Sansiri in Phuket 2026: Developer Review for Foreign Buyers
Sansiri (SET: SIRI) is Thailand’s most recognised listed developer with 40+ years of history and a current Phuket commitment of 29 projects worth 33 billion THB through 2029. Start with our Phuket buying guide for transfer mechanics alongside developer selection.
Sansiri: All active Phuket projects at a glance (2026)
A four-row table of “active projects” sat here. It listed CANVAS, The Base Cherngtalay, Rhea and The Base Rise, gave two of their statuses wrong, and left out the three schemes that between them carry more than half of Sansiri’s priced inventory on our list. Replaced with the price file:
| Scheme | Area | Priced units | Price range (THB) | Status |
|---|---|---|---|---|
| THE BASE Bukit | Wichit | 99 | 2,880,000 - 6,930,000 | Finished |
| Dcondo Cove | Kathu | 85 | 2,435,000 - 5,414,000 | Q2 2027 |
| Canvas Cherngtalay | Bang Tao | 65 | 6,927,000 - 21,043,000 | Finished |
| Rhea by Sansiri | Surin | 44 | 4,810,000 - 10,150,000 | Q4 2027 |
| The Base Rise | Wichit | 40 | 2,690,000 - 4,980,000 | Finished |
| Setthasiri Kohkaew Retreat | Ko Kaeo | 11 | 16,800,000 - 40,500,000 | Q3 2026 |
| The Base Cherngtalay | Bang Tao | 6 | 7,686,000 - 8,745,000 | Q3 2026 |
Seven schemes, 350 priced units, from 2,435,000 to 40,500,000 THB, median ticket 4,000,000, median metre 123,333.
Three corrections matter for anyone who read the old table. The Base Rise is finished, not off-plan: it is one of three completed Sansiri buildings on our list, and that is the whole reason to consider it. THE BASE Bukit is the largest Sansiri book we hold at 99 priced units and was missing entirely. And Setthasiri Kohkaew Retreat is not a condominium at all but eleven houses in Ko Kaeo from 16,800,000 THB, which is what stretches the range to 40.5M; comparing it against a Bang Tao one-bedroom is comparing two different products.
204 of the 350 units are in finished buildings, THE BASE Bukit, The Base Rise and Canvas Cherngtalay. That concentration is the single most useful fact in this table, and it is unusual: most large developers selling in Phuket right now have nothing standing at all.
Prices are what our file holds at the time of writing and move with each release. Confirm the current price list and the remaining unit mix in writing before you reserve.
Sansiri’s Phuket prices sit at a moderate premium to newer Thai-developer competitors: you pay for the track record and for the fact that some of it can be walked through. Whether that premium is justified depends on your objective, which this review unpacks project by project.
Frequently Asked Questions
Yes. Sansiri is SET-listed (SIRI) with 40+ years of history and 400+ completed projects. Audited financials reduce off-plan delivery risk versus many private Phuket developers.
Dcondo Cove in Kathu, from 2,435,000 THB ($74,465) on our file, delivering Q2 2027. The cheapest FINISHED Sansiri unit is at The Base Rise in Wichit from 2,690,000 THB ($82,263), a different thing, and for most buyers the more useful one, because the building exists. Neither is beachfront; both are residential rental profiles.
Yes within the 49% sellable floor area foreign quota on each building. Confirm quota availability per unit before deposit.
None can be quoted, and the two gross bands this answer used to give are withdrawn: Thailand keeps no letting register, so no Bang Tao or Wichit yield has been measured. What our price list does hold for Sansiri is 350 priced units across seven schemes, 2,435,000 to 40,500,000 THB, median 4,000,000, median metre 123,333, and 204 of those units in three finished buildings, where a juristic person's accounts and an owner's statement actually exist to be read.
No. MORE Group is an authorised Sansiri partner compensated by the developer. Buyers pay 0% commission with same list pricing as direct sales.
Compare all Sansiri Phuket projects
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Where Sansiri actually sells, and where it does not
The structured data on this page used to tell search engines that Sansiri sells in Bang Tao, Layan and Patong. Two of those three are wrong against our own price list, which is a small error with a large effect: it is the machine-readable claim, so it travels further than the prose.
| Area | Sansiri schemes | Priced units |
|---|---|---|
| Wichit | 2 | 139 |
| Bang Tao | 2 | 71 |
| Kathu | 1 | 85 |
| Surin | 1 | 44 |
| Ko Kaeo | 1 | 11 |
There is no Sansiri stock in Layan or Patong on our file, and none in Kata, Kamala, Rawai or Nai Harn either. The developer’s Phuket footprint is concentrated in the town and the inland districts, with two coastal schemes in Bang Tao and one in Surin. For a buyer whose requirement starts with a beach, that narrows Sansiri to three schemes before any other criterion applies, and one of those three, The Base Cherngtalay, holds six priced units.
The corollary is worth stating plainly, because it runs against how developer guides usually read: the most numerous Sansiri stock in Phuket is in Wichit, the administrative town in the south with no beach at all, where the two finished Base buildings sit. That is a long-stay residential market rather than a holiday-let one, and it is the part of the Sansiri book with the most documentation attached to it.
Choosing between the four by objective
The four active projects are not variations on one product. They sit in different districts, target different tenants, and carry different levels of delivery risk, which is why the honest answer to “which Sansiri should I buy” starts with what you want the unit to do.
| If your objective is | The likely fit | Why | The trade-off |
|---|---|---|---|
| Inspect before you commit | CANVAS Cherngtalay | Construction is finished, you can walk the actual unit | Limited remaining selection, premium pricing |
| Long-stay expat tenants with pets | The Base Cherngtalay | Pet policy is genuinely permissive, rare in Phuket condos | 90% sold, choice is narrow |
| Premium short-stay guests | Rhea by Sansiri | Surin’s guest profile skews upmarket | Off-plan to 2027, no unit to inspect |
| Lowest entry into the brand | The Base Rise Phuket | Wichit pricing well below the coastal projects | Not a beach location, different demand profile |
| Year-round residential letting | The Base Rise Phuket | Close to the commercial and hospital cluster | Tourist-season upside is limited |
Why Sansiri? The case for Thailand’s most trusted developer
What SET-listing means for buyers:
- Sansiri is legally required to publish quarterly financials, development progress, and material risks
- Escrow arrangements and construction financing are regulated under Thai securities law
- Buyers can independently verify company health before and after signing, not just rely on a sales pitch
For foreign buyers unfamiliar with Thai property law, this is a meaningful risk reduction. When you buy off-plan from a listed developer with 40 years of completed projects, the probability of non-delivery or financial distress is materially lower than buying from a project-specific SPV.
The 33 billion THB Phuket pipeline: Sansiri’s announcement of 29 Phuket projects through 2029 is one of the largest single-developer commitments to the island’s property market. It signals institutional confidence in Phuket’s long-term trajectory, and it means that buying into early-stage Sansiri projects now may benefit from brand-building around future launches.
CANVAS Cherngtalay: Sansiri’s luxury flagship in the north
Key facts:
- 175 units across 1BR (39 sqm) and 2BR (up to 104 sqm) configurations
- Priced from THB 6.79M to THB 20.11M, approximately $190K to $560K
- Total project value: 1.8 billion THB
- Completion: Q1 2026 (units being handed over now)
- 70% sold at the time of writing, approximately 52 units remaining
At 70% sold with construction complete, CANVAS is one of the few Sansiri opportunities where you can inspect the actual finished unit before committing. For buyers who are risk-averse about off-plan delivery, this is a decisive advantage.
Rental yield potential: the gross band this paragraph used to give for the Cherng Talay corridor is withdrawn, and so is the claim that CANVAS sits at the upper end of it. No letting register exists in Thailand, so neither the band nor the position inside it had been measured. What is true about CANVAS and is worth more than a percentage: construction is complete, so a buyer can walk the actual unit, read the juristic person’s accounts and ask for an owner’s statement rather than a projection. The CANVAS project page sets out what the records hold.
Base Cherngtalay: 341 units, 90% sold, pet-friendly pioneer
Most Phuket condos prohibit pets or impose restrictive rules that make long-stay ownership impractical for pet owners. The Base Cherngtalay actively markets to this segment, attracting a specific buyer and tenant profile: expats and long-stay foreign residents who prioritise lifestyle over pure yield maximisation.
Price: from THB 7.69M ($215K). The project value is 1.3 billion THB. Two buildings, eight floors each. For buyers seeking to live in the property or attract long-stay expat tenants, The Base Cherngtalay is one of Phuket’s most differentiated products.
Rhea by Sansiri: Surin Beach entry, launching 2026
Unit types cover a range of configurations: 1BR from 29.75-35.25 sqm, 2BR (one bath) at 47.75-51.25 sqm, and 2BR (two bath) at 59.75-65 sqm. Completion is targeted for 2027, giving buyers purchasing in 2026 an off-plan entry at pre-construction pricing.
Surin Beach is quieter and more upscale in character than Bang Tao, fewer large resort complexes, more boutique dining and beach clubs, and a predominantly premium buyer profile. For investors targeting high-net-worth short-term renters rather than budget tourism, Surin’s positioning is a logical fit.
Pet-friendly: Rhea continues Sansiri’s pet-friendly policy, extending it to the Surin zone for the first time.
Base Rise Phuket: Sansiri’s most affordable Phuket entry
Who buys The Base Rise: digital nomads seeking long-stay accommodation in a well-connected area, investors targeting long-term residential rental (rather than short-stay tourism), and first-time Thailand buyers who want Sansiri’s brand trust at entry-level price points.
The co-working space included in the amenity package signals the developer’s awareness of the remote-work tenant segment. Wichit is 10-15 minutes from most of Phuket’s main commercial areas and hospital cluster, making it practical for year-round living rather than just holiday rentals.
Reading the disclosure that listing actually gives you
SET listing is quoted constantly in Phuket sales meetings and rarely explained. What it gives a buyer is narrow but real, and knowing the boundary keeps you from over-trusting it.
The quarterly filings show revenue recognition, which for a developer means how much has been transferred rather than how much has been reserved. They show the debt position and the maturity profile, which is the number that matters if you are buying off-plan with two years to completion. They show land holdings and the pipeline the company has committed capital to. What they do not show is anything about your building: not the construction progress on your block, not the foreign quota position, not whether the juristic person has been registered yet.
Two habits are worth forming. Read the interest-bearing debt against cash and against the value of unsold completed inventory, because a developer sitting on finished units it cannot sell is under more pressure than the headline revenue suggests. And compare announced completion dates across successive quarterly reports for the project you are buying into, since a date that has already slipped once in the filings is more informative than any assurance from a sales office.
29-project pipeline and what it means for early buyers
Positive: Sansiri’s brand presence in Phuket will increase, raising awareness among international buyers and supporting resale liquidity for early projects. Developers who expand aggressively in a market typically do so because rental demand and price appreciation justify it.
Consider: More Sansiri supply coming to market over 5 years means that buyers in current projects should think about whether their unit’s unique selling points (location, floor, configuration) remain differentiated as the brand expands. CANVAS Cherngtalay’s “first Sansiri in Cherngtalay” positioning is strongest before the next Cherngtalay project launches.
MORE Group and Sansiri: what the partnership means for buyers
Beyond pricing, we offer:
- Free legal support for standard condo purchase transactions
- Online Zoom viewings or on-island property tours arranged on request
- Guided project tours of all four active Sansiri sites
- Honest comparison with competing developers and projects
Our recommendation process starts with your goals: rental yield, lifestyle, capital growth, or balanced. Different Sansiri projects suit different objectives, and we will tell you honestly when a competitor’s project better fits your criteria.
Pros and cons of buying Sansiri in Phuket
What works in the buyer’s favour:
- Forty years of completed projects and SET disclosure make company failure a low-probability risk compared with a project-specific SPV
- Four active Phuket projects across three districts and three price bands, so the brand can be matched to an objective rather than taken as a single product
- CANVAS is physically finished, which removes delivery risk entirely for buyers who want to see the unit first
- Brand recognition among international buyers supports resale liquidity, which matters more in Phuket than in deeper markets
- Pet-friendly policy at two projects addresses a genuine gap in Phuket’s condo stock
What to consider:
- Sansiri pricing carries a moderate premium over newer or smaller developers, you are paying for brand and track record
- The Base Cherngtalay (90% sold) and CANVAS (70% sold) have limited remaining unit selection
- Rhea and The Base Rise are off-plan, completion 2027, requiring comfort with pre-delivery risk
- Wichit (The Base Rise) is not a beach location; rental demand profile differs substantially from coastal projects
Buyer scenarios: which Sansiri project fits
Scenario A, Entry ticket + long-stay tenant, under $100K: The Base Rise Phuket in Wichit from $78K suits digital nomads and monthly renters near Central Phuket. Lower gross yield than beach stock but Sansiri brand may help resale versus unknown developers. Read off-plan guide if buying pre-completion.
Scenario B, buyer who will not travel before committing: CANVAS is the only current Sansiri project where the building exists and units can be inspected, in person or by a representative you send. Everything else on the list is off-plan. If you cannot visit and will not appoint someone to view on your behalf, buying a finished unit removes the single largest category of dispute in Phuket, which is a delivered specification that does not match the brochure.
Scenario C, investor who wants Cherng Talay exposure but not at current pricing: The 29-project pipeline is the argument for waiting, and also the argument against it. More Sansiri supply in the same district over five years should moderate pricing power, but it will also dilute the “first Sansiri in Cherng Talay” positioning that CANVAS currently carries. If your thesis is scarcity, buying early is consistent. If your thesis is value, the later launches are worth waiting for.
Red flags when buying Sansiri (or any listed developer)
Sansiri buyers who treat SET disclosure as a substitute for unit-level diligence still get surprised at handover. Quarterly filings tell you whether the company is healthy. They tell you nothing about your unit, your quota slot, or your transfer date, and those are where foreign buyers actually lose money.
| What to check | Where it is checked | What a bad answer looks like |
|---|---|---|
| Foreign quota availability for your specific unit | A dated letter from the juristic person stating the remaining allowance in square metres | A verbal assurance, or a promise to confirm nearer transfer |
| Payment schedule against construction milestones | The SPA, reviewed by your own lawyer | Instalments tied to calendar dates rather than verified progress |
| Delivered specification versus the brochure | A snagging inspection before you accept handover | Pressure to sign acceptance on the day you first see the unit |
| Common area maintenance rate and sinking fund | The juristic person’s published rate, in baht per square metre | A figure quoted only as a monthly total, with no rate behind it |
| Short-let permission at the building | The building’s own rules and licence position | An assurance that “everyone does it here” |
Insider tip: ask which specific units in the foreign quota are still unallocated, by unit number, and get the list in writing. Sales teams quote a percentage of quota remaining across the building, which is not the same as quota being available on the floor and layout you want. The quota is measured against total floor area and is consumed at registration, so a large remaining percentage can still leave nothing in your preferred stack.
Read Also:
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Phuket Real Estate Experts
The MORE Group team has helped 500+ European and American buyers purchase property in Thailand. We provide legal support, 0% commission, and on-the-ground expertise with 8 years in the Phuket market.
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