SET-listed developer Sansiri Plc maintained its presales target of 50 billion baht this year as lowering the loan-to-value (LTV) ratio is likely to affect condo buyers next year.
Piti Jarukamjorn, deputy executive vice-president of condo development and strategic project management, said the company remained confident its presales would reach their target, with launches continuing unabated the remainder of the year.
"The Bank of Thailand's proposal to reduce the LTV limit to 80% of home value will have an impact on everyone," he said. "We are waiting for clarity on the new measures."
New condo launches the remainder of the year include one in Hua Hin worth 2.3 billion baht and another on Phahon Yothin Road in Bangkok worth 5 billion.
Shinji Suyama, general manager and Bangkok representative of Tokyu Corporation Co, which has a joint venture condo project with Sansiri, said the company is a little worried about the new LTV limits and will discuss the matter with Sansiri.
Yesterday Sansiri, Tokyu Corp and Samitivej Hospital joined to develop a condo project worth 2.4 billion baht on a seven-rai plot in the Krungthep Kreetha area with a wellness concept. The project is scheduled to be launched next year.
The "Wellness Residence" is said to be Thailand's first residential project with a lifestyle partner, aiming to lure health-conscious consumers eager to be certified with a "Well Certification" to ensure the building's standards.
