Connect with us


Phuket Property: Sansiri set to invest heavily this year

Legacy Phuket Gazette



PHUKET: Residential developer Sansiri has earmarked 24 billion baht to launch 44 projects worth 46bn baht this year and to buy land for more projects next year.

“This year we will expand our products to cover all market segments, including units priced lower than 2 million baht and over 10 million baht. This will stress our number one quality brand in the property market,” President Srettha Thavisin said recently.

The investment will be financed 60 per cent from bank loans and debentures and 40 per cent from internal cash flow, he said.

Of the total capital-expenditure budget, 6 billion baht will be spent on acquiring undeveloped land and 18bn baht on construction of the 44 projects.

Of the new ventures, 19 will be condominiums worth 19 billion baht; 15 will be detached-house projects worth 20 billion baht; and 10 will be other projects worth 7 billion baht. One of the new condominium projects will be a luxury complex on Ploenchit Road in Bangkok.

Four or five projects will be in resort destinations such as Chiang Mai, Pattaya, Khao Yai in Nakhon Ratchasima, and Phuket.

For this year, Sansiri targets presales of 32 billion baht and revenue of 28 billion, up 16 per cent from its revenue target of 24 billion last year.

At least 10 billion baht of its presales is expected to come this quarter when it launches many projects during the “Sansiri Life Come Home” fair from February 17-19 at Siam Paragon shopping center in Bangkok.

It will also open the Sansiri Lounge on the third floor of Siam Paragon to build a long-lasting relationship with its customers.

The company expects 30 per cent of its revenue to come from the high-end market, i.e., houses costing more than 10.1 million baht, townhouses priced higher than 7.1 million baht, and condos priced at more than 100,000 baht per square meter.

About 40 per cent of revenue will come from the middle market – houses priced from 5.1 million to 10 million baht; townhouses from 3.1 million to 7 million baht; and condos from 60,000-100,000 baht per square meter.

The remaining 30 per cent will come from the low-end market.

“We believe that the property market this year will grow 7-10 per cent, in line with the estimate of gross domestic product growth of 3.5 to 5 per cent. This will drive our presales and revenue to achieve the targets this year,” he added.

— The Nation


Want more Thailand news from the Thaiger family?

📱 Download our app on Android or iOS for instant updates on your mobile
📝️ Join the conversation on Thaiger Talk - discuss news & life in our Thailand forums
📧 Subscribe to our daily email newsletter
👍 Like/Follow us on Facebook
🔔 Subscribe to or Join our YouTube channel for daily video updates


Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

Archiving articles from the Phuket Gazette circa 1998 - 2017. View the Phuket Gazette online archive and Digital Gazette PDF Prints.

Follow Thaiger by email:

Thailand23 mins ago

Good Morning Thailand | Situation in Hua Hin, bars petition for overturn of alcohol ban, Sandbox

Politics29 mins ago

Thammanat Prompaew said to be PPRP’s next secretary-general

Thailand35 mins ago

Pattaya security guard dies after crashing into garbage truck

Phuket Sandbox July 1st


Thaiger is getting behind local businesses for the restart of tourism in July - up to 50% discounts across all advertising packages in June!

Sponsored by image

Thailand1 hour ago

Killer’s sentence reduced from 10 years to 3, plus community service

Phuket1 hour ago

Over 300 Phuket businesses awarded SHA Plus accreditation ahead of re-opening

Chon Buri2 hours ago

142 new Covid infections in Chon Buri, clusters in market workers and close contacts

Phuket2 hours ago

Phuket 62% vaccinated, Sandbox ready to play in, hopefully

Coronavirus (Covid-19)2 hours ago

Friday Covid Update: 3,058 new cases and 22 deaths

Krabi2 hours ago

Krabi hotels pin hopes on Phuket sandbox success

Tourism3 hours ago

Tourism bodies concerned vaccination uncertainty will disrupt re-opening

Indonesia3 hours ago

Over 350 vaccinated medical workers in Indonesia infected, dozens hospitalised

Coronavirus (Covid-19)11 hours ago

Nightlife businesses petition government to reopen, sell alcohol

Coronavirus (Covid-19)15 hours ago

Koh Larn 70% vaccinated as Pattaya eyes reopening

Economy16 hours ago

BMA extends permits for street vendors to 2 years for stability

Phuket18 hours ago

Expats in Phuket without a work permit can register for a Covid-19 vaccine

Thailand4 months ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism4 months ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket4 months ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism4 months ago

Phuket Thai food treats you need to try | VIDEO

Thailand4 months ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism4 months ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand5 months ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand5 months ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand5 months ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand5 months ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand5 months ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand5 months ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand5 months ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand5 months ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Thailand5 months ago

Thailand News Today | Southern floods, Face mask fines, Thai Air Asia woes | January 8