• Continuous Revenue Growth – Through a strategy of portfolio adjustment targeting premium-luxury housing demand, as well as a focus on strategic locations in high-potential tourist cities, demonstrating excellent adaptability in all situations.
  • Strong Financial Position – Ensuring investor confidence as evidenced by overwhelming demand for all bond offerings.
  • Maximizing Returns for Shareholders – With consistently growing profits, the board recently approved a dividend payment for the second half of the year at 0.08 Baht per share, totaling 0.15 Baht per share for the year, representing a 9% Dividend Yield, making it one of the leading real estate companies that has consistently paid high dividends over the years.
  • Stimulating Sentiment for 2024 – Preparing to launch 29 new projects valued at 52 billion Baht, including the upcoming 'Narasiri Bangna Km. 10' project worth 4.1 billion Baht, a highlight of SANSIRI 10 EAST, a new luxury community in Bangna, located in the heart of the eastern economic zone.

Mr. Vicharn Viriyaputhit, CEO of Finance at Sansiri Public Company Limited (SIRI), a leading Thai real estate company, stated, “Sansiri has effectively achieved its operational results for the year 2023, with total revenue of 39.205 billion Baht, showing slight growth from the previous year. Total sales increased by 2% from 49 billion Baht to 50 billion Baht (63% from horizontal projects, 37% from condominiums). Meanwhile, transfer volumes grew by 13% from 38.8 billion Baht to 43.7 billion Baht (66% from horizontal projects, 34% from condominiums). This success is attributed to the strategy of portfolio adjustment to target premium-luxury housing demand, as well as focusing on strategic locations in major tourist cities. The sales and transfer volumes of single-detached houses and townhomes grew in tandem, while condominium sales saw a slight increase, reflecting the demand for condominiums in Bangkok and certain provinces that have improved, supported by foreign demand and the desire for residences near BTS lines or educational institutions for Thais.”

Importantly, Sansiri has maintained a net profit level of 5.253 billion Baht amidst high competition, reflecting that Sansiri can sustain stable growth in terms of revenue, sales, and transfers, countering the economic conditions and the gradually recovering real estate market, demonstrating a strong strategy for adapting to various situations, along with a robust financial position that has garnered high confidence from investors, as evidenced by the successful bond offerings that exceeded expectations, with overwhelming subscriptions and rapid closures of bond purchases, reflecting investor confidence in the strength of the Sansiri brand.

Sansiri is also committed to maximizing returns for shareholders from consistently growing profits. Recently, the board meeting approved a dividend payment for the second half of the year at 0.08 Baht per share (with the record date for shareholders entitled to dividends on March 17 and payment on May 20). Including the interim dividend paid earlier this year at 0.07 Baht, the total annual dividend is 0.15 Baht per share, representing a 9% annual Dividend Yield, making Sansiri one of the leading real estate companies that has consistently paid high dividends over the years.

2024 remains a challenging year for the real estate sector, but there are positive signs from the recent reduction of the policy interest rate from 2.25% to 2% per annum, which is expected to benefit those looking for new homes, helping them make quicker decisions and increasing access to credit. However, the LTV (Loan-to-Value) policy remains a significant limitation that the real estate sector hopes will be relaxed by regulatory authorities. Under the current requirements, home buyers for properties priced over 10 million Baht must make a down payment of at least 30%. If LTV is adjusted downwards across all price levels, it would significantly stimulate purchasing power in the market.

“Sansiri remains committed to developing its business and continuing to grow strongly while placing importance on society and environmental care continuously, which is believed to be a crucial part of creating sustainability for the future with a business plan under the concept of Dynamic Growth. We plan to launch 29 new projects valued at a total of 52 billion Baht (14 horizontal projects and 15 condominium projects), aiming for sales of 53 billion Baht and transfer targets of 46 billion Baht in 2024. We are preparing to expand our luxury product portfolio with the launch of 'Narasiri Bangna Km. 10' valued at 4.1 billion Baht, one of the highlights of SANSIRI 10 EAST, a new luxury community in Bangna, which will soon be revealed in a Private Viewing, along with plans to launch projects in strategic locations such as Phuket and Pattaya, following the excellent response received last year,” Mr. Vicharn stated.

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