Land & Houses aims for 2013 revenue growth of 19.5%
Reuters : Bangkok, Tue Jan 15 2013, 10:50 hrs
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Thailand's biggest housing developer, Land and Houses Pcl, said on Tuesday it expected 2013 revenue of 30 billion baht ($992.39 million), up 19.5 percent from last year thanks to its new housing projects.
Estimated 2012 revenue was 25.1 billion baht, the company said in a statement.
Land & Houses, 15.3 percent owned by the Government of Singapore Investment Corp, planned to launch 24 new projects with combined value of 43.3 billion baht in 2013, the statement said.
It planned to spend at least 10 billion baht this year, mostly for land purchases, it said, and planned to sell at least 6 billion baht in bonds this year and set up a property fund in the second half of 2013.
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