New LH fund
PROPERTY:The listed developer Land & Houses Plc has chosen three foreign residence projects with a combined value of 3 billion baht to be the underlying assets of its new property fund, according to senior executive vice-president Adisorn Thananun-narapool.
They are the Center Point Sukhumvit-Thong Lo serviced apartment, Center Point Residence Phrom Phong and L&H Villa Sathorn.
The company said the foreign residence segment in Bangkok enjoys a bright outlook due to slow supply growth in light of limited availble land and rising prices.
The projected robust economic growth and the launch of the Asean Economic Community in 2015 will attract more expatriates, pushing up the demand, Mr Adisorn added.
15 February 2012