Sansiri
Encyclopedia
Sansiri is one of the largest real estate
developers in Thailand
offering a full range of housing units; single-detached houses, semi-detached houses
, townhouse
s, and condominium
s. The Company remains the first and only South East Asian
developer to have received the prestigious Commendation for Excellence Awards by Asia Pacific Commercial Real Estate (APCRE).
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 successful launch of the first single-detached housing project and subsequently into townhouse project in 2003.
For the year 2007, The Company development portfolio stood at 101 projects, consisting 22 single-detached housing projects, 22 townhouse projects and 57 condominium projects.
Limited and its fifteen subsidiaries. Currently, core businesses of Sansiri Group is summarized as follows:
Real estate
In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...
developers in Thailand
Thailand
Thailand , officially the Kingdom of Thailand , formerly known as Siam , is a country located at the centre of the Indochina peninsula and Southeast Asia. It is bordered to the north by Burma and Laos, to the east by Laos and Cambodia, to the south by the Gulf of Thailand and Malaysia, and to the...
offering a full range of housing units; single-detached houses, semi-detached houses
Semi-detached
Semi-detached housing consists of pairs of houses built side by side as units sharing a party wall and usually in such a way that each house's layout is a mirror image of its twin...
, townhouse
Townhouse
A townhouse is the term historically used in the United Kingdom, Ireland and in many other countries to describe a residence of a peer or member of the aristocracy in the capital or major city. Most such figures owned one or more country houses in which they lived for much of the year...
s, and condominium
Condominium
A condominium, or condo, is the form of housing tenure and other real property where a specified part of a piece of real estate is individually owned while use of and access to common facilities in the piece such as hallways, heating system, elevators, exterior areas is executed under legal rights...
s. The Company remains the first and only South East Asian
Southeast Asia
Southeast Asia, South-East Asia, South East Asia or Southeastern Asia is a subregion of Asia, consisting of the countries that are geographically south of China, east of India, west of New Guinea and north of Australia. The region lies on the intersection of geological plates, with heavy seismic...
developer to have received the prestigious Commendation for Excellence Awards by Asia Pacific Commercial Real Estate (APCRE).
History
Sansiri was founded in 1984 as the holding companyHolding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
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
Stock Exchange of Thailand
The Stock Exchange of Thailand is the national stock exchange of Thailand. It is located in Bangkok. As of 31 December 2007, the Stock Exchange of Thailand had 541 listed companies with a combined market capitalization of $280 billion. The indices of the stock exchange are SET Index, SET50 Index...
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
Subsidiary
A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...
named “Plus Property Company Limited”. In 1999, the Company underwent a major expansion into development of landed properties with the successful launch of the first single-detached housing project and subsequently into townhouse project in 2003.
For the year 2007, The Company development portfolio stood at 101 projects, consisting 22 single-detached housing projects, 22 townhouse projects and 57 condominium projects.
Milestone
| Year | Events |
|---|---|
| 2007 | Natural Park PLC (N-PARK), the former largest shareholder (24.9%), sold most of its holding in Sansiri to the group of Hong Kong investors led by Dr. Allina Salim. Currently N-PARK is holding 4.26% of Sansiri's paid-up capital. |
| 2004 | Sansiri completed the 2.9 billion baht rights offering with subscription ratio of 3 existing shares to 2 newly issued shares at 5 baht per share. |
| 2002 | Sansiri welcomed a group of new major shareholders who provided the 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 Stock Exchange of Thailand The Stock Exchange of Thailand is the national stock exchange of Thailand. It is located in Bangkok. As of 31 December 2007, the Stock Exchange of Thailand had 541 listed companies with a combined market capitalization of $280 billion. The indices of the stock exchange are SET Index, SET50 Index... 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 condominium. |
Business Groups
Sansiri Group comprises the listed Sansiri Public CompanyPublic company
This is not the same as a Government-owned corporation.A public company or publicly traded company is a limited liability company that offers its securities for sale to the general public, typically through a stock exchange, or through market makers operating in over the counter markets...
Limited and its fifteen subsidiaries. Currently, core businesses of Sansiri Group is summarized as follows:
- Property Development
- Property Development for sale includes single-detached houses, pool villas, semi-detached houses, townhouses, and condominiums.
- Property Development for rent includes office buildings, an apartmentApartmentAn apartment or flat is a self-contained housing unit that occupies only part of a building...
, and a leasehold commercial buildingCommercial buildingA commercial building is a building that is used for commercial use. Types can include office buildings, warehouses, or retail . In urban locations, a commercial building often combines functions, such as an office on levels 2-10, with retail on floor 1...
.
- Property Services include 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, a 46-key boutique hotelBoutique hotelBoutique hotel is a term popularized in North America and the United Kingdom to describe intimate, usually luxurious or unique hotel environments. Boutique hotels differentiate themselves from larger chain/branded hotels and motels by providing personalized accommodation and services / facilities...
in Hua HinHua HinHua Hin is a famous beach resort town in Thailand, in the northern part of the Malay Peninsula, some 200 km south of Bangkok. It has a population of 84,883 in an area of 911 km², and is one of eight districts of the Prachuap Khiri Khan province.Hua Hin is closely associated with the...
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.