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Bangkok Post
Bangkok Post
Business

Tokyu shifts focus to low-rise market

Sansiri Sansiri Plc
Arnut Kittikulmetee, executive vice-president, Project Development Department (Low Rise), Sansiri Plc, left, and, Takayuki Matsumoto, senior manager, Thailand Representative of Tokyu Corporation, stand in front of Burasiri Krungthep Kreetha, their joint venture project with 276 single detached houses priced between 14.99-40 million baht a unit.

Tokyu Corporation, a major private Japanese railway firm and land developer, has shifted its Thai property investment from condo to low-rise houses through a joint venture with Sansiri Plc as demand was more robust compared to the sluggish condo market.

Takayuki Matsumoto, Tokyu Corp's senior manager and representative in Thailand, said the condo market had been weak since 2019, while low-rise house demand was more stable and strong.

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