Message from Sansiri

2023 was a year full of uncertainties, including unstable global economy and capital markets, along with weak local consumer purchasing power. Despite a healthy growth in the domestic economy in the first half of the year, the latter half significantly slowed. This was due to the prolonged government formation, resulting in limited economic activities, coupled with escalating interest rates, high levels of household debts, and a lower-than-anticipated number of tourists' arrival.

Despite numerous challenges, Sansiri stayed committed and delivered a consistent growth by continuously developing high-quality products under the ‘YOU Are Made for Life’ concept, whose design caters to everyone’s lifestyles, as well as superior after-sales services offered by Plus Property Company Limited. With our dedication and unwaving brand recognition, Sansiri was able to achieve record-breaking total revenue and net profit in 2023. Total revenue was THB 39,082 Million, an increase of 12 percent from the previous year, while the net profit was THB 6,060 Million, an increase of 42 percent from the previous year.

For our accomplishments spanning almost 40 years, Baramizi Group in association with the Faculty of Commerce and Accountancy, Chulalongkorn University, have recognised Sansiri as the most valuable real estate brand this year. This event was organised for the first time. Moreover, Sansiri has been awarded The Most Powerful Real Estate Brand in 2023 by TERRA BKK. According to its survey, Sansiri’s excellence includes; a dynamic yet well-established brand that continuously delivers superior product quality. Moreover, Sansiri stands as the sole real estate firm that has been awarded this distinction for the fifth time.

Sansiri’s dedicated efforts in achieving a sustainable growth have always relied on the environment, social responsibility and good corporate governance principles under the ESG (Environmental, Social, Governance) framework which have evidently lend a support for the Company to obtain the 2023 SET ESG Ratings at the level of ‘AA’, (formerly Thailand Sustainability Investment (THSI)) from the Stock Exchange of Thailand for 4 consecutive years. In addition, Sansiri received an ‘Excellent’ corporate governance scoring (5-star) by the Thai Institute of Directors and was granted membership certification renewal for the Thai Private Sector Collective Action Coalition Against Corruption (CAC) project, that we have been a certified member since 2017.

Lastly, on behalf of the Company, I would like to extend my sincere gratitude to all stakeholders, including our customers for choosing our products, shareholders for demonstrating confidence and trust in our management, business partners, commercial banks, financial institutions, and the press for their continued support. Additionally, I would also like to thank our management team and all employees for their dedication and perseverance in delivering our sustainable growth. I wish to assure everyone that Sansiri is committed to growing its business with integrity, transparency, and good corporate governance. We earnestly ask for continuous support from all the stakeholders in the years to come.