Apasiri cuts 2014 presales target by 20% | Bangkok Post: business

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Apasiri cuts 2014 presales target by 20%

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Nakhon Si Thammarat-based property developer Apasiri Group has revised down its presales target this year by 20%, as the recovery of the housing market in the southern provinces is slower than in Bangkok. 

Apasiri launched its Viia7 condominium project in Bangkok's Bang Na district last week.

Director Krit Narmkerd said the political turmoil and decline in rubber prices had hit housing demand in the South during the first five months, making the group miss its target by 30%.

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