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Sansiri projects

Property firm Sansiri has inflated its business plans for this year by announcing its intention to add eight new residential projects to 11 already launched in 2009, making a total of 19 for the year, with a market value of Bt23.5 billion.

Its original plan was to launch only 16 projects worth Bt20 billion this year. The increase comes following presales of Bt9.2 billion in the first half.

"We believe demand for residential projects is recovering," said president Srettha Thavisin.

"That is confirmed by our presales in the first half of this year: Bt6.1 billion in the first quarter and Bt3.1 billion in the second."

Condo presales

Asian Property Development will launch its latest condominium project, Life @ Lat Phrao 18, by offering discounts of up to Bt200,000 and zero interest on down payments made via Siam Commercial Bank credit cards.

Senior vice president Visanu Suchatlumpong said the first phase of Life @ Lat Phrao 18 would have 457 units worth Bt1.5 billion. Presales will open on Saturday, with prices starting at Bt2.63 million a unit.

"We believe demand for residential properties has now recovered. The company recorded presales of Bt5.2 billion in the first half of the year, meeting our target," he said.

LPN units

LPN Development has launched its latest condominium project, Lumpini View Rat Burana River View, with a starting price of Bt1.2 million a unit.

However, presales will open on Saturday with a promotional price of Bt999,000 a unit.

Managing director Opas Sripayak said the project would have two buildings on 5 rai of land, offering a total of 1,028 units with a combined market value of Bt1.5 billion.