Sansiri-Frasers brace for risk factors, be wary of investing to tap foreign demand.

Real estate plans to combat risk factors flooding the market. "Sansiri" promotes RESILIENT GROWTH strategy to cope with fluctuations, moving forward to open 46 projects worth 61 billion, joining hands with partners to reduce risk and tap into foreign demand. "Frasers" assesses the market still There is positive energy, confidence in a strong portfolio supporting growth, emphasizing financial discipline.

Key Points:

The Thai economy is in a state of not yet recovering. This year's GDP is expected to be 2.9-3.4%, while interest rates Household debt is high. Investor confidence decreased due to the issue of defaulted bonds. including external factors from geopolitical conflicts (Geopolitics) Economic trends in the United States, Europe, and China are all challenges for doing business in 2024.

Mr. Apichart Chutrakul, Chief Executive Officer of Sansiri Public Company Limited, said that 2024 is another challenging year for the real estate sector. This is because the economic situation is highly uncertain due to negative factors within and outside the country. But I believe that with the strength of the 40-year-old Sansiri business, it will drive growth. Under the strategy "RESILIENT GROWTH" that has adapted to the situation. Ready to bring potential Expertise and innovation come to expand the business and drive work as a whole. To deliver products and services to consumers that stand out from competitors.

In the case of a normal situation (Base Case), Thailand's GDP is expected to grow 3%, the company plans to launch 46 new projects worth 61,000 million baht, but in the case of a good situation (Best Case), there is a digital wallet policy to stimulate purchasing power. It is expected that the GDP will grow by 4%. For every 1% growth, Sansiri will invest an additional 10% or launch an additional 50 projects by shifting projects that will open in 2025 to open in 2024.