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Thailand Property Developers Post Strong Presales in First Quarter

By on Apr 16, 2015 in Property News, Residential

3 listed property developers have posted high presales for Q1. This is due to strong demand in the residential market. Sansiri yesterday announced presales worth Bt4 billion in the period, double the amount achieved in the same 3 months last year. Property Perfect reported first-quarter presales worth Bt2.9 billion, some 23 per cent higher than a year ago.

Sansiri also plans to launch 2 condominium projects worth Bt7 billion combined during this quarter. The first will be the Bt1.4-billion Monument and following this The Line, worth Bt5.6 billion. These are being developed as a joint venture between BTS Group and Sansiri. Property Perfect plans to launch nine residential projects. Combined these projects are worth Bt10.92 billion this quarter. This is due to an increase in demand. Supalai recorded presales worth Bt3.2 billion in the first quarter, nearly the same as in the first three months of last year. The company succeeded, however, in transferring Bt4 billion worth of residential units to customers during the quarter. This is double the amount in the same period last year. This is all due to an increase in demand.

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