PF dorms set for B1.5bn property fund | Bangkok Post: property

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PF dorms set for B1.5bn property fund

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SET-listed developer Property Perfect Plc (PF) is preparing to put two dormitories in Chiang Mai and Bangkok into a property fund worth 1.5 billion baht over the next two years. 

Chief executive Chainid Attayansakul (formerly Ngowsirimanee) said the dormitory in Chiang Mai has an occupancy rate of 50%. PF will put it into a property fund when the rate reaches 80%, which is expected to be next May.

With 520 rooms at a monthly rate of about 6,500 baht, Uniloft Chiang Mai, which is worth 500 million baht, is located near Chiang Mai University and targets students as tenants.

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