Krisdamahanakorn restructuring to keep up with market changes.

Byline: Kanana Katharangsiporn

Aug. 22--The listed developer Krisdamahanakorn Plc (KMC) is restructuring in line with the changing property market and plans to launch four new projects to achieve two billion baht's worth of sales by the end of the year.

The company successfully left the Stock Exchange of Thailand's Rehabco (Companies Under Rehabilitation) sector in 2003 to return to the property sector.

"We will do more research, study project feasibility before development and have separate budgets for each project, as the property market has changed and the sector slowed down in the first half of the year," said Wirat Aiew-aksorn, a director and …