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Business

Chewathai finds comfort zone with reworked plan

MAI AMC China EIA

An artist's rendering of Chewathai Hallmark Ladprao — Chokchai 4 Phase 2.

MAI-listed developer Chewathai plans to resume land purchases, scale down the size of new projects and start new property-related ventures as it wrangles with the land and building tax and China's strict zero-Covid policy.

Managing director Boon Choon Kiat said the projected full implementation of tax and China's border controls have reshaped the company's business plan and strategy for 2022-23.

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