Sansiri, one of Thailand’s prolific property developers, has revealed plans to launch 12 new condominium developments in 2018.
The combined value of these new launches from the Stock Exchnge of Thailand-listed developer, will be THB 33.5 billion and represent 53 percent by value its total planned 31 projects.
Eight single house projects and 11 townhouse developments are also part of its plans for 2018.
“When considering the economic recovery, other positive factors and our solid business direction, we are confident in achieving the presale target as planned,“ said Uthai Uthaisangsuk, the Chief Operating Officer of Sansiri.
“We are also confident of creating a new phenomenon in the Thai property market and putting Sansiri on the world’s property market map more prominently as a most-watched property developer in the international arena.”
Sansiri said its new “Tomorrow is Unfolded” roadmap, detailed yesterday, outlined seven key strategies including growing its presence in the foreign customer segment.
Uthai said: “Last year we launched a holistic corporate transformation project under the ‘Journey for Tomorrow’ concept. Today, our first journey to success has yielded good results in terms of sales and revenues, as well as our serious expansion in the overseas market, and prepared us for a constant strong growth in 2018.”
One of the claims from Sansiri for 2017 was its “significant achievements” in the overseas markets, while maintaining leadership position as Thailand’s No. 1 property developer in the foreign customer segment.
No independent data is available confirming the number of Thailand property sales to foreign buyers.
Sansiri said that during 2017 it saw the sales from its overseas markets increasing to THB 9.3 billion versus a THB 7.5 billion target – and a 72 percent increase compared with 2016.
“During 2018 we foresee three significant trends – domestic and global economic recovery; the sharing economy is changing consumer behaviour and introducing a new way of living; and technology disruption that represents new opportunities for many businesses.”
“We believe that the adaptive ability along with this technology disruption will be winning weapon in becoming the trendsetter of each industry.”
“All these factors contribute to a positive outlook of the property market expansion and spur consumers’ purchasing power,” said Uthai.