• Sansiri anticipates growth in Chiang Mai's real estate market due to the area's potential, positioning it as a livable city at an International level, with the second highest number of international schools in Thailand, following Bangkok. It ranks 2nd among the most livable cities and is listed in the Top 5 Best Places for Expats, making it a popular destination for retirees. The growth trend is supported by mega-project plans, including Chiang Mai Airport 2, which can accommodate 20 million tourists annually, and the high-speed train project connecting Bangkok and Chiang Mai.
  • Continuing with the Strategic Location roadmap, Sansiri is expanding real estate projects in major cities and key tourist destinations, increasing investment in Chiang Mai to cater to the growing demand from both Thai and foreign customers.
  • Reiterating that "Chiang Mai must be Sansiri," the company is moving forward with 4 new projects worth a total of 5.6 billion baht, reinforcing the success and trust in the Sansiri brand among Chiang Mai customers, who value the quality of projects, distinctive designs, and functions that meet residents' needs, along with after-sales service.
  • Recently unveiled is “Setthasiri Ruamchok,” a luxury single-family home project with views of Doi Suthep, featuring dust-free home innovations to combat PM 2.5 and green living technologies, priced between 20 - 35 million baht*. The project has generated significant interest, with bookings exceeding expectations, and a new phase set to launch immediately, with pre-sales scheduled for May 25-26.
  • Meanwhile, “Anasiri Paiyap” offers single-family and twin homes within the same project, under the concept “Feel Just Right,” appealing to the lifestyle of Chiang Mai customers. The first two phases sold out quickly, totaling 50 units, with plans to continue sales in phase 3 this June.
  • Sansiri is also preparing to launch a new condominium in the heart of the city, just 200 meters from Central Chiang Mai, featuring resort-style amenities including a 55-meter Olympic-sized swimming pool and a pet yard. The first high-rise condominium from Sansiri in Chiang Mai, "The Base Height Chiang Mai," is set to boost revenue and drive sales in provincial markets, targeting 10 billion baht this year.

Mr. Anut Kittikulmethee, Senior Vice President of Residential Project Development at Sansiri Public Company Limited, revealed the potential of Chiang Mai, stating that since the beginning of 2024, the overall economy has shown positive signs, creating a vibrant atmosphere in Chiang Mai. This includes an increase in both Thai and foreign tourists, particularly from Korea, Taiwan, Hong Kong, China, and Europe, who are increasingly choosing to stay long-term. Hotel bookings have risen since the start of the year and continue to increase, leading to a growing demand for housing. Chiang Mai is recognized as an Internationally livable city, ranking second in Thailand for international schools, and has been featured in several international rankings, including 2nd most livable city by Conde’ Nast Traveler and Top 5 cities for Expats by International Living. The city is also noted as a top travel destination worldwide by Travel & Leisure. The growth trend is further supported by mega-project plans, including Chiang Mai Airport 2 and the high-speed train project connecting Bangkok and Chiang Mai, along with a continuous increase in the population of Chiang Mai from 2021 to 2023 and the influx of high-skilled foreign workers, reflecting confidence and a rising economic expansion trend. This aligns with Sansiri's key business plan for 2024, which aims to increase investment in major cities and high-potential tourist destinations with clear infrastructure development plans through the Strategic Location strategy. This year, Sansiri plans to develop 4 residential projects in Chiang Mai, with a total project value of 5.6 billion baht, including 2 horizontal projects and 2 condominiums, covering nearly all customer needs.

Mr. Anut Kittikulmethee, Senior Vice President of Residential Project Development at Sansiri Public Company Limited

"Sansiri is an integral part of Chiang Mai, having developed both condominiums and single-family homes, totaling 15 projects with a cumulative investment value of 16.5 billion baht. We have successfully developed projects that meet the needs of all customer segments and are recognized as a leading real estate company trusted by Chiang Mai customers for the quality of our projects, distinctive designs, and functions that cater to residents' needs, along with after-sales service for all customer groups," Mr. Anut stated.

Entering the horizontal market, launching “Setthasiri Ruamchok,” a luxury single-family home project with views of Doi Suthep, featuring dust-free home innovations to combat PM 2.5.

Recently, Sansiri launched a luxury single-family home project under the Setthasiri brand, building on the success of the Setthasiri San Sai project, with the latest single-family home project "Setthasiri Ruamchok" featuring views of Doi Suthep in a Modern Classic style that is simple yet distinctive and contemporary in every detail. It is a Timeless Design that will stand the test of time, featuring all functions, including dust-free home innovations to combat PM 2.5 and green living technologies, such as solar panels installed in every home and EV chargers for electric vehicles. Additionally, it enhances living standards with the LIV-24 security technology from Sansiri. The project's location in the "Ruamchok" area is considered one of the economic centers of Chiang Mai, experiencing significant growth with the expansion of well-known shopping centers and commercial areas, as well as proximity to educational institutions and healthcare facilities, making it easily accessible to various areas in Chiang Mai.

The Setthasiri Ruamchok project spans 29 rai with a total of 84 units, featuring two-story single-family homes priced from 20 - 35 million baht*. There are 4 house designs to choose from, with usable areas ranging from 251-407 square meters. The largest house design, GRANDEUR, stands out with its Double Volume Living function, featuring a welcoming hall over 6.4 meters high, and includes 5 bedrooms. The project offers complete amenities to support every family member's lifestyle, such as a clubhouse, saltwater swimming pool connected to garden areas, children's pool, fitness center with various equipment, communal garden, co-working space, and Sansiri Backyard for vegetable gardening, among others.

“Setthasiri Ruamchok has received an excellent response from customers, with the first viewing at the end of March resulting in over 200 visitors in just two days. Interest has continued to grow, leading to the first phase selling out before the official sales launch, with a new phase set to open for sales on May 25-26,” Mr. Anut stated.

Launching the “Anasiri” brand for the first time in Chiang Mai, with overwhelming response.

Mr. Anut continued, stating that the Anasiri Paiyap project has successfully sold out two phases, totaling 50 units, after launching pre-sales in February. The project features a product range that includes both single-family and twin homes, under the concept “Feel Just Right,” appealing to the lifestyle of Chiang Mai customers, with prices suitable for first-time homebuyers looking for value, including brand, price, functions, and communal areas that meet residents' lifestyles. The project is set to continue sales in phase 3 this June.

Anasiri Paiyap is a project that includes both single-family and twin homes, designed as a Modern Barn house, inspired by Western barns. It is simple yet warm, considering a balanced lifestyle in all aspects, including relaxation and work, with beautiful designs and practical functions. The project consists of 101 units with 3 house designs to choose from: GLEN, a twin house of 145 square meters with 4 bedrooms; DALE, a single-family house of 156 square meters with 4 bedrooms; and LARK, a single-family house of 235 square meters with 4 bedrooms, complemented by comprehensive communal facilities such as a large clubhouse, lush communal areas, a fully equipped fitness center, a saltwater swimming pool, a playground, Sansiri Backyard, and LIV-24 security technology for 24-hour safety assurance. The project is located in the heart of Chiang Mai, near the superhighway and Central Chiang Mai, just 15 minutes to Nimmanhaemin and Chiang Mai Airport, with prices ranging from 8 - 13 million baht.

Transferring “The Base Height Chiang Mai” to support strong revenue growth, with plans to launch a new condominium from Sansiri in the heart of Chiang Mai.

Sansiri is also prepared to support the growth of the condominium market in Chiang Mai, catering to demand comprehensively. The company is set to launch a new condominium in the city center, just 200 meters from Central Chiang Mai, featuring resort-style amenities, including a 55-meter Olympic-sized swimming pool and a pet yard. The spacious one-bedroom units start at 2.99 million baht, and two-bedroom units start at 5.59 million baht*. Show units are available for viewing today, with discounts of up to 400,000 baht* at the sales office in Soi D Condo. Additionally, the transfer of “The Base Height Chiang Mai,” the first high-rise condominium from Sansiri in Chiang Mai, is just 3 minutes from Central, featuring views of Doi Suthep and Doi Saket from the units, along with upgraded PM 2.5 dust filtration functions in all common areas. The project has already achieved over 70% sales and is ready for viewing today, with special discounts of up to 150,000 baht and free appliances*, starting at 2.69 million baht*.

"Sansiri believes that Chiang Mai customers will continue to respond positively to all projects, which will enable Sansiri to achieve its sales target of 10 billion baht from provincial markets as planned for this year,” Mr. Anut concluded.