Sansiri Achieves Over 70% Secured Revenue, Exceeding Sales Target
Sansiri Public Company Limited (SIRI) has revealed impressive financial results, with over 70% secured revenue amounting to 29,700 million baht in just seven months. This surpasses their sales revenue target of 41,000 million baht. The company is now preparing to transfer three high-rise and low-rise projects worth 3,100 million baht, while also gearing up to launch a new luxury home in September. These initiatives are expected to contribute to continuous revenue growth in the second half of the year and inspire confidence in reaching the 2023 revenue target.
Uthai Uthaisangsuk, Chief Operating Officer of Sansiri Public Company Limited, shared that the company has achieved sales volume of 27,000 million baht in the past seven months, which accounts for nearly 50% of their sales target of 55,000 million baht. This was accomplished by successfully closing sales on ten projects valued at 20,200 million baht. Furthermore, Sansiri plans to open 39 new projects in the second half of the year, with a total worth of 56,700 million baht, in accordance with positive economic signals.
Among the upcoming projects are ten new single houses under the esteemed brands “Setthasiri” and “New Luxury Condominium.” These properties will be located in prime areas of Bangkok, such as “Ratchathewi” and “Ari.” Mr. Uthai expressed his optimism about the revenue prospects for the second half of the year.
Sansiri has demonstrated exceptional transfer performance, with transfers from all types of residential projects amounting to 19,000 million baht in the past seven months. This represents 46% of their transfer target of 41,000 million baht. In addition, the company is preparing to hand over three more high-rise and low-rise projects worth 3,100 million baht in September. These projects include Hey Hua Hin, a ready-to-move-in condominium, Nia by Sansiri, and Bito Mall in Hua Hin, a lifestyle community center within the T77 area.
To bolster revenue recognition in the second half of the year, Sansiri plans to launch the “Bukan Phatthanakan” single house project. This project features luxurious private villas within a high-quality community and offers only 17 units. Priced between 65 and 115 million baht, the project is set for release at the end of September.
Sansiri currently has Secure Revenue, amounting to 29,700 million baht, which supports over 70% of their revenue target for 2017. To further build on this success, the company aims to launch an additional 39 new projects in the second half of the year, totaling 56,700 million baht. This includes 23 low-rise projects worth 35,900 million baht, as well as ten new detached housing projects of the Setthasiri brand, valued at 21,900 million baht. Additionally, Sansiri plans to launch 16 condominium projects worth 20,800 million baht, including new luxury condominiums in highly sought-after locations in Bangkok such as Ratchathewi and Ari. These strategic moves aim to drive sales growth and increase revenue recognition for the future.
Sansiri’s strong financial performance and aggressive project portfolio highlight their commitment to growth and fulfillment of their revenue targets. As they continue to excel in the real estate market, the company is set to further strengthen its position as a leading player in the industry.
Sansiri reveals over 70% Secured Revenue in 7 months or 29,700 million baht from sales revenue target of 41,000 million baht, preparing to transfer 3 high-rise and low-rise projects worth 3,100 million baht, ready to launch a luxury home new. This September, pushing revenue in the second half of the year to grow continuously Confidence in revenue for the year 2023 according to the target, explaining the 7-month sales volume of 27,000 million baht, or almost 50% of the sales target of 55,000 million baht after closing sales of 10 projects with a total value of 20,200 million baht. , revealing that in the second half of the year, prepare to open 39 new projects Total worth 56,700 million baht according to economic signals Highlights 10 new single houses under the brand “Setthasiri” and “New Luxury Condominium” in the main Bangkok locations, namely “Ratchathewi” and “Ari”.
Mr. said Uthai Uthaisangsuk, Chief Operating Officer of Sansiri Public Company Limited (SIRI) that 7 months ago Sansiri with sales of 27,000 million baht, which represents almost 50% of the target of 55,000 million baht after closing sales of 10 projects worth 20,200 million baht, divided into 7 low-rise projects and 3 condominium projects The Line Phaholyothin Park, Ladprao Intersection
In addition, Sansiri has an excellent transfer performance in the past 7 months, with transfers from all types of residential projects at 19,000 million baht, or 46% of the transfer target of 41,000 million baht. Sansiri is also preparing to hand over 3 other high-rise and low-rise projects worth 3,100 million baht, namely Hey Hua Hin, a ready-to-move-in condo, and Nia by Sansiri, a One of a Kind Project condo series near Phra Khanong BTS Station, near Hua Hin Bito Mall (Habito Mall), a lifestyle community center in the middle of T77, starting price 2.59 million baht, ready for handover in September.
In addition, there is also a plan to launch a single house project ready to transfer “Bukan Phatthanakan”, a detached house in the style of luxurious private villas surrounded by a quality society, only 17 units, priced at 65 – 115 million baht. , which will be launched at the end of September. This will support revenue recognition in the second half of the year Most recently, Sansiri has Secure Revenue or revenue on hand that supports up to 29,700 million baht, or more than 70% of the revenue target set in 2017. This 41,000 million baht. , which is expected to be able to reach the revenue target for sure.
for the second half of the year Sansiri plans to launch another 39 new projects with a total value of 56,700 million baht, divided into 23 low-rise projects with a total value of 35,900 million baht, highlighted by the launch of 10 new detached housing projects under the Setthasiri brand with a total value of 21,900 million baht, covering all locations And there are plans to launch 16 more condominium projects with a total value of 20,800 million baht, highlighted by the launch of New Luxury Condominiums in the best possible locations of Bangkok, namely ” Ratchathewi” and “Ari” to drive sales growth and increase sales in recognition of future income
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