Nye Estate unveils 2 high-end projects

Property developer Nye Estate Co, a subsidiary of Narai Property, plans to launch two new high-end housing projects worth a combined 1.4 billion baht despite the unfavourable economy, banking on strong demand in the segment and the company's solid financial position.

- KANANA KATHARANGSIPORN

Sutee Limpanachaipornkul, president of Nye Estate, said the new projects mark the company’s first launches in three years, following the debut of Cherkoon Sukhumvit 77 in 2022.

“We don't have financial pressure to launch new projects, but will proceed when we secure a good plot of land,” he said. “These new developments are in the high-end segment, where potential buyers are less affected by the sluggish economy.”

Both new projects follow the same model — a plot of 8-9 rai near the inner city or close to expressways, with roughly 20-25 units per site.