Sansiri is committed to environmental protection through innovations towards the goal of sustainability, said chief operating officer Uthai Uthaisangsuk in an interview with The Nation recently.

Under the green concept, the company will reduce the level of CO2 emissions from its office by 10 per cent in 2022.

The realty developer’s 25,000-square-metre premises releases about 2,600 tonnes of CO2 a year, based on an estimate made last year,” he said.

In collaboration with BCPG Plc, a subsidiary of Bangchak Corporation Plc, solar panels are being installed for all segments of its projects  condominiums, single-detached houses, townhouses, and twin-houses.

31 projects were earmarked for the system till the end of 2019, of which installations have been completed at 13 sites, generating a total of 800  kilowatts per hour.

Wind turbines are also being set up for the company’s condominiums, scheduled for completion next year. The technology, owned by US-based Semtive, was first applied to the Line Phahonyothin project.

Despite the fact that alternative energy have yet to fully replace tradiฌtional power supply to our properties, it goes a long way to reduce the cost of electricity consumption for the residents, especially in public areas, he said.

The company has also adopted the ‘passive design’ model for its properties, focusing on the cooling effect of ‘wind flow’ to lower the temperature within a building by two degrees. It lessens the use of airconditioners at both high and lowrise properties , Uthai said.

Smart Move, another energy-saving initiative devised by the company, offers carpooling to condominium residents, using electric vehicles(EV) supplied by the company.

Furthermore, chargers for EVs are available at its latest condominiums and will be installed at all high-rise projects in the future.

Wastemanagement is a compaฌny policy since 2015 and it has been striving to reduce the amounts of waste in the building process.

“To minimise waste, we started with economising on raw material usage during construction. For example, to eliminate the practice of cuttofit in laying tiles on an area, the tile’s size is based on the exact measurement of the space to the millimetre. It reduces the number of tiles needed and represents a saving for the company in the long term,” he said.

Also, precasts are used in the construction of lowrise properties and part of condominium projects to minimise cement waste.

It is conducting a joint study with Siam Cement Group (SCG) to turn construction waste into earth blocks for growing plants in the gardens.

At the same time, machines for processing food waste into fertilisers have been delivered to its condominiums and office where staff were told to cut down on the use of paper.

“We will continue with the development of innovative technology under the green concept in line with our plan to reduce CO2 emission by 10 per cent in 2022,” he said, adding that a yearly budget of Bt40 million has been allocated for research and development.

The company is working on its business plan for 2019. However, the number of projects to be launched will be close to this year’s figures of 26 properties worth a total of Bt67 billion, Uthai said.

Chief executive Naris Cheyklin said that SPRIME’s initial assets will include 30-year leasehold rights on part of the land on which Suntowers office complex is situated and in conference, fitness, mechanical and electrical facilities, common areas and parking areas within the complex, as well as freehold interests in movables for the management of the complex, which will be acquired from Max Future, a Singha Estate subsidiary.

As of August 31, the complex’s occupancy ratio stood at 95.1 per cent.

The company’s financial advisor Ekkapob Makeguljai of Krungthai Bank said that a filing and a draft prospectus have been submitted for review to the Securities Exchange Commission (SEC) and the initial offering process is pending SEC approval.

 He said the company planned to launch five residential projects worth Bt5.5 billion in the last quarter, towards its revenue target for the year.

Currently, the company has 43 residential projects on sales . It has an inventory worth Bt37.4 billion in value, of which Bt11.8 billion have already been sold, waiting for transfers to buyers.

According to financial results for the first nine months as reported yesterday to the Stock Exchange of Thailand by ten listed property firms, eight of them achieved higher net profit growth this year than in the same period of last year. The exception was Sansiri Plc and Land and Houses Plc, which posted a net profit of Bt1 billion and Bt8.2 billion for the nine months, a drop of 50.98 per cent and 3.5 per cent respectively from the same period of last year.

Origin Property Plc, Golden Land Property Development Plc and Property Perfect Plc achieved high growth exceeding 100 per cent for the comparison period. Other key firms also showed double-digit net profit growth for the first nine months compared to the same period of last year except for Pruksa Holdings Plc and LPN Development Plc, who achieved net profit growth of one digit, 8.08 per cent and 9.21 per cent respectively, compare to last year’s equivalent period (see graphic).

Origin Property Plc’s CEO Peerapong Charoon-Ek pointed to the company’s success in launching condominium projects in the last two years that were completed this year and transferred to customers starting early in 2018.

The company also recorded Bt10.69 billion in total revenue for the first nine months of this year, up 166 per cent from the same period of last year. This was the first time the company had boosted its total revenue beyond Bt10 billion, he said.

He noted that Origin also has more condominium units for transfer to its customers in the last quarter of this year and plans to launch two new single detached house and townhouse projects worth Bt2.9 billion in the last quarter of this year. Together, they will boost total revenue growth to achieve the targeted Bt16 billion by the end of this year.

Pruksa Holding Plc’s deputy group chief executive Supattra Paopiamsap told a press conference yesterday that in the first three quarters of 2018, Pruksa Real Estate had achieved satisfactory results – a net profit of Bt4.017 billion, a rise of 8.1 per cent year-on-year, on total revenues of Bt30.48 billion. The company also plans to launch 15 new residential projects for the last quarter, worth Bt11.4 billion, to boost its total revenue and net profit growth for the period, she said.

Sansiri Plc’s chief financial officer Wanchak Buranasiri reported to the Stock Exchange of Thailand yesterday that in the first nine months of this year, Sansiri and its subsidiaries reported a net profit of Bt1.00 billion, a drastic decrease from net profit of Bt2.04 billion last year’s same period. The net profit margin of 5.6 per cent on total revenue for the nine months had decreased from 8.8 per cent of total revenue a year ago, due to decreased revenue from project sales and an increase in selling expenses.

However, the company has confidence its presales will grow to achieve the target Bt50 billion by the end of this year, after it recorded presales of Bt43.6 billion in the first 10 months of this year, he said in a press release yesterday.

“The new measure by the Bank of Thailand to increase down-payments for second and third homes will boost the demand to buy residential from this time until the first quarter of next year before the new measures take effect on April 1, 2019,” Wanchak said.

The company’s chief executive officer Kromchet Viphanphong said that up to 50 per cent of the project is expected to be sold in the next three months. It will boost the company’s pre-sale value to Bt4.2 billion at the end of this year from Bt3.9 billion currently.