Thai developer Sansiri shows 3Q sales of 5 billion baht

Friday, October 16, 2009

Thailand Real Estate – Thai developer Sansiri has announced 3Q sales of Bt5bn with year-to-date sales exceeding more than Bt14bn. With up to four new projects in development and a brand-building road show this month, the firm anticipates achieving total sales of Bt20bn by year’s end.

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Sansiri 3Q results show sales in excess of Bt5bn

Thailand Real Estate Outlook

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.

Thailand is member of the ASEAN (Association of Southeast Asian Nations) trade bloc and has free trade agreements with India and China, two fast-developing economic powerhouses. Consequently, many multinational companies are using the country as a regional base for its operations or a place to station employees who travel around Asia. Foreign investment in Thailand is constantly expanding, supporting the strong economic growth of the country.

Many Real estate developers in Thailand have developed and implemented market research technologies and monitor the market closely.

Sansiri 3Q results show sales in excess of Bt5bn

The real demand for residential real estate stems from local residents and foreigners living or working in Thailand. The latter group will definitely be affected by the weak global economy but what about local Thai residents? The Thai domestic economy will also be adversely affected by the crisis, especially the export sector. The investment sector and domestic consumption in Thailand Real Estate Market will also be affected by political instability – resulting in lower sentiment and confidence. Potential home- buyers will have less money for down payments and may delay purchasing decisions.