Sansiri is thrilled to report that in the past 10 months, condo transfers have surged to over 11.3 billion baht, nearly 90% of its transfer target, prompting a new target of 14.5 billion baht for condo transfers, a 12% increase from the previous target of 13 billion baht. The company has already achieved condo sales exceeding 15.8 billion baht (75% of the target of 21 billion baht), with four projects sold out, totaling 5.9 billion baht. The response to condos in urban areas and tourist destinations has been positive across all projects.

Mr. Ongart Suwannakul, Senior Assistant Managing Director of Condominium Project Development at Sansiri Public Company Limited (SIRI), a leading real estate developer in Thailand, stated, "Sansiri has seen significant success in the handover and transfer of completed condominiums this year, as evidenced by customer responses during the handover inspections, with over 80% participation in the Welcome Home events across all projects. This reflects customer confidence in both project quality and after-sales service provided by Plus Property, which meets all needs for a good and sustainable living experience for residents. As a result, in the past 10 months, Sansiri has achieved condo transfers of over 11.3 billion baht (nearly 90% of the target of 13 billion baht), while condo sales stand at 15.8 billion baht, representing 75% of the target of 21 billion baht. Recently, four condominium projects have sold out, including Edge Central Pattaya, D Condo Phana, The Move Bangna, and Wye Phothisar Pattaya. As of October 2023, Sansiri has only 6.9 billion baht worth of ready-to-move-in condos, which is a suitable level due to effective management of the sales portfolio. New condos in urban areas and tourist destinations have received excellent responses across all projects, particularly in Phuket, where The Base Rise has achieved over 70% sales, and Canvas Cheung Thale has received very positive feedback from international customers."

“The success of Sansiri’s ready-to-move-in condos this year has led the company to revise its condo transfer target for 2024 from the original 13 billion baht to 14.5 billion baht, an increase of 12% from the previous target, following outstanding performance exceeding transfer targets in every quarter, including the past 10 months. Furthermore, Sansiri continues to grow robustly and drives success through its business strategy of developing condominium projects in strategic locations in urban areas and tourist destinations, while diversifying its product portfolio to cover all segments and price levels. We conduct thorough market research on location potential, surrounding amenities, and customer demand in the area to develop projects and launch marketing campaigns that meet all customer needs, alongside enhancing project quality and after-sales service standards, which are key strengths that enable us to grow strongly amid current challenges,” Mr. Ongart added.

The Economic and Business Research Center of Siam Commercial Bank (SCB EIC) has revealed the real estate market outlook for 2024-2025, stating that currently and in the next 1-2 years, the condominium market will remain quite popular compared to other types of housing. This is due to buyer behavior prioritizing location, convenience of transportation, and proximity to amenities. Moreover, over 80% of condominiums are priced below 5 million baht, making them more accessible to middle- to lower-income earners compared to horizontal housing, which is priced higher for similar sizes in the same location. SCB EIC predicts that the number of condominium ownership transfers in Bangkok and its vicinity in 2024 will be the only housing type that can stabilize or see only slight contraction.

Mr. Ongart stated, "In the final stretch of this year, Sansiri will continue to actively showcase sample rooms at The Base Wongsawang and prepare to hand over D Condo Air Ladkrabang, developed in collaboration with Tokyu Development (Thailand). We will also unveil D Condo Vivid Rangsit for the first time, continuing into 2025. We plan to enhance our competitive capabilities in the future through new project launches, especially in inner and midtown Bangkok, as well as in Phuket, Chonburi, and Chiang Mai, while building on the success of our strategy to expand our product portfolio to meet all customer needs."

The Base Wongsawang (THE BASE Wongsawang), valued at 2.2 billion baht, features Loft Unit rooms with a ceiling height of 4.7 meters and over 1.2 rai of amenities, including a co-working space, gym, weight training room, garden, sky lounge with city views, and a pet park catering to animal lovers. It is located just 240 meters from the MRT Wongsawang station and 10 minutes from Central Ladprao and King Mongkut's University of Technology North Bangkok. Prices start at 2.39 million baht, with sample rooms available for viewing today and pre-sales starting in early 2025. Register for special offers: https://siri.ly/Rm4WujB

D Condo Air Ladkrabang (dcondo air Ladkrabang), valued at 1.1 billion baht, is a ready-to-move-in condominium developed in collaboration between Sansiri and Tokyu Development, located on Ladkrabang Road, just 10 minutes from Suvarnabhumi Airport and 6 minutes to the Ladkrabang Airport Rail Link. The project consists of low-rise condominiums with 8 floors, comprising 541 residential units with usable areas ranging from 23.50 to 46.50 square meters, fully furnished, starting at 1.75 million baht, or an average of 78,000 baht per square meter. The average rental yield is as high as 6% per year. The actual building and sample rooms are open for viewing today. Register for special offers: https://siri.ly/SkquoLB

D Condo Vivid Rangsit (dcondo vivid Rangsit) is a new condominium located directly across from Bangkok University, featuring complete amenities within the Sansiri community, providing convenient access to the university with a bridge leading directly to it, just 130 meters away. This project is expected to be completed in early 2025, with shuttle services to the university, offering great value for investors with an average rental yield of 8-10%. With strengths in well-being, safety, and privacy, it is anticipated to receive positive responses similar to D Condo Hype Rangsit, which currently has 80% of residents moved in. Register for special offers: https://siri.ly/2V72z2B

 

Sansiri's condominium business is continuously developing its competitive capabilities while maintaining its position as the number one player in the residential real estate sector. The company is advancing condominium project developments and implementing strong marketing strategies that meet consumer demands across all segments, including design, functionality, quality, and service throughout the entire living experience. Sansiri aims to offer a lifestyle that goes beyond expectations while ensuring high standards of care for a better life for everyone every day, as evidenced by four major awards in the Thai real estate industry, including the Property of the Year Awards 2024 by Business+, the number one brand in the condominium sector from Marketeer No.1 Brand Thailand 2024, Best Developer by PropertyGuru Thailand Property Award 2024, and awards from Livinginsider Developer Awards 2024.

 

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