, up 12% and 9%, respectively, from 2015. It expects 24.5 billion baht in revenue this year.
SPALI shares closed on Friday on the SET 24.70 baht, up 10 satang, in trade worth 160 million baht.