Sansiri

Real estate developer in Thailand

Sansiri

Native name	แสนสิริ
Company type	Public
Traded as	SET: SIRI
Industry	Real estate development
Founded	28 September 1984; 39 years ago (1984-09-28)
Founder	Srettha Thavisin Apichat Chutrakul Wanchak Buranasiri
Headquarters	Bangkok , Thailand
Key people	Chananda Thavisin (CEO)
Revenue	฿34,973.59 million^[1] (2022)
Net income	฿4,279.88 million^[1] (2022)
Total assets	฿127,451.47 million^[1] (2022)
Total equity	฿42,432.98 million^[1] (2022)
Subsidiaries	Plus Property
Website	www.sansiri.com

Sansiri (Thai: แสนสิริ) is one of the largest real estate developers in Thailand.

History

Sansiri was founded in 1984 as the holding company to manage the assets of the Chutrakul family, before merging with the Lamsam family company in 1994. The company has been listed on the Stock Exchange of Thailand since 1996. In its earlier years, the company concentrated on developing exclusively mid-city condominiums for sale and for rent. In 1998, the company expanded into property management and sales management services through the newly founded subsidiary named Plus Property Company Limited. In 1999, the company underwent a major expansion into development of landed properties with the launch of the first single-detached housing project.

Milestones

Year	Events
2007	Natural Park PLC (N-PARK), the former largest shareholder (24.9 percent), sold most of its holding in Sansiri to a group of Hong Kong investors led by Dr Allina Salim. Currently N-PARK is holds 4.26 percent of Sansiri's paid-up capital.
2004	Sansiri completed the 2.9 billion baht rights offering with subscription ratio of three existing shares to two newly issued shares at five baht per share.
2002	Sansiri welcomed a group of new major shareholders who provided a 2.6 billion baht cash injection.
2000	Sansiri became the first Thai property developer to complete debt restructuring since the 1997 economic crisis.
1999	Starwood Capital Group from the U.S. joined Sansiri as a partner.
1996	Sansiri Public Company Limited was listed on the Stock Exchange of Thailand and launched a wholly owned brokerage and property management subsidiary named Plus Property Company Limited.
1984	Inception of Sansiri as the developer of high-end condominiums.

Business groups

Sansiri Group includes Sansiri Public Company Limited and its fifteen subsidiaries. The core businesses of Sansiri Group are summarized as follows:

Property development
1. Property development for sale includes single-detached houses, pool villas, semi-detached houses, townhouses, and condominiums.
2. Property development for rent includes office buildings, an apartment, and a leasehold commercial building.
Property services includes the administration of condominiums, single-detached houses, office buildings, apartments, and retails. Also included in property services are sales management and property brokerage services.
Hospitality business consists of Casa del Mare,^[2] a 46-key boutique hotel in Hua Hin and S-Medical spa, an aesthetics, health care and medical spa which is the winner of Medical Spa of the year 2007 by AsiaSpa Magazine.

Awards & Achievement


Year	Awards
2021	HUMAN RIGHTS AWARD 2021 (Honorable Mention) Department of Labour Protection and Welfare (DLPW), Ministry of Justice, Thailand
2020	Marketeer - No.1 Brand Thailand 2019 - 2020 (Condominium)
2019	DOT Property Thailand Awards 2019 - Best Developer Thailand
2019	IDA DESIGN AWARDS 2018 - The Glass Fortress (The LINE Phahonyothin Park’s Sales Gallery)

References

^ ^a ^b ^c ^d Sansiri Financial Data
^ "แสนสิริ รุกตลาดโรงแรม เปิดแบรนด์ Escape, Sansiri Hotel Collection 2 ทำเล หัวหิน-เขาใหญ่ [ประเด็นดังอสังหาฯ]" (in Thai). Think of Living. 3 October 2013. Retrieved 17 December 2018.