Thanasiri retains revenue growth target

MAI-listed developer Thanasiri Group has maintained its 15% revenue growth target this year, supported by the launch of a new upper-end low-rise housing project that is expected to capitalise on strong demand and high purchasing power in this segment.

- KANANA KATHARANGSIPORN

Chief executive Sutthirak Satean-raphap-a-yut said demand for low-rise housing in the high-end segment remains strong, buoyed by greater borrowing capacity compared with the lower to middle-income segments.

"This segment will be key to achieving our 15% growth target this year, despite persistently challenging market conditions since the fourth quarter of last year, carrying over into the first quarter this year," he said.

Last year Thanasiri recorded revenue of 1.23 billion baht, representing 10% growth from 1.1 billion in 2023.

However, this fell short of its 15% target due to weakened housing demand during the final quarter amid an economic slowdown.