The reputation of the property developer is the most important but also the most overlooked factor when investing in a condo unit.

Above:The Ace Condominium was to be erected opposite Patong Hospital.

Above：About 30 buyers who have paid deposits and installments to purchase units at a condominium development in Patong protested to Phuket Governor Nisit Jansomwong few months ago.

According to the Phuket Wan Property News, about 30 buyers who have paid deposits and installments to purchase units at a condominium development in Patong protested to Phuket Governor Nisit Jansomwong few months ago.

The Ace Condominium was to be erected opposite Patong Hospital between February 2014 and April 2015 but work had yet to begin, the governor was told.

One woman told the governor at the Damrongtam complaints office at Phuket Provincial Hall that she had invested 2,297,000 baht in four units, valued at about 10 million baht. Others said they had paid upwards of 300,000 baht, some in monthly installments as part of an off-the-plan purchase. Efforts to have the owner explain what the problems were had failed, the condo buyers said.

So property buyers should choose some reputable property developers, because they have the ability to complete even the largest and most ambitious plans. One such example is listed property developer, Sansiri. They were recently awarded the prestigious Best Developer Thailand 2013 award, and their project Baan Mai Khao won the best condo development (Phuket) at the Thailand Property Awards 2014.

Above：Sansiri were recently awarded the prestigious Best Developer Thailand 2013 award.

Above：Baan Mai Khao won the best condo development (Phuket) at the Thailand Property Awards 2014.

And according to the Pattaya Mail, Sansiri ended 2014 on a strong note with revenue ranking among the industry’s top three performers – while at the same time leading the sales to expats and foreign investors. Sansiri is notably prominent for its varied inventory of quality property appealing to expat buyers looking to invest in Thailand.

Chinese investors led the year’s sales figures, accounting for 25%, with 21% sold in Singapore, 6% in Malaysia and 3% in Hong Kong. The same ranking applied to the top 10 international buyers by value, headed by sales to Russia worth THB 346 million (US$10,280 million), followed by China worth THB 321 million (US$9.537 million), and Singapore at THB 211 million (US$6.463 million). Among the foreign buyers, 80% (253) of the units sold were for renting and 18% (57) for personal use.

As an integrated property company, Sansiri says its aim is to provide one-stop solutions from property development to property services such as brokerage, holiday home rentals, property management and first-class concierge services.

“Sansiri has created new forms of seamless, high-quality, value-added properties and services of the highest standards, whilst also helping to improve overall quality of life. We construct a life, not just a building.” said Sansiri CEO and Co-founder Apichart Chutrakul. The company also remains committed to its philanthropic endeavours, in order to establish sustainable relationship in a socially and environmentally responsible way, for business partners, communities and customers.

Source：Phuket Wan Property News、Class Act Media and Pattaya Mail