JSP Property Co Plans 5 New Projects Worth Bt7.48 Billion in 2013 Featured

JSP Property Co targeting revenue growth of at least 10% this year over last, and the company plans to develop five commercial and residential projects worth Bt7.48 billion in 2013, chief business officer Thanongsai Manothamraksa said.

The company's financial adviser is in the process of studying a plan to apply for listing on the stock market and increasing JSP's registered capital from Bt900 million to Bt1.3 billion, Thanongsai said. "We cannot provide more details now, but the process is ongoing," he said.

The first project, Sampeng 2 Centre, is a commercial building worth Bt3.8 billion. It will be a mixed-used facility with shophouses, a food court, a three-star hotel and 2,000 condominium units. The second is JSP Residence Petchakasem 63 worth Bt300 million with 99 units, to launch in the third quarter.

The third is Om-Noy Square on Buddhamonthon Sai 4, a mixed-used project with 179 shophouse units, 780 condominium units and a community mall with combined space of 7,000 square metres worth Bt1.78 billion, which will also open in the third quarter.

The fourth project is a condominium project on Rama II Road worth Bt1.6 billion. A study is under way to decide whether the fifth project, to be located on Sukhumvit Road in Bang Pu, will be a commercial building or a residential project.

Meanwhile, the company has sold 52 rai (8.3 hectares) of land on Kallaprapruk Road worth Bt700 million to SC Asset Corporation after suspending a plan to develop a second Vent Nakorn Kasem second-hand-machinery market.

The company's business plan for this year targets presales growth of at least 10% from last year's Bt6.05 billion, Thanongsai said.

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