The SET-listed Lalin Property Plc still managed to post strong presales of 1.5 billion baht in the first half of this year despite no new launches in the period.
Director Churat Chakarakul said all sales were from remaining units at its projects, with 80% generated from 25 low-rise projects in Greater Bangkok and Chon Buri's Si Racha district. Another 20% stemmed from three condo projects in Bangkok launched last year.
Lalin did not launch any projects in the first half because it found it difficult to fill up land required for low-rise development. Typically a low-rise project requires more preparation, as it takes up more land than a condo project.
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