SUNDAY, April 21, 2024
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Sansiri top lists of ten best-performing property developers in 2023

Sansiri top lists of ten best-performing property developers in 2023

Sansiri Plc, the company of which Prime Minister Srettha Thavisin is the former CEO, topped the list of the 10 best property developers in Thailand last year, earning the highest revenue of 39.082 billion baht and a profit of 6.06 billion baht.

Surachet Kongcheep, managing director of consulting firm Property DNA, which drew up the list, said Sansiri beat other developers both in terms of revenue and profits last year, with these rising by 12% and 42% respectively over the previous year.

AP Thailand came in second place with a profit of 6.054 billion baht and revenue of 38.399 billion baht followed by Supalai with a profit of 5.989 billion baht and revenue of 38.399 billion baht.

Surachet said AP Thailand’s profit rose by 3% but its revenue dropped 1% from the previous year while both Supalai’s profit and revenue dropped by 15% and 10% respectively.

Sansiri top lists of ten best-performing property developers in 2023

According to Surachet, the seven other developers on the list are:

- Q House: 2.503 billion baht of profit (+4%) and 9.237 billion baht of revenue (-2%)

- Pruksa: 2.205 billion baht of profit (-20%) and 26.132 billion baht of revenue (-9%)

- SC Asset: 2.482 billion baht of profit (-3%) and 24.682 billion baht of revenue (+14%)

- Frasers Property: 1.852 billion baht of profit (-25%) and 16.809 billion baht of revenue (+3%)

- Asset Wise: 1.213 billion baht of profit (+8%) and 7.174 billion baht of revenue (+20%)

- Singha Estate: 211 million baht of profit (-54%) and 15.066 billion baht of revenue (+18%)

- LPN Development: 353 million baht of profit (-42%) and 7.443 billion baht of revenue (-28%).

After announcing his entry into politics, Srettha resigned as president and CEO as well as executive director of Sansiri on March 6 last year. Three days later, on March 9, he transferred a large block of his Sansiri shares (worth over 661 million baht) to his daughter, Chanada Thavisin.

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