Sansiri Stakes THB31 Billion On Property Boom In 2nd Half Of 2022
Real Estate Giant Sansiri Is Staking 31.2 Billion Baht On An Expectation The Thai Property Market Will Grow Strongly In The Second Half Of 2022.
The money will be spent on developing nine detached house projects, two mixed projects, five townhome projects, and 15 condominiums, the firm announced on Tuesday.
Sansiri’s chief operating officer Uthai Uthaisangsuk said prospects were bright as Thailand’s twin economic engines of exports and tourism powered up and the government introduced policies to stimulate the real estate market.
He expects upper and middle levels of the property market to grow, saying that people were buying real estate to escape inflation woes.
The condominium market would also be buoyed by the return of foreigners to Thailand, he added.
This year, Sansiri plans to launch 46 projects worth a total 50 billion baht. Read more
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