Set-detailed developer Sansiri expects to either make improvements to its gain or reduce house costs by 5% right after implementing design technology.

Chief operating officer Uthai Uthaisangsuk mentioned construction technological innovation is involved in everything from land acquisition to device transfers, saving up to 10% on building cost.

As development prices in a household task account for 50% of full development price, development technology can support boost income margin by 5%, explained Mr Uthai.

“The cost savings can possibly increase our earnings or cut down property selling prices by 5%,” he explained. “Development technological innovation can make improvements to quality and preserve time and charge.”

Very last yr Sansiri recorded a web profit of 2.39 billion baht on income of 27.2 billion.

Gross earnings margin was 25.3% of earnings although internet gain margin was 8.8% of earnings.

Mr Uthai reported the firm applied big information to analyse land acquisition. Significant details measured 5 facts types: project, site visitors, geography, demographics and need and provide.

“Major facts can inform us wherever important destinations, such as browsing malls, educational institutions, factories or sources of jobs, are in every single zone. It can also advise how to build initiatives to match target purchasers,” he mentioned.

Developing facts modelling can assistance in the design and style approach as it can create a 3D perspective that can assistance minimize time and problems in the building course of action, boost quality and preserve on expenses.

Jirapat Janjerdsak, chief technological know-how officer of Siri Ventures, stated Sansiri works by using Nodalview, an application that shoots pictures or 360-degree panoramas of sample household models.

“Potential buyers can have a digital tour of our demonstrate units and chat with our revenue particular person on the internet,” he claimed.

“This can support prospects outside the house Bangkok or overseas visit jobs a lot easier.”

There have been six initiatives, all of which have been minimal-rise houses in Bangkok and Chiang Mai with units priced from 2-10 million baht, showcased through this application.

Started three decades in the past, Siri Ventures is a person of Sansiri’s subsidiaries investing in startups. A complete of 750 million baht has been invested and Siri Ventures expects to introduce a residence management application to companies following yr.

“By 2023 we assume to make a gain from operations,” Mr Jirapat explained.