• Sansiri reported half-year sales of 26 billion baht (50% of the annual target) demonstrating strength amidst a challenging market, with 13 projects sold out valued at over 15.5 billion baht, reaffirming market confidence and positive reception of bonds indicating trust from both customers and investors.
  • Proactive business planning to prepare for market recovery with a strong backlog of 20 billion baht, representing 50% of this year's revenue recognition, alongside over 10 projects nearing sold out status.
  • In Q3, 5 new projects will be launched valued at 15.3 billion baht (4 condominiums and 1 landed project), expanding the customer base for both residential buyers and investors.
  • Ranked #1 among real estate developers for 2 consecutive years by Fortune Southeast Asia 500.

Mr. Vicharn Viriyaputthit, CEO of Sansiri Public Company Limited (SIRI), a leading real estate company in Thailand, stated, "Sansiri continues to maintain strong sales growth. In the first half of the year (ending June 30, 2023), we achieved sales of 26 billion baht (about 50% of the annual target of 53 billion baht), exceeding the half-year target as planned, reflecting the strength of the brand and consumer confidence in Sansiri. In the second half of the year, we are ready to continuously launch new projects. The overall real estate market remains challenging due to domestic economic conditions, political situations, and geopolitical conflicts that may affect consumption and private investment. However, there are positive factors from the downward trend in interest rates, relaxed LTV measures allowing 100% financing at all price levels, and reduced transfer and mortgage fees, which will stimulate purchasing power from homebuyers and investors, helping the real estate market recover."

In the first half of the year, Sansiri achieved a sold-out phenomenon with excellent responses across all segments, both landed projects and condominiums, totaling 13 projects valued at over 15.5 billion baht. We are moving forward into Q3 with the launch of 5 new projects valued at over 15.3 billion baht (Wallace House, Self by Sansiri, Wide Den by Sansiri, The Base Urban Rama 9, and Saransiri Chatuchak), and we also have a backlog of over 20 billion baht, which will contribute to 50% of this year's revenue recognition, with over 10 projects nearing sold out status, which will be a significant boost for revenue in the second half of the year.

Highlights of outstanding success against the economic trend include PTY Residence Line 1, a beachfront condominium in Pattaya, with sales reaching 3.3 billion baht. Following that is Demi Rama 9 – Meng Jai, which sold 18 units immediately before the pre-sale date, generating over 500 million baht in sales. Additionally, a new business called ‘Crafted by Sansiri’ (a comprehensive home building service) has exceeded revenue targets of over 100 million baht, with a grand opening planned for September. Importantly, the financial strength has instilled confidence in investors, resulting in a strong response to the subordinated bonds, which were oversubscribed by more than 50%.

Mr. Vicharn further stated, "To drive the sales strategy moving forward, Sansiri will focus on managing ready-to-move-in projects and launching new projects in high-potential locations with clear demand from both end-users and investors in Bangkok, the surrounding areas, and Phuket. We are also piloting an Investment Project for customers buying for investment in landed properties, such as Narinsiri in Bangkok Kritha, which has rental prices ranging from 400,000 to 500,000 baht per month, yielding an impressive return of 9% per year. Currently, there is continuous interest from potential renters. Additionally, we are developing the Sansiri Community model in new locations and emphasizing after-sales service that is ongoing. All of this will help Sansiri maintain growth and continue to lead the real estate market."

Recently, Sansiri has been ranked as one of the 2025 Fortune Southeast Asia 500 for the second consecutive year, recognizing the most successful businesses in Southeast Asia by Fortune magazine, a leading global business media. This ranking considers companies with the highest revenues in 2023, with Sansiri ranked #1 among Thai residential real estate developers, #41 in Thailand, and #251 out of 500 companies in Southeast Asia.

Note to Editor: Highlights of ready-to-transfer and newly launched projects

  • Ready-to-transfer projects: The Move Sukhumvit 107, D Condo Sense (Bangsaen), Flow by Sansiri, The Base Urban Rama 9 (newly opened and ready to transfer).
  • Newly launched projects: Wallace House starting at 4.69 million baht, a condominium under the HAUS brand in the T77 community, the first Pets Welcome condominium project of HAUS in Bangkok, pre-sale planned for the end of August; Wide Den by Sansiri starting at 8.9 million baht, a new condominium under the collaboration between Sansiri and Tokyu Development (Thailand) Co., Ltd., the first pet-friendly condominium in the Nang Linchi area; Saransiri Chatuchak starting at 7.99 million baht, an Urban Farmhouse designed single house located in the Chatuchak community of Sansiri, connected to various transportation routes, just 5 minutes from the Chatuchak expressway.