Newspaper article from our research archive:

Grand Unity plans B3bn condo project.

Byline: Kanana Katharangsiporn

May 16--Condominium developer Grand Unity Development Co Ltd plans to acquire an unfinished building and develop it into a condominium project worth three billion baht by the third quarter of this year.

Company's managing director Tossaporn Saksanguanmanoon said the abandoned building was a non-performing asset located in a prime area of Bangkok. He declined to identify the project, saying that negotiations were still under way.

"We expect to finalise the deal within the second quarter of the year. Development and sales will start by the third quarter," he said.

Selling prices of the new condo project are roughly set at around ...

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