Sansiri Targets For 2015
Leading Thai property developer Sansiri has just announced its bold targets for 2015. In fact, the organization is aiming at THB35 billion in revenue and THB30 to THB32 billion in property sales.
In 2015, Sansiri plans to launch about 19 new projects, which actually includes between 9 and 10 condominium projects, between 7 and 9 single house and townhouse projects. Among the condominium projects being planned, one of them will be Sansiri’s first residential project in new markets such as Phitsanulok and a condominium co-developed with BTS Group Holdings Plc worth about THB5 billion.
A spokesperson for the company said: “Sansiri is delighted to announce that we are planning to launch a total up to 19 new residential developments, to cater to the increasing consumer demands both in Bangkok and upcountry, from both Thai and foreign customers alike. Moreover, we have been highly successful in penetrating into new provinces where Sansiri has never had a presence, and we plan to continue this momentum of success with the launch of our very first residential project in Phitsanulok. This new development will also mark Sansiri’s first project in the lower north of Thailand, expanding our reach towards customers even further.”
In fact, property developer Sansiri is very optimistic. They are confident business activities will benefit from several factors including a positive GDP growth of 3.5% up to 4.5% year-on-year resulting from Royal Thai Government’s stimulus economic measures.
“It is without a doubt that the property market will benefit from greater consumer purchasing power, as it means the demands for properties will surge and the government’s infrastructure investments will also encourage people to invest on properties they desire and deserve. However, it is also important to note that there are still challenges facing the Thai economy in 2015. They include fluctuations in the foreign exchange rates and possible changes in policies of our key trading markets, which will affect our export sector. Also, private sector investment is another important factor which we should keep our eyes on,” the spokesperson concluded.