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Bangkok Condominium Sales – Sansiri Confident

By on Mar 01, 2016 in Property News, Residential

Sansiri is ramping up its mid market and high-end Bangkok condominium development this year as these segments remain healthy.

Uthai Uthaisangsuk, Senior Executive Vice President said the company would develop 11 new condo projects. The combined project value has gone up from 23 billion to 35.1 billion baht. Mr Uthai said 10 of the 11 high rise Bangkok condominium projects would be developed in Greater Bangkok, 6 of theme would be a joint venture with Bangkok Mass Transit System under the Line and the Monument brands. One of these will be 98 Wireless which is a 77 unit luxury project worth 8 billion baht with the highest price per square metre of 630,000 Thai Baht.

Mr Uthai predicts condominium supply in Greater Bangkok will grow 5-10% in 2016 from 165,000 units last year. Of the growth, 30,000 to 40,000 units will be in the mid-market and high-end segments.

Mr Uthai estimated Sansiri’s condo revenue at 23 billion baht last year, up 64% from 2014 and outstripping the target of 22 billion.
Source: Bangkok Post, 24th Feb 2016
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