Property firm Preuksa Real Estate has set aside nearly Bt8 billion for the purchase of 50 plots of land, construction of a prefabrication plant and investment in the Maldives next year, president and CEO Thongma Vijitpongpun told a press conference yesterday.

The country’s second-largest developer, Preuksa Real Estate Plc (PS), plans to launch 15 townhouse projects next year to boost its share of the segment to between 70% and 80%. The projects will be under the Preuksa Ville brand with units priced from Bt1m to Bt1.5m.

The country’s second-largest developer, Preuksa Real Estate Plc (PS), has closed sales of a condominium in Lat Phrao recently approved by the Board of Investment (BoI), while the condo leader L.P.N. Development Plc has received early-stage approval for its new BoI condo in Bang Kae. The large developers’ applications follow changes in BoI Home regulations in July. The minimum space for units qualifying for incentives was reduced to 28 square metres from 31 and the maximum price was raised to Bt1m from Bt600,000.