PUBLISHED : 21 Sep 2024 at 04:00
SET-listed Frasers Property Thailand is expecting the Samyan Mitrtown mixed-use project to break even within three more years, a shorter period than other commercial projects, but longer than initially anticipated because of the pandemic.
..
PUBLISHED : 21 Sep 2024 at 04:00
SET-listed Frasers Property Thailand is expecting the Samyan Mitrtown mixed-use project to break even within three more years, a shorter period than other commercial projects, but longer than initially anticipated because of the pandemic.
Thanapol Sirithanachai, the company’s country chief executive, said the key factor helping the five-year-old project reach its break-even point faster than others was the residential component.
“Despite being sold with a 30-year leasehold, Triple Y Residence, with a total of 516 units, sold out a few years ago, allowing us to…