• Sansiri is moving forward with its strategic plan RESILIENT GROWTH to expand investment opportunities with new business partners for joint project development.
  • Recently, the Japanese real estate giant “Mitsui Fudosan Asia Development (Thailand) Co., Ltd.” is confident in the Thai economy and continues to invest in real estate.
  • Partnering with “Sansiri” to establish a joint venture to develop two key projects: “Narasiri Bangna Km.10” and “Burasiri Jatujoti” with a total value of over 6 billion baht.
  • Ready to move forward with long-term partnerships looking for opportunities to develop new projects in the future.

Sansiri Public Company Limited, a leading real estate developer in Thailand, has announced a significant year-end collaboration with Japanese investment firm Mitsui Fudosan Asia Development (Thailand) Co., Ltd., a major Japanese real estate company, to establish a joint venture for the development of two horizontal projects: Burasiri Jatujoti, located in the developing Jatujoti Community, covering over 184 rai, and Narasiri Bangna Km.10, one of the key brands in Sansiri 10 East, a new luxury community of over 165 rai along Bangna-Trad Road Km.10. The highlight is that both projects are located in the Sansiri Community (10 East Bangna Km.10 and Jatujoti, which is under development). Sansiri aims to create the Sansiri Community model in each location where it develops projects, enhancing it into a complete living society, including masterfully designed projects for sustainability that fulfill all family activities, creating a quality community amidst a quality environment, conveniently located, and providing after-sales services that ensure the projects remain timelessly beautiful, just like the first day of moving in, as assets that can be passed down as a legacy to future generations. This joint venture is expected to provide opportunities for exchanging knowledge in sustainable housing development, leading to the creation of new products and establishing luxury project development standards as a Global Brand together, with both projects anticipated to launch next year (2025).

Mitsui Fudosan Asia Development (Thailand) Co., Ltd. (MFADT) is a subsidiary of Mitsui Fudosan Co., Ltd. in Thailand, established in 2017, responsible for investment and real estate development activities of Mitsui Fudosan in Thailand. The Mitsui Fudosan Group has developed businesses in cities across the United States, the United Kingdom, and other Western countries, as well as in China, Taiwan, Southeast Asia, India, and Australia, in line with the INNOVATION 2030 vision set earlier this year, aimed at driving overseas business and enhancing operations for significant expansion.

Sansiri expresses gratitude to the Mitsui Fudosan Group, a major Japanese real estate developer with expertise in various fields, for recognizing the potential and growth opportunities in the Thai luxury real estate sector, as this market is driven by real demand, where Sansiri is a market leader, with many projects sold out quickly. With 40 years of real estate development experience and as a Taste-Maker brand that understands every detail of living, Sansiri creates superior living experiences.

The collaboration plan with Mitsui Fudosan Asia Development (Thailand) is part of Sansiri's strategy under its business plan for its 40th year, “NAVIGATING THE FUTURE: RESILIENT GROWTH,” to drive the organization while being prepared for all situations and maintaining its leadership position in the residential real estate development business, ready to expand investment opportunities with new business partners for joint project development. Recently, it announced its performance for the nine-month period ending September 2023, with total revenue ranking first in the real estate sector at 28,877 million baht, primarily from luxury and super-luxury single-house projects where Sansiri is the market leader, with a net profit of 4,009 million baht, and plans to launch another 15 projects worth 15,000 million baht.

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