• Sansiri Maintains Growth Level, Reports First 6 Months Meeting Targets with sales of 25 billion baht, joint revenue of 20 billion baht, and net profit of 2.7 billion baht.
  • Performance from Effective Management of Ready-to-Sell Product Portfolio and Sold Out 19 Projects Worth 15.2 Billion Baht.
  • Aiming to maximize returns for shareholders from continuous profit growth, recently announced interim dividend at a rate of 0.07 baht per share, XD mark on August 28.
  • Pushing Forward in the Second Half, Launching 26 New Projects Worth a Total of 38,700 Million Baht, Highlighting New Super Luxury Brand and Latest Masterpiece Condominium under Aesthetic Collection, Preparing for a Grand Launch in Phuket to Welcome High Season at Year-End.
  • Thank you to all customers and the public for their trust in Sansiri, the No. 1 Brand in Real Estate, recently awarded No.1 Brand Thailand and maintaining the No. 1 position in Thailand Social Awards with the highest score in the real estate sector.

Mr. Vicharn Viriyaputhit, CEO of Finance Division of Sansiri Public Company Limited (SIRI) revealed that the performance for the first 6 months of 2023 shows outstanding sales due to government measures to stimulate the real estate market, which has begun to show positive signs. The company achieved total sales of 25 billion baht, accounting for 48% of the annual target of 52 billion baht. The revenue for the first half reached 20 billion baht, representing 47% of the annual target of 43 billion baht, growing by 8% (Year on Year). The net profit stood at 2.7 billion baht, showing slight growth compared to the first quarter of 2023 (Q1 net profit of 1.315 billion baht, Q2 net profit of 1.387 billion baht). Notably, the core profit grew by 5% (Year on Year).

Through strategies to maintain consistent performance growth and effective investment, aiming to maximize returns for shareholders from continuous profit growth, Sansiri ranks 1 in the SETHD stocks with high dividends (as of July 26, 2023, at 11.38%). Recently, the board approved the payment of an interim dividend based on the performance for the period from January 1 to June 30, 2023, at a rate of 0.07 baht per share, with the XD mark on August 28, 2023, and the dividend payment scheduled for September 11, 2023. This interim dividend reflects the strong fundamentals and good performance of Sansiri for the future.

The success in the first half comes from Sold Out 19 projects worth a total of 15.2 billion baht, including BuGaan (Bugan) Rama 9-Meng Chai, Setthasiri Bangkok-Pathum Thani, XT Ekkamai. This includes a new business model with Exclusive Residence that meets the needs of the Niche Market with small-scale projects and few units in prime locations, achieving rapid Sold Out sales, such as ELSE (Elze) in Bangkok Kritha and PYNN (Pinn), which has already sold 80% of its first project at PYNN Pridi 20, ready for Sold Out, continuing the success to the latest project PYNN Research Center, which is expected to receive a good response like the first project, as well as launching new projects in strategic locations in Chiang Mai, such as Anasiri Paiyap, officially launched in February, achieving 50% sales of the project, and Setthasiri Rung Chok, which was first launched in March, successfully sold out the first phase completely. Additionally, mekin HAUS (Mekin House), the first HAUS brand project in Chiang Mai and other provinces, featuring the first pet-friendly condominium in Chiang Mai, has also received a good response.

Including a strong growth portfolio of single houses from revenue from luxury and super luxury single house projects, with continuous transfers from Narasiri Bangkok Kritha and Narasiri Phaholyothin-Watcharapol, achieving good sales. The success of the single house brand “Setthasiri” has led to the opening of new phases in 4 hot locations: Ratchaphruek – Ram Inthra – Bangna – Don Mueang. On the condominium side, revenue from condominium transfers, such as XT Phaya Thai and The Base Height Chiang Mai, has built trust among Chiang Mai customers in the Sansiri brand over time, along with intensive marketing campaigns and activities from strategies to maintain good sales.

Meanwhile, the profit share from Joint Venture projects has significantly increased from the transfer of The Line Vibe condominium worth 4.4 billion baht, under a joint venture between Sansiri and Rabbit Holdings in the BTS group, with over 70% sales of ready-to-move-in condominiums in a prime location opposite Central Ladprao, reflecting the ability to generate profits and maintain strong growth amidst the challenges of the industry in the past half year.

“In the second half, Sansiri plans to launch 26 new projects worth a total of 38,700 million baht, highlighting new horizontal projects with 2 new brands: “Narinsiri” (Narinsiri), a new premium single house brand (Narinsiri Bangkok Kritha and Narinsiri Rama 9-Bangkok Kritha) starting at 40-80 million baht, ready for viewing at the end of the year. Next is “Mabel” (Mabel), the first location in Mabel Bangna 26, close to the expressway, with only 105 units priced at 6-8 million baht. On the condominium side, we will continue to launch Affordable Condos, such as the D Condo brand, targeting large community locations near universities and job centers, with high demand for condominiums. A key highlight is the launch of projects in prime locations in the CBD area on Sukhumvit, including Via 61, which is a brand under the Aesthetic Collection. Another new project from the One of a Kind Project series stands out in a prime location on Sukhumvit 36. Importantly, at the end of the year, Sansiri is preparing to launch a major project in Phuket to welcome the High Season at year-end in the Bang Tao-Cherng Talay area, which is akin to the Thonglor area in Phuket. Overall, including the launch of new projects exceeding the first half, Sansiri will have units ready for sale nationwide worth a total of 127 billion baht, resulting in continuous growth in both sales and revenue, aligning with the set targets,” Mr. Vicharn said.

Sansiri thanks all customers and the public for their trust in Sansiri, the No. 1 brand in real estate, as the success in the first half is significantly attributed to strong branding, which gives consumers the highest confidence in choosing a residence, with the prestigious Marketeer No.1 Brand Thailand 2024 award winning the hearts of consumers nationwide across all segments (single houses, townhomes, and condominiums). Furthermore, it has maintained high standards in creating outstanding work on social media, retaining the No. 1 position in Thailand Social Awards with the highest score in the real estate sector during the first 6 months of the year.