Thai Rath: PACE holds 13.5 billion baht backlog
19 May 2015
PACE is holding a backlog worth a total of 13.5 billion baht, comprising 8 billion baht sales of The Ritz-Carlton Residences, Bangkok at MahaNakhon and 5.5 billion baht sales from Nimit Langsuan. All sales will be recognized over three years period. By the fourth quarter this year, PACE will start transferring its first phase of The Ritz-Carlton Residences. Also, the company now has 100% ownership of its flagship MahaNakhon mixed-use development which will strengthen the company’s management potential, while enabling full revenue increase for PACE.
