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Sansiri claims no impact from new BOT loan rule

Apr 18. 2019
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By The Nation

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Listed property firm Sansiri Plc is expecting to record presales up to Bt6.6 billion in the first quarter of this year and is planning to launch eight new residential projects worth Bt16.5 billion in the second quarter, the company’s COO, Uthai Uthaisangsuk, said in a press release on Thursday.

He added that five of the eight new projects launched in the second quarter of this year will be condominium projects worth Bt10.3 billion, the next two projects will be single detached houses worth Bt5.7 billion, and the last project will be townhouses worth Bt500 million.

“Although the new [Bank of Thailand] measure will reduce loan values for second and third homes effective on April 1, 2019, it did not effect our sales [since] most of our customers have real demand,” he said.


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