Wednesday, January 13, 2010

INTERVIEW-UPDATE 1-Thai Preuksa sees 30 pct 2010 sales growth

New projects to drive 2010 revenue up 30 pct

* To launch 48 projects worth 30-35 bln baht this year

* Plans 1.5-2.0 bln baht of bonds to fund expansion (Add details, quotes)

BANGKOK, Jan 11 - Preuksa Real Estate PCL, Thailand's second-largest housing firm by market value, said on Monday it expected revenue growth of at least 30 percent this year, more than forecast, as it launched new housing projects.

Seventeen projects launched in the fourth quarter of 2009 and another 48 new projects worth 30-35 billion baht this year would help push up growth, chief financial officer Somboon Wasinchutchawal told Reuters.

"This year's growth will mainly come from new detached houses and town house projects which were already released late last year," Somboon said, adding they would realise revenue of 9-10 billion baht this year.

Thailand Real Estate for Sale