Tag Archive | "Sansiri"

Smaller property firms missing out on revival

Tags: , , , , , ,


The property sector is expected to see only moderate growth this year, despite tax breaks granted to home-buyers, as only the largest property developers have been able to derive much benefit from such incentives.

Listed property developers’ financial results showed strong revenue and net profit growth in the first nine months of this year over the same period of 2008, thanks largely to a recovery in demand for residential projects in the second half of the year.

Sansiri president Srettha Thavisin said the property developer’s revenue for the full year is expected to exceed its estimate of Bt17 billion, reaching Bt17.5 billion to Bt18 billion.

“We believe the property market this year could grow nearly 5 per cent over last year – more than we estimated early this year,” said Supalai deputy managing director Atip Bichanond, who is also president of the Thai Condominium Association.

Supalai’s sales have increased from 2008, Atip said, as prospective home-buyers – most of whom put off buying residential property last year when the global recession hit the Thai economy – have regained confidence.

However, demand for residences has shifted from projects priced between Bt3 million and Bt5 million per unit to the Bt2 million-Bt3 million range, he said.

Meanwhile, signs remain positive for luxury residential projects priced at more than Bt10 million per unit, Quality Houses president and chief executive officer Rutt Phanijphand said.

Higher-income home-buyers have been less adversely affected by the economic downturn, so demand for luxury residences has continued to grow, Rutt said. This sector’s continued strong performance has driven the company’s sales growth past last year’s level, the CEO said.

Preuksa Real Estate chief operating officer Prasert Taedullayasatit believed the property market in Bangkok and its suburbs would see growth over last year, forecasting new-residence registrations would exceed 2008’s approximately 77,000 units.

Prasert said Preuksa’s data also pointed to an overall improvement in the property market this year over last year due to a pick-up in demand for residences in the second half.

SC Asset Corporation chief operations officer Kree Dejchai was similarly upbeat, saying, “We have seen sales increase from Bt600 million in the first quarter of this year to Bt1.2 billion in the second quarter, to Bt1.5 billion in the third quarter. We’re recording sales of Bt200 million per week in the last quarter. That means sales for the year will exceed our estimate of Bt8 billion.”

He expected the property market in Bangkok and its suburbs to grow 5 to 10 per cent this year over last year.

But while the top 10 property developers are doing well, the news has not been so good for small and medium-sized property firms.

MK Real Estate Development director Chukiat Tangmatitham said the company’s sales in the first nine months of this year were down from last year, as the company had launched only one new residential project in the period.

NC Housing managing director Somchao Tanterdtham said small and medium-sized property firms had not benefited from the second-half recovery in the market because most of them had suspended new investments last year. As a result, they simply haven’t been able to compete with the big players as the market recovered, he said.

However, Somchao agreed that the overall property market was likely to grow between 5 and 10 per cent this year.

SOURCE: The Nation

Top property firm builds social networks

Tags: , , , ,


Sansiri

Sansiri

Leading Thai property developer Sansiri has turned to the extraordinarily popular social-networking sites Facebook and Twitter to strengthen its marketing allure.

 

The company has “jumped on to the bandwagon of social networking” in the hope of increasing its marketing tools and becoming a “virtual friend” to its customers by remaining in touch on the social networks.

Sansiri’s assistant vice president for marketing Samatcha Promsiri said the company believed social networking was a vital marketing tool to maintain a good relationship with its customers and to roll-out its campaigns and promotions in real time.

It has set up Facebook.com/sansiri in the role of a customer-relationship management department and has created its own community comprised of existing customers. It is able to communicate with its community directly and receive quick responses.

Samatcha said the beauty of Facebook.com was its verification of users so the company knew who were and were not its existing customers. New target customers were created among friends attached to the networks of the company’s existing customers.

“For example, we put photos of our activities onto Facebook.com and our fans come and tag their photos as well as sending and sharing them with members of their network. Our customer-relationship management activities can promptly spread to a mass of people, as viral marketing. The things we do expand our customer relationship management to give it a wider presence in the online world,” he said.

Moreover, Sansiri aims to use Facebook.com as a bridge to bring its social-networking community back to its main online market community – www.sansiri.com – where detailed information on all its products and services, as well as latest promotions, are available.

Sansiri is also using Twitter.com as a viral marketing tool to deliver real-time marketing messages to potential customers.

Samatcha said that with a limit of 140 characters, Twitter.com/sansiri also aimed to attract people to the company’s main website.

“At Twitter, we can send messages with a harder marketing purpose than those on Facebook, where we must maintain the attitude of friendship, talking with people in friendly tones in a conversational fashion, rather than delivering hard-sell,” he said.

Sansiri learned a quick lesson when it launched its Facebook site with a hard-sell message seeking to directly attach its community. It failed, and the company later realised it was probably seen as broaching an unfriendly relationship.

”We learnt from direct experience that in a social network, people are not willing to accept direct-marketing messages. Instead, they like to communicate in friendly tones, like they are talking with their friends. Therefore, we have to be their friends,” Samatcha said.

He said social networking allowed Sansiri to communicate directly with both existing and prospective customers, and to get their responses and feedback very quickly, with the least cost and resources. Sansiri has a staff of just two people dedicated to its social marketing and gives the effort a very small budget.

Samatcha said that successfully developing social-network marketing was not about spending money, but about understanding human relationships.

As well as its social networking, Sansiri is spending about Bt600 million per year on online marketing. However, this is only 3 per cent of its total marketing budget of Bt1.8 billion per year.

Samatcha said the company’s next step was a plan to expand its online marketing on to Youtube.com. It plans to launch video clips related to Sansiri’s projects, such as recommended restaurants around Sansiri’s development locations, as well as other places of interest.

”For the moment, we will focus on these three channels of social networking,” Samatcha said. “We think there are many things we can develop on these platforms to optimise their ability to create value for both us and our customers.”

Residential property market

Tags: , , ,


Big spending in preparation for 2010Economic recovery leads to Bt100|billion splurge on|land and infrastructure

Thailand’s leading property developers are preparing to spend more than Bt100 billion in readiness for a fully recovered property market next year.

For example, Sansiri plans to spend Bt17.5 billion to buy 30 plots of land and expects to develop 18 residential projects next year.

LPN Development says it will invest between Bt2 billion and Bt3 billion to develop residential projects with a market value between Bt8 billion and Bt10 billion in 2010, while Quality Houses has set aside Bt3.2 billion to buy undeveloped land in the final months of this year and in 2010. It plans to develop 13 new residential projects next year worth Bt15.61 billion.

Supalai is planning to invest between Bt2 billion and Bt3 billion to buy land for new residential projects in 2010, and Preuksa Real Estate says it will spend between Bt3 billion and Bt5 billion to prepare for the coming year.

Quality Houses president and CEO Rutt Phanijphand said his company would spend Bt700 million to buy land before the end of this year, and the rest of its land-buying budget, totalling Bt3.2 billion, would be spent in 2010.

The company believes the economy will recover and the political situation will be stable next year, so it has plans for the aggressive marketing of 13 new residential projects, worth Bt15.61 billion, in 2010, he said.

“We expect sales growth of 10-15 per cent next year, compared to our revenue target of Bt10 billion this year, because two condominium projects will be complete and ready to transfer to customers in 2010. That will generate revenue of Bt6 billion,” he said.

Sansiri president Srettha Thavisin said that after doubling its registered capital, his company would spend Bt8.5 billion to buy land. Another Bt9 billion will be spent on infrastructure for 18 new projects with a combined market value of Bt22 billion.

This will drive the company’s revenue to Bt50 billion by 2014. It is expected to grow by 10-15 per cent next year, 27 per cent in 2011, 29 per cent in 2012 and 25 per cent on average in 2013 and 2014.

The company is also studying opportunities in New York, Vietnam and the United Kingdom, after expanding into international markets with the Bt600-million purchase of a condominium in London this year.

“We may start by investing in Vietnam in the third quarter of next year,” Srettha said.

The company is preparing for big investments next year because it believes business opportunities will arise when the economy recovers.

“We are concerned only about political problems. If the country’s politics are stable, we believe the economy will recover strongly,” he said.

LPN Development managing director Opas Sripayak said his company believed the economy would recover in the final quarter of this year and early next year. LPN is consequently planning to expand its investments next year and has forecast stable growth of 10-15 per cent in 2010.

SOURCE: The Nation

Asian accent in detached houses

Tags: , , , , , ,


Sansiri

Sansiri

Property firm Sansiri has introduced its latest single-detached-house project, Burasiri at Ngarmwongwan-Prachachuen, with 301 units priced between Bt5.99 million and Bt12.19 million

 

The theme used in designing the project is Asian Accent, reminiscent of Eastern architecture, said senior marketing manager Samatcha Promsiri.

Located on 70 rai, the project will have an Asian tropical garden 200 metres across at its centre.

The project is close to an expressway and several shopping centres, including The Mall, Central Chaeng Wattana and Carrefour.

Burasiri at Ngarmwongwan-Prachachuen offers four types of houses: Buramaya, Buraladda, Burayada and Burakanda.

Buramaya has 202 square metres of floor space on 65-96 square wah. It has three bedrooms, three bathrooms, one roommate and two parking spaces, with prices between Bt7.77 million and Bt12.19 million.

Buraladda has 196 square metres of floor space on 57-81 square wah, with starting prices between Bt6.87 million and Bt10.52 million per unit. This type has three bedrooms, three bathrooms and two parking spaces.

Burayada houses have 198 square metres of floor space on 57-84 square wah, with prices between Bt6.14 million and Bt8.32 million per unit. This type also has three bedrooms and three bathrooms.

Burakanda is smallest type, with floor space of 160 square metres on 55-82 square wah, at prices between Bt5.99 million and Bt8.62 million per unit. This type also has three bedrooms and three bathrooms.

The interior-design themes follow the Asian Accent concept, especially Modern Chinese style, which combines wood and cotton.

A sample house displays a variety of interior design styles so home-buyers can select the style they want.

A Simply Retro design mixes and matches modern style with 1970s retro furniture, while White Oriental makes the most of the different textures of wood and cotton.

Modern Resort is a design style also featuring wood and cotton, but in earth tones rather than white, and a Modern Luxury concept uses contemporary furniture matched with stainless steel and glass.

The project will have a grand opening on November 1, with a promotion campaign to tempt buyers. Already, about 10 per cent of the project’s 301 units have been presold.

SOURCE: The Nation

Sansiri 3Q results show sales in excess of Bt5bn

Tags: , , ,


Sansiri development

Sansiri development

Thai developer Sansiri has announced 3Q sales of Bt5bn with year-to-date sales exceeding more than Bt14bn.

 

With up to four new projects in development and a brand-building road show this month, the firm anticipates achieving total sales of Bt20bn by year´s end.

Third quarter figures were especially robust, with sales of over Bt5bn, said Settha Thaweesin managing director of Sansiri. He added that to date, sales comprised condominiums in Bangkok’s central business district, single homes, town houses, and international property investments.

The Sansiri Best Buy show last week is also expected to net more than Bt1bn, while plans are underway in 4Q to launch up to four new developments worth between Bt3bn and Bt4bn.

“Of the Bt14bn sales figure, 48 percent is comprised of revenue from condominium sales, while the remaining 52 percent represents consistent consumer demand since last year for single homes,” said Settha. “August figures were especially strong, with Bt1bn sales from 145 single home units – a new record for the company. Consumer confidence is growing and there are also signs that an economic recovery is on the way.”

He added that since the beginning of last year, Sansiri´s marketing activities had also helped to strengthen the company brand across all residential sectors. These included the recent partnering with Siam Commercial Bank to launch the SCB Sansiri Platinum credit card which grants special privileges to Sansiri customers – a first in Thailand´s real estate industry.

The Sansiri Group also has a backlog of pre-sales receipts for various residential projects in excess of Bt18.4bn that will gradually be recognised over the 3 years. Up to Bt16.3bn or 91 percent of this figure will be converted this year – an important source of revenue for the future, said Settha.

Projects being launch this quarter include two detached single home developments and two condominium developments. In addition, the company will host road shows at Siam Paragon, Central Chidlom, and Central Bangna.

“The real estate industry has already begun to recover and this is because consumers have greater confidence in the political situation, which is showing more stability. Sansiri is now focused on expanding its offerings and developing its comprehensive services for our customer base,” said Settha.

SOURCE: Property Report.com

Site Sponsors