The development, Banyan Tree Residences Creston Hill, is a luxury branded residence near Khao Yai National Park, around 200km from Bangkok.
KGI Securities has kept its "buy" call and 41 cents target price for Banyan Tree Holdings (SGX:B58
) , citing its recovery from the pandemic and a steady launch pipeline of development properties for sale.
According to KGI, a joint venture between Banyan Tree and Creston Holding achieved presales of some one billion baht of a 17 billion baht phase.
