Thai-listed real estate developer Sansiri intends to put in THB20 billion for the launch of 11 new residential projects next year.
Sansiri will be focusing on building A- and B-class condominiums along the planned Mass Rapid Transit Purple Line and in prime areas in Bangkok, said Uthai Uthaisangsuk, senior executive vice president for condominium business and project development at Sansiri.
Out of the 11 new launches, seven projects are intended for the A and B classes, while the remaining will be for the C and D classes. Prices will range between THB30,000 psm and THB100,000 psm.
“We still see plenty of opportunities on main roads in Bangkok like Sathorn, Taksin, Phaholyothin and Sukhumvit, as well as in the outskirt areas such as Bang Bua Thong district in Nonthaburi, where the Purple Line will run. We managed to buy a 10-rai plot of land for our new condo developments,” said Mr. Uthai.
Based on the company’s latest survey, about 85,000 condo units are in the market this year, 55,000 of which will likely be sold by the end of the year.
“Some 30,000 units will be carried over to next year and could be sold out in the first half in case of no new supply,” he said.
In terms of prices, Mr. Uthai expects that it would increase by 3 percent to 5 percent next year.