Samyan Mitrtown to break even in three years

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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.

"We have no new plans for such developments, as there are many new mixed-use projects in the pipeline coming to the market," said Mr Thanapol.

Given high household debt levels, although the units were sold, it has been difficult to transfer ownership as buyers have reduced borrowing capacity, he said.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Break Company Units Years Sold Mixed-use Baht Thanapol Projects Leasehold Project

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-21 @ 04:00:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 373 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 22629499

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Official Website: bangkokpost.com

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Year Established: 1946

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News Last Updated: 8 hours ago

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Publisher ID: #66

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