L.P.N. Development Public Company Limited (LPN) has made an announcement of 2,737.20 sq.m. land purchasing to develop project for sale on Ratchada – Narathiwas Road.
The total cost for the land purchasing is 821 million baht, and LPN expects to gain benefits from this purchase as follow:
- This plot of land will be developed into a condominium which consisting of 1 building with 30 storeys approximately.
- There are approximately 400 units for residential and commercial.
- Total project value is approximately 3,200 million baht.
- Total development and sell period are approximately 17 months and will be launched in the 4Q18.
- Transfer the right of ownership and revenue will be recognized in the year 2020.
- Gross profit margin is approximately 30%