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Bangkok Condo Developer Has 8 Projects Cleared for Launch

By on Jun 09, 2015 in Property News

The Bangkok condo and SET-listed developer Sansiri Plc (SIRI) is planning to launch another 8 condo projects this year. SIRI is encouraged by the strengthening economy, low interest rates and infrastructure plans from the government.

“Developers have to adjust to launch residential projects that will attract the right buyers,” Mr Uthai said (Senior Executive Vice-President). “Moreover, relatively high household debt is a negative factor that puts further pressure on the Thai residential market.”

All of the new projects are close to mass-transit routes and are targeting the middle and high-end markets at 130,000 to 300,000 baht per square metre. Amazingly, Sansiri launched their first condominium project on 16th of May and sold out within 1 day of pre-sales.

Sansiri begun pre-sales of their second project, The Line Jatujak-Mochit at the end of May. The project is being promoted in Thailand, Hong Kong and Singapore.  This project has 841 units at around Bt130,000 per square metre.

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