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Sansiri to Match State Stimulus for Bangkok Townhouses

By on May 20, 2016 in Property News, Residential

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.


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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