CP Land plans Bt4 billion worth of investments in 2019
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CP Land Co Ltd, a property arm of Charoen Pokphand Group, plans to invest up to Bt4 billion this year, chiefly in the development of residential projects, office buildings, hotels, industrial estates and alternative energy.
Chief executive officer Sunthorn Arunanondchai said on Friday the company expected the investments to earn a net profit nearly matching that of last year – about Bt900 million.
“This year there is less property for sale than last year, when market demand dropped, but we have recurring income from offices, hotels and property management fees,” he said.
