SET-listed developer Supalai Plc (SPALI) is less confident about achieving its presales target of 23 billion baht in the wake of the deadly bomb blast in Bangkok.

Deputy managing director Tritecha Tangmatitham said the company had not yet revised its presales target, but it would be more difficult to achieve amid the poor economic climate exacerbated further by Monday night's incident.

"Hope in a market recovery in the second half is becoming more challenging, thinner," he said. "But it's too soon to evaluate the situation. We'll monitor it month to month."

In the first seven months of this year, Supalai recorded 10 billion baht in presales -- 5.5 billion from low-rise houses and 4.5 billion from condominiums.

The company is not worried about second-half revenue, as its sales backlog totalled 36.9 billion baht as of June 30, of which 11.2 billion will be realised by year-end.

"We're confident condo buyers will have their units transferred, as projects to be completed in the second half hit a 100% sales rate," Mr Tritecha said. "If customers refuse to have their units transferred, we can resell them at a price 20% higher from the launch date."

Mr Tritecha said Supalai planned to launch five new condo projects worth a combined 10 billion baht by year-end but could postpone two or three if market sentiment was unfavourable.

"Condo speculators have faded away, which lowered the take-up rate at new projects we launched in the first half," he said.

Mr Tritecha said low-rise projects would remain on track with eight new ones worth 8 billion baht, as this segment enjoyed real demand and a reduced number of competitors due to a slowdown among small developers.

Supalai has a 6-billion-baht budget to buy new land and remains confident land prices will keep rising, driven by the planned new mass-transit lines.

The company posted a first-half net profit of 1.86 billion baht, up by 47% year-on-year, on revenue of 10.1 billion, up by 73%.

SPALI shares closed yesterday on the SET at 16.60 baht, down 30 satang, in trade worth 202 million baht.