PROPERTY
Sansiri plans B24bn domestic expansion
- Published: 9 Jan 2013 at 00.00
- Newspaper section: Business
SET-listed developer Sansiri Plc (SIRI) plans to invest 24 billion baht this year in property development and aims to launch 45 new housing projects worth a combined 61 billion baht.
President Srettha Thavisin said yesterday that the new projects would cover all unit price ranges and segments on a nationwide scale as a part of the company's three-year strategic plan to focus on the domestic market.
Of the total investment, 20 billion will be slated for project construction, with 4 billion for land acquisition. Some 30% of funding will come from cash flow, with the rest bank loans.
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