Thai listed developer Sansiri has revised its 2010 sales target up to THB25 billion (US$822 million) and increased its land purchase budget from THB7 billion (US$230.2 million) to THB10 billion (US$328.8 million) as it plans to jump into the low-priced housing market during the last quarter of the year.
Apichart Chutrakul, Sansiri’s CEO (right) and Samatcha Promsiri, Vice President for Corporate Marketing at the recent press conference. Thai listed developer Sansiri has revised its 2010 sales target up to THB25 billion (US$822 million) and increased its land purchase budget from THB7 billion (US$230.2 million) to THB10 billion (US$328.8 million) as it plans to jump into the low-priced housing market during the last quarter of the year. The company earlier set its sales target for this year at THB22 billion (US$723.4 million).
Sansiri’s chief executive officer Apichart Chutrakul revealed that the company generated over THB6.8 billion (US$223.5 million) in sales in the third quarter alone and expected to generate up to THB9 billion (US$295.9 million) in the fourth quarter.
“We managed to reach THB16 billion (US$526 million) in sales during the past nine months. I can say that in the third quarter we recorded the highest sales we’ve ever made in one quarter.”
The new condo projects in the lower-priced range to be launch in October include The Base Sukhumvit 77 with 1,227 units worth THB2.5 billion (US$82.2 million); the ‘dcondo’ brand in Ram Intra and Ramkhamhaeng with 825 and 1,114 units worth THB1.7 billion (US$55.8 million) and THB1 billion (US$32.9 million) respectively; and Onyx Phaholyothin with 208 units worth THB1.9 billion (US$62.5 million).
See the original post:
Thailand Real Estate Outlook
The private sector’s interests in ensuring the safety of visitors to Thailand are fully aligned with the efforts of foreign embassies to protect the safety of their citizens. Private operators in the travel industry, including airlines, hotels and tour agents, are equally if not more directly responsible for the safety of their customers as we have our reputations at stake and financial liabilities to face.
Although the current outlook for Thailand property has taken a knock and the current political situation needs to be followed closely by potential Thailand property investors, the country’s property market should not be overlooked.
The completion of the Suvarnabhumi-Bangkok International Airport has spurred growth in commercial property markets in eastern Bangkok as well as in the beach resort of Pattaya. Thailand has become even more accessible by air with a wide range if International carriers using Bangkok as a hub. In recent years, there has also been a surge in budge carriers, offering very competitive prices to both local and international destinations.
Bangkok falls 19 places to 49th most expensive location worldwide
Locations reliant on international tourism have seen their rental markets hit especially hard during the pandemic, resulting in some major drops in the rankings. Bangkok has fallen 19 places to 49th, while Hanoi saw a similar drop of 12 places to 81st.
Is There a Silver lining amid COVID-19?
Thinking of the future impact of this pandemic on office buildings, it may have already dawned on many of us that a majority of potential long-term trends and health measures will become permanent work-life features in the times to come.
China’s economy stumbles on power crunch
BEIJING (Reuters) – China’s economy hit its slowest pace of growth in a year in the third quarter, hurt by power shortages, supply chain bottlenecks...
Quarantine-Free Thailand Reopens for Vaccinated Tourists From 1 November 2021
The Tourism Authority of Thailand (TAT) would like to confirm that Thailand is all set to welcome fully vaccinated foreign...
The ASEAN-India Trade in Goods Agreement
The ASEAN-India Trade in Goods Agreement (the “Agreement”) is a trade deal between the ten member states of ASEAN and...
Bangkok lifts more COVID-19 restrictions
In response to the Royal Thai Government’s announcement to relax more COVID-19 controls in the dark-red zone provinces, which include...
Thailand lifts curfew in ‘Blue Zone’ destinations from 31 October 2021
Bangkok, 22 October, 2021 – The Tourism Authority of Thailand (TAT) would like to provide an update that the night-time...