Bangkok Apartment | Bangkok Serviced Apartments | Bangkok Condos

The luxury home developer Quality Houses Plc plans five new projects worth 7.7 billion baht this year and another 13 worth a combined 21 billion baht next year, according to chief executive officer Rutt Phanijphand.

The company has already launched two townhouse projects: the 450-million-baht Casa City Nuanchan with 112 units and the 480-million-baht Casa City Ramkhamhaeng with 111 townhouses.

Also in the pipeline this year are two detached-house estates: Prukpirom Regent Ratchaphruk-Sathorn with 106 units and worth 3.2 billion baht, and Laddarom Ratchaphruk-Pin Klao with 210 units and a value of 2.1 billion baht. As well, it will build 175 townhouses at the 1.5-billion-baht Casa Ville Grand Ekamai-Rarm Intra development.

Mr Rutt said QH expected 10 billion baht in revenue this year, about 87% generated from sales of housing units and the rest from rental income. During the first six months, the company recorded 5.13 billion baht in revenue, up 26% year-on-year with 474 million baht in net profit, up 111%.

Its revenue in the second quarter was 2.62 billion baht, up 28%, while profit rose 224% to 243 million baht.He said the growth in revenue was the result of business expansion to cover mid-market customers with townhome products under the Casa brand.

QH plans 13 developments worth 21 billion baht next year _ two or more of them townhouses and the rest detached houses. It projects 20% growth in revenue from housing sales next year.

---