Thai Developer Plans 10 Projects In Q4

• 31 December 2015
• Property Focus
• 1012 Views

Sansiri, one of the largest real estate developers in Thailand, and its joint venture firm with BTS Group Holdings, BTS-Sansiri Holding, plan to launch 10 residential projects worth 21.5 billion baht ($598 million) in Q4 2015.

Sansiri will develop six projects, of which five are detached-housing projects and the other is a condominium. Meanwhile, the other four projects will be condominiums developed by BTS-Sansiri.

Earlier this year, Sansiri and BTS established a joint venture company to develop residential projects on the land plots along the sky train routes. To be developed during 2015-19, the projects will be worth up to 100 billion baht.

Sansiri and its joint venture company with BTS posted 20.5 billion baht of presales in the first three-quarters of this year. Of that, 12.8 billion baht was from Sansiri and the remaining 7.7 billion baht from BTS-Sansiri Holdings. It has already transferred 27 billion baht worth of residential units to its customers during the first nine months?