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Sansiri to Match State Stimulus for Bangkok Townhouses

By on May 20, 2016 in Property News, Residential
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Khao Yai Condo by Sansiri

The SET Listed developer, Sansiri PLC is reported as being prepared to offer incentives on a par with the government’s property stimulus package that expired in April if sales don’t pick up.

Metha Angwatanapanich, senior executive vice-president for business and project development, said Sansiri will monitor sales at low-rise housing projects this month after property tax incentives ended on April 29th. “We aim to have sales of 1 billion baht per month during May to September from single-house and townhouse projects,” he said. “If performance fares worse than the target, we will offer a reduction in transfer and mortgage loan fees to 0.01%, the same as the property tax incentives.” He also said demand remained strong in low rise houses, priced 8 – 10 million baht as potential buyers in this pricing segment were less affected by the economic slowdown.

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Khao Yai Condo by Sansiri

Sansiri is also planning to launch 11 condo projects.

Source: Bangkok Post, 10th May 2016
For the full article click here.

Nora has been in the Corporate Communications arena for a number of years. Nora's role is to communicate all newsworthy items that are of a PR nature.

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