LH bracing for turbulence: Developer seeks more rental income.

Byline: Krissana Parnsoonthorn

Apr. 28--The residential developer Land & Houses Plc (LH) is focusing on growing its rental income base as a safety fund in the case of a poor economy.

The SET-listed developer aims to generate up to one billion baht in rental income by 2008, said its president and CEO Anant Asavabhokhin.

"We did suffer and rarely sold houses during the [1997] crisis. If we had rental projects, we would still have earned some [money]. This prompted us to consider building a solid base of rental income for the future," he told the company's annual shareholders' meeting yesterday.

LH currently has five rental projects, including …