Thai real-estate developer Sansiri Public Company Ltd on Thursday announced an exclusive strategic partnership with Hong Kong-owned real estate agent Denzell Vietnam.
Thailand’s Sansiri ties up with Denzell Vietnam to bring Thai real-estate products to Vietnamese investors. — VNS Photo
Denzell opened its first Vietnamese office in HCM City on the same day.
Through the tie-up Viet Nam-based clients can invest in Thailand, where Sansiri has prominent projects in resort hotspots like Hua Hin, Phuket, Pattaya and Chiang Mai and in the capital Bangkok.
They would also provide after-sales services, the two said.
Last year, Sansiri’s overseas revenues were worth VND6.5 trillion (US$285 million).
This year, it has laid out an aggressive plan to launch 31 new projects worth VND44.2 trillion ($1.9 billion) and achieve sales of VND35 trillion ($1.5 billion).
Sansiri said Viet Nam is one of the most attractive overseas markets for international businesses.
HCM City is the sixth international market it has entered and offers comprehensive services.
Apichart Chutrakul, its CEO, said: “With the rise of interest in Thai property in APAC and the strategic partnership with Denzell Vietnam, we want to further build on our success in HCM City as Thailand’s No1 developer.
“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 realise its vision of creating a leading portfolio and deliver next-generation living experiences to our customers.”
Thailand is now considered a better option to invest due to lower taxes, average prices starting at VND3 billion ($131,000) and rental yields of 6 per cent in Bangkok city centre and 7-8 per cent in holiday resort areas.
Kingston Lai, CEO of Denzell Vietnam, said the partnership gives his company exclusive access to Sansiri’s latest projects.
Denzell has offices in Hong Kong, Thailand and Viet Nam. — VNS