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Apichart Chutrakul, Chairman of the Board at Sansiri Public Company Limited, announced that on October 18, 2022, the company established a new joint venture for real estate development with Tokyu Corporation and Sahapat Real Estate, called Siri TK Five Company Limited. The initial authorized capital is 50 million baht, divided into 500,000 regular...
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The flow of people coming to Phuket is reviving, the beaches are crowded again, tourists are looking for rental homes, while some are even thinking about purchasing real estate. The market demand is the highest for single-family houses and large condominiums. There have been drastic changes on Phuket compared to 2019, when the Chinese accounted...
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Sansiri is strengthening its leadership in real estate technology in Thailand. The company has set a goal of zero greenhouse gas emissions (Net-zero) in its projects. Recently, the company teamed up with Samsung Electronics, the leader of the technology sector in Thailand and a provider of integrated solutions in solar energy, and for the first...
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The Wonder Agriculture project is located on the main Ngamwongwan Road in the suburbs of Bangkok. The area of the residential complex is over 6,400 m2. It is a low-rise condominium with a total cost of more than ฿1.4 billion. The complex consists of 3 buildings with 8 floors. In total, there are 585 apartments in the project with an area of 21...
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Sansiri is launching a project of 2 houses under the Saransiri brand. The company is implementing more and more projects in low-rise construction. Many developers are entering the low-rise housing market as demand for this type of housing continues to grow after the pandemic. This year, Sansiri plans to launch 5 new projects in 5 locations with a...
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The Ministry of Energy proposes to take measures to mitigate the impact of energy prices on the costs of residents. It proposes to freeze electricity prices for the first part of the new year (January – April 2023), while maintaining the price of ฿4.72 per unit. In addition, it will promote electric vehicles to reduce fuel costs. According to data...
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The Thai Condominium Association has analyzed data for 2022 and considers it successful for the real estate market in Thailand. In 2023, total real estate turnover is expected to reach ฿450 billion, as before the COVID-19 outbreak. The recovery was due to many positive factors, including the return of foreign tourists. The introduction of a...
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The Thai Real Estate Association calls for measures to support real estate business to stimulate the economy. The main issue was to allow foreigners to own over 49% of the property in the residential complex. The government fears that the repeal of the 49% law will infringe on the rights of Thais. The Real Estate Association proposes to amend the...
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The Land Department considered amendments to the laws on the property rights of foreign citizens and came to the conclusion that it is necessary to preserve the current laws. An exception can be made for holders of a new LTR resident visa. The LTR visa attracts overseas investment through measures to stimulate the economy and investment by...
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The Real Estate Information Center reported that the index of trust in developers increased in the third quarter of 2022 compared to the previous quarter and the same period last year. It is established that in this quarter, the index rose to 51.8 from 49.8 in the previous quarter. Last year, during the same period, the index was 47.1. This...
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