• Sansiri (SIRI) closed the first quarter with sales of 15 billion baht, total revenue of 6.891 billion baht, and net profit of 814 million baht.
  • Proactive business planning to prepare for the market recovery with a backlog of over 22 billion baht waiting to be recognized and several RTM projects.
  • Positive factors stimulating purchasing power include measures to reduce transfer and mortgage fees, relaxed LTV measures, and a downward trend in interest rates.
  • Significant increase in sentiment in the horizontal housing segment covering all segments, especially in the luxury group where Sansiri excels and holds a leading market share.

Mr. Vicharn Wiriya-pusit, CEO of the Finance Division of Sansiri Public Company Limited (SIRI), a leading real estate company in Thailand, stated, "The Q1/2568 performance of Sansiri reflects the market conditions during this transitional period, with sales reaching 15 billion baht (+25% YoY), the highest growth compared to the same period in 2566 and 2567. Total revenue was 6.891 billion baht, and net profit was 814 million baht. The company maintains a strong and stable financial position, well-prepared to handle market volatility, as reflected by investor confidence in the offering of subordinated debentures resembling equity or Perpetual Bonds, which received a positive response, with many investors showing interest and expected to open for subscription in the last week of June this year."

Although the first quarter of the year faced challenges, Sansiri is confident that the real estate market will begin to recover due to several supportive factors, such as the implementation of measures to reduce transfer and mortgage fees to 0.01% for residential properties priced below 7 million baht, continuing until 2569, and the temporary relaxation of LTV measures, along with a 0.25% reduction in the policy interest rate to 1.75% per annum, which is a continuation from the previous meeting. These factors will make it easier for customers to make decisions. The real estate market in major tourist destinations, such as Phuket, continues to see purchasing power from the expansion of tourism and service businesses, expected to be another driving force stimulating demand and attracting investment into the country. Notably, the demand for horizontal housing has significantly increased across all segments, especially in the upper-end residential market where Sansiri excels and holds a leading market share in the country.

“Sansiri continues to follow its strategic plan while closely assessing the situation to maintain stability and sustainable growth in the long term with a robust management strategy and strong financial liquidity, enabling potential long-term growth from the gradual recognition of revenue from ready-to-transfer projects and the launch of new projects that meet market demand, along with a backlog of over 22 billion baht waiting to be recognized,” Mr. Vicharn concluded.

Highlights of new and ready-to-transfer projects include:

  • Narasiri Bangna Km. 10, priced between 60-150 million baht, under the Sansiri Luxury Collection portfolio, featuring exclusive luxury single houses with only 56 units, with a total project value of over 4 billion baht, located in the new SANSIRI 10 EAST luxury community, pre-sale on May 24-25 (schedule a visit: https://siri.ly/3UahWn3).
  • VIA 34, a low-rise luxury condominium in the prime location of Sukhumvit, just 350 meters from BTS Thonglor, the pinnacle of craftsmanship, with only 45 families to own, set to unveil in June (for more information: https://siri.ly/JxqxIQ4).
  • DEMI Rama 9 – Meng Jai, starting at 27.9 million baht, a townhouse with only 18 families, located in the best prime location in the Rama 9 – Meng Jai area, featuring freehold land, one of the few remaining in this area, expected to sell out immediately upon opening for reservations (register for VVIP booking rights at https://siri.ly/ZUyGVa4).
  • Ready-to-transfer condominiums in Phuket, including The Base Rise and The Base Bukit, ready to meet the demand for both residential and investment markets (for more information: https://siri.ly/Wntigx5).

In terms of sustainability, Sansiri (SIRI) has been assessed for sustainable stock performance by the SET ESG Ratings for the year 2567 at the level of AAA, evaluated and ranked by the Stock Exchange of Thailand, and has been listed as a sustainable stock for five consecutive years, reflecting Sansiri's serious and continuous efforts in the ESG aspects that prioritize the environment, society, and governance while maintaining growth in performance, maximizing returns for shareholders, and being ready to be part of driving sustainable development for society and the country.