[THAILAND ECONOMIC NEWS] Good morning, everyone. I’m Kim suhyeon staff of Kamagroup Pvt. Ltd. Here I have an important Thailand economic news to share with you which is as undermentioned.
[BANGKOK] A leading Thai residential developer is scaling back its ambitions for new projects this year, as mortgage curbs and a weaker economy dim the outlook for Bangkok's once-booming condominium market.
Sena Development Pcl expects to start marketing 13 residential projects worth about 10 billion baht (S$422.7 million) in 2019, but would have preferred to launch more, deputy chief executive officer Kessara Thanyalakpark said in an interview Friday.
"All the negative news about property and the economy led us to be more cautious," Ms Kessara said. "There's been a shift to focus more on the quality of new buyers rather than quantity, to avoid people who abandon purchases or struggle to get mortgages."
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