<article><a style="color: #000080;" href="http://www.cpland.co.th">CP Land</a>, the property arm of <a style="color: #000080;" href="http://www.cpthailand.com/">Charoen Pokphand Group</a>, has drawn up an aggressive investment of 10 billion baht ($277.78 million) next year, optimistic of an economic recovery in Thailand.</article>

<a style="color: #000080;" href="http://www.cpland.co.th">CP Land</a>, the property arm of <a style="color: #000080;" href="http://www.cpthailand.com/">Charoen Pokphand Group</a>, has drawn up an aggressive investment of 10 billion baht ($277.78 million) next year, optimistic of an economic recovery in Thailand.
The investment will cover all high-growth property segments such as condominiums, hotels, warehouses, office space and industrial estates.
“We believe that the government will accelerate spending in the budget to aid economic recovery. Besides, the inauguration of Asean Economic Community will resume confidence among consumers and investors and we believe demand for properties in Thailand will be picked up soon,” Sunthorn Arunanondchai, president and chief executive officer of CP Land, said.
This is a part of its earlier plan to invest 30 billion baht during 2015-17, aiming to boost the revenue from 3 billion baht in 2013 to 10 billion baht in 2017.
He said, the firm has already prepared the land for developing the projects, many of which will be launched in 2016.
Besides, it is seeking local partners to expand into Cambodia, Laos, Myanmar and Vietnam.
“We expect to announce a 500-million-baht joint venture project in Yangon by the mid of 2016. The assets will be a hotel and an office building for rent with total investment of around 1 billion baht,” he said.
“The Asean market has over 600 million people, which is nine times bigger than Thai market. We have explored opportunities around the region, and we think that Myanmar is the most attractive at the moment,” he added.
For Thailand, CP Land has 50 property projects in 33 provinces and it will increase to 60 projects in 40 provinces.
It will launch around 8-10 condominiums in main economic and tourism cities such as Ayutthaya, Sukhothai, Surin and Mukdaharn by targeting the low-to-mid segment.
Newly-developed condominiums will be mix-used and contain around 400 units, more than its current projects containing around 100-200 units each.
Currently, 65 per cent of the revenue comes from properties for sale and 35 per cent from leasing the properties. In the future, it will give more weight to recurring income and half of its revenue will come from leasing.
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CP Land decides to move forward its plan to make an aggressive investment of 10 billion baht ($277.78 million) next year.

Thailand: CP Land to invest over $250m in realty projects next year

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