The new project will be Sahapat’s joint venture with Tokyo Company from Japan, developing houses together for rental purposes with Japanese residents as their main targets. The project will be located near J-Park, Sahapat’s Japanese-styled community in Sriracha, an area of Chonburi province where many Japanese people work and reside.
“Though we own many pieces of land in Bangkok and other provinces, they are not yet fit to develop projects on,” said Mr. Boonkiat. “We are also waiting for proper investing opportunities, since real estate is not Sahapat’s core business. In the second half of the year, the overall economic image is expected to significantly improve, since both Thai and foreign consumers and investors are confident in General Prayuth Chan-ocha.”
“Thailand will soon resume its normal state, but there are corruption problems which the government should consider to be in urgent need of a solution,” said Mr. Boonkiat. “For the energy industries, having the government take charge will help make the most profit for Thais,” he said. “As for decelerated public utility system projects, we would like them to be reconsidered.”