SC retains targets amid struggling market

Situation to aid 5 leading developers

- KANANA KATHARANGSIPORN

SET-listed developer SC Asset Corporation is maintaining its 2025 targets for presales, revenue and new project launches, as large players are expected to capture market share amid unfavourable market sentiment.

Mongkut Techolarn, chief operating officer of property development for low rise, said potential homebuyers in this struggling market are likely to shift their interest towards large, reliable developers.

"There are only five residential developers remaining who continue to attract homebuyers and generate sales," he said. "The rest have seen declines, while banks providing mortgages now focus solely on the large players."