- Sansiri drives the RESILIENT GROWTH strategy for greater business opportunities. It collaborates with new partners in joint project development.
- In its latest move, Sansiri forges a significant partnership with “Mitsui Fudosan Asia Development (Thailand). Both have confidence in the Thai economy and will continue investing in Thailand’s property industry.
- The new joint venture formed by the two giants will pilot with two big projects “Narasiri Bang Na KM.10 & Burasiri Chatuchote.” The combined project value is more than 6 billion baht.
- Sansiri sets sight on long-term partnerships and explores opportunities to develop more projects together.
Sansiri Public Company Limited (SET: SIRI) Thailand’s leading real estate developer, has announced its solid partnership with Mitsui Fudosan Asia Development (Thailand) Company Limited, a subsidiary of Japan’s major real estate developer.
The two giants have decided to form a joint venture for the development of at least two residential projects – Burasiri Chatuchote, a prominent part of the 184-rai Chatuchote Community, and Narasiri Bang Na KM.10, a gem of the 156-rai Sansiri 10 East luxury community in Bang Na zone.
The two communities are now under development based on the Sansiri Community model, which seeks to ensure every of its residential projects has a complete community for its residents’ sustainable living and wellbeing.
Currently, the model has already created several timeless masterpieces. Offering a diverse range of activities for families, a quality environment, a convenient location and premium after-sales services, these projects are always elegant making every home there a true legacy that can be proudly passed on from generation to generation.
Sansiri and Mitsui Fudosan Asia Development (Thailand) will combine their strengths and sustainable living expertise through their joint venture, which is expected to elevate standards and pave the way for their joint global brand. The joint venture is set to launch Narasiri Bang Na KM.10 and Burasiri Chatuchote next year.
Mitsui Fudosan Asia Development (Thailand) Company Limited (MFADT), the Thailand-based subsidiary of Mitsui Fudosan Company Limited, has been responsible for its parent company’s real estate investments and development in Thailand since its establishment in 2017.
The Mitsui Fudosan Group’s business presence has spanned across the world, including the United States, the United Kingdom, various European nations, China, Taiwan, Southeast Asia, India, and Australia. In alignment with its INNOVATION 2030 vision, which was formulated earlier this year, and its key goal, the group has now accelerated the development and evolution of its overseas businesses in pursuit of significant expansion.
Sansiri is proud to have partnered with Mitsui Fudosan Group. The Japanese partner’s expertise in various fields promises to contribute to Sansiri’s focus on developing luxury homes in response to real demand.
Ranking among leaders in Thailand’s luxury home segment, Sansiri has fast sold out all units in many of its high-end projects. With its four decades of experience and status as the ultimate Taste Maker, Sansiri is also a strong partner in this joint venture.
Sansiri’s remarkable partnership with Mitsui Fudosan Asia Development (Thailand) has been forged under its “NAVIGATING THE FUTURE: RESILIENT GROWTH” strategy. Stepping into its 40th year, Sansiri aims to achieve continuous growth and resilience to stay on as a leader of residential projects with readiness to work with new yet respectable partners in joint project development.
During the first nine months of 2024, Sansiri’s total revenue was 28,877 million baht, the highest among real estate developers, with luxury and superluxury detached house projects as its main revenue sources. The company’s net profit from the nine-month period reached 4,009 million baht. Sansiri is now set to launch 15 more projects with a combined value of over 15,000 million baht within this year.
- Burasiri Chatuchote: Spanning over 49 – 3 – 9.1 rai of land, this project has a value of 2.080 billion baht.
- Narasiri Bang Na KM.10: Spanning over 38 – 2 – 96.2 rai of land, this project has a value of 4.1 billion baht.
