SET-listed developer Sammakorn Plc (SAMCO) will launch three low-rise residential projects worth a combined 2.7 billion baht in 2016, as it projects revenue to grow by 25% from this year.
Managing director Kittipol Pramoj Na Ayudhya attributed the positive outlook next year mainly to the injection of government investment in infrastructure and megaprojects.
Asean economic integration will be another factor boosting the economy along the border and special economic zones, attracting investment and property demand.
However, he warned the weak global economy would still affect exports and some tourist arrivals.
"The property market is now at the bottom of its cycle," he said yesterday.
"However, we still foresee the market remaining flat in a year to come, as the government's incentives are unlikely to help boost new demand since it's consumer confidence that influences their purchasing decision."
The company's projects next year will all be low-rise, including a single house on New Ratchapruek Road worth 1 billion baht and two townhouses in Ram Intra and along the Purple Line worth 1 billion baht and 700 million baht, respectively.
"We see growth in the low-rise segment from the recent figures of new housing registrations and transfers while the condo segment is stable," Mr Kittipol said.
According to the Real Estate Information Center, the number of new housing registrations and transfers from January-August rose 4% and 5% from the same period to 74,225 and 106,089 units, respectively.
By category, new condo registrations and transfers in the period marginally dropped to 37,943 units from 37,948 units and to 42,244 units from 44,320 units, respectively.
On the other hand, new low-rise housing registrations and transfers rose 9% to 36,282 units and 13% to 63,845 units, respectively.
SAMCO shares closed yesterday on the SET at 4.32 baht, up 2 satang, in trade worth 9.99 million baht.