Money & Banking: PACE sets MahaNakhon sales target at 70 percent for 2014
23 July 2014
Sorapoj Techakraisri, Chief Executive Officer of PACE Development Corporation Plc. said that the company targeted that the sales figure of The Ritz-Carlton Residences, Bangkok at its MahaNakhon development will reach 70% by the end of 2014. Since the start of this year, the company has registered sales worth 1,000 million baht for The Ritz-Carlton Residences, Bangkok because the ownership of the property has been changed from leasehold to freehold. The board of directors of the company approved fund with a value of 1,500-million-baht to buy the land, resulting in the increase of the development value by 2,000 million baht.