13:16 (GMT +7) - Friday 16/11/2018

Property

Sansiri expands to Vietnam, partners with Denzell Vietnam

Released at: 08:07, 30/08/2018

Sansiri expands to Vietnam, partners with Denzell Vietnam

Photo: Denzell

Thai developer signs exclusive strategic partnership with real estate agent to introduce Thai projects.

by Hong Nhung

The Sansiri Public Company Ltd, one of Thailand’s leading full-service real estate developers, is setting its footstep into Vietnam and has announced an exclusive strategic partnership with the one-stop real estate agent Denzell Vietnam.

With the announcement comes the official launch of Denzell Vietnam’s first sales gallery opening, in Ho Chi Minh City, allowing Vietnam-based clients to invest in international real estate and easily gain access to Sansiri’s prominent projects in the most attractive holiday resort areas in Thailand, including Hua Hin, Phuket, Pattaya, Chiang Mai, and Bangkok, with comprehensive after-sales services.

Sansiri increased its sales revenue in overseas markets to $279 million in 2017, and in 2018 laid out an aggressive plan to introduce 31 new projects worth $1.03 billion and a sales target of $815.6 million. With Denzell Vietnam’s sales gallery launch, potential investors in Vietnam won’t need to go to Thailand to purchase properties.

Sansiri has paid close attention to Ho Chi Minh City, where the real estate landscape showcases a market in near-perfect balance and Vietnam as one of the most attractive overseas markets for international business. Following Sansiri’s successful sales gallery launches in key markets like China, Singapore and Hong Kong, Ho Chi Minh City is the sixth international point of sales launched to strengthen its brand presence and to deliver a comprehensive full-service experience for its customers.

“With the rise of interest in Thai property in Asia-Pacific and the strategic partnership with Denzell Vietnam, we want to further build on our success in Ho Chi Minh City as Thailand’s leading developer,” said Mr. Apichart Chutrakul, CEO of Sansiri. “Our partnership with Denzell Vietnam is our commitment to providing strong after-sales support to our clients through a dedicated team and to better understand our evolving customer needs. In the long-term, Sansiri is well-placed to realize its vision of creating a leading portfolio and deliver next-generation living experiences to our customers.”

“The Vietnamese Government rolling out plans to equitize many State-owned enterprises and fast-growing private equity investments in Vietnam have made it one of the fastest growing economies in Asia, with a 7.38 per cent increase in GDP year-on-year in the first quarter of 2018.” said Mr. Apichart.

Thailand welcomed a total of 35 million visitors last year, according to the Tourism Authority of Thailand, of which 867,712 were Vietnamese, up 12.5 per cent year-on-year, who generated an estimated $816 million in tourism revenue for the country, showing the interest Vietnamese have in visiting their neighbor.

“The Denzell Vietnam sales gallery is located in the city’s CBD,” said Mr. Kingston Lai, CEO of Denzell Vietnam. “Denzell Vietnam will be the only distribution agency authorized to offer Sansiri’s property projects to Vietnamese buyers. That also means that Vietnam-based buyers can now preview Sansiri’s latest projects on the same launch date with other international sales offices like Hong Kong, China and Singapore.”

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