Sansiri Public Company Limited, the No.1 residential property developer in Thailand, has recently appointed CBRE Thailand Residential Sales Services team as the joint sales agent for Baan Mai Khao, Sansiri’s first premium-class beachfront condominium development on Mai Kao Beach, Phuket…
“Our presales were high in the first quarter thanks to our business expansion in the provinces, where we had positive feedback from the market such as for our new projects launched in Khon Kaen, Phuket, Hua Hin, Pattaya and Rayong,” he said. Meanwhile …
Residential projects worth Bt100 billion to be launched Buoyed by the high presales and total revenue in the first half of this year, the top-10 property firms listed in the Stock Exchange of Thailand (SET) plan to launch new residential projects worth more than Bt100 billion in the second half of this year. A survey [...]
Thailand’s listed property firms reported robust profits last year despite negative factors including political unrest, rising interest rates, and the end of tax incentives last June. Sansiri recently reported a consolidated net profit of THB1.898 billion (US$62.39 million) last year, rising 18 per cent year-on-year, on revenue of THB18.75 billion (US$617.18 million), up 7 per [...]
Thai listed developer Sansiri has revised its 2010 sales target up to THB25 billion (US$822 million) and increased its land purchase budget from THB7 billion (US$230.2 million) to THB10 billion (US$328.8 million) as it plans to jump into the low-priced housing market during the last quarter of the year. The company earlier set its sales [...]
Bangkok’s residential development spotlight has shifted to the city’s northeastern suburbs, where under the pressures of changing consumer demand in the current tough economic climate, property developers are rushing to compete on what they see as the city’s most promising location.
The top 10 property developers in the Thai market are preparing to launch new residential projects worth more than Bt30 billion as they glimpse what some believe are the first signs of improvement in home-buyer confidence.
Thailand’s second largest property developer, Preuksa Real Estate Plc, says its sales figures for the first two months of 2009 have improved markedly since December 2008, and the firm is now targeting sales of Bt3 billion for the first quarter of this year.
Plus Property Co, a subsidiary of the listed developer Sansiri Plc, still sees a positive trend in the apartment rental market with rising occupancy rates, especially in the high-demand Sukhumvit area, says Anukul Ratpitaksanti, deputy managing director for asset management.
Sansiri’s president, Srettha Thavisin, is confident in the face of economic gloom – confident mainly in the strength of the managements steering the Thai private sector.
A star in its own right, Hua Hin continues to make its mark as a prime resort for all nationalities. Hua Hin and its surrounding seaside destinations – from Cha-am in the north to the beaches of Pran Buri in the south – have all felt the impact from the global financial crisis. Political problems [...]