Property developers expect to hike their prices by 3 to 5 per cent this year due to rising construction costs and a restoration of balance in the property market.
SET-listed developer Sansiri Plc will spend 20 billion baht to launch new residential projects worth a combined 150 billion baht, with a presales target of 120 billion baht during 2022-24.
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Fully booked Sansiri projects show property demand in tourism provinces still high
Fully booked Sansiri projects show .
Property company Sansiri (SIRI) says demand for properties in Thailand’s tourism provinces remains high, after its “1517 NIMMAN” project sold out within three weeks of opening.
Uthai Uthaisangsuk, SIRI chief operating officer, explained that the mixed project comprises business and residential units nestled amid Chiang Mai’s trendy Nimman business district and shopping zone.
He said the sold-out units were a strong sign that tourism and the economy are recovering in the northern province.
The roaring success of 1517 NIMMAN comes after two Sansiri condominiums in Chiang Mai – D condo Rin and D condo Ping – sold out in the past year.