Sansiri, Ananda Development and AP (Thailand) compared on founding year, SET listing history, flagship brands and recent revenue — every figure sourced from each company's own investor-relations pages or SET/SEC disclosures, with an honest Data Gaps section for what we couldn't verify. Free, no paid placement.
Sansiri (founded 1984, SET-listed since 1996) is the largest by portfolio breadth, with 400+ projects from entry-level dcondo to the ultra-luxury 98 Wireless brand and company-reported annual revenue exceeding THB 30 billion. Ananda Development (founded 1999, SET-listed since 2012) pioneered Bangkok's transit-oriented development model with IDEO and IDEO MOBI, and reports trailing-twelve-month revenue of roughly THB 5.5 billion. AP (Thailand) (founded 1991 as Asian Property Co., Ltd., SET-listed via a 2000 backdoor listing, renamed in 2013) posted the highest recent revenue of the three at roughly THB 37.6 billion for FY2025, with brands spanning The Address and Rhythm at the premium end down to Aspire at entry level. We deliberately left out a cross-developer unit-delivered count and a build-quality ranking — see Section 05 for why.
Every figure below is sourced from each developer's own investor-relations pages, the Stock Exchange of Thailand, or reputable financial-data aggregators citing SET disclosures — see Methodology and Sources for the specific pages checked.
| Developer | Founded | SET listed since | Recent revenue | Flagship brands | Known for |
|---|---|---|---|---|---|
| Sansiri PCL (SIRI) | 13 June 1984 | 1996 | Revenue exceeding THB 30 billion annually (company-reported) | dcondo, The Base, The Line, HAUS, Burasiri, 98 Wireless | Portfolio breadth — 400+ projects spanning entry-level dcondo to the ultra-luxury 98 Wireless brand |
| Ananda Development PCL (ANAN) | 1999 (founder: Chanond Ruangkritya) | 2012 | TTM revenue ≈ THB 5.5 billion, down roughly 12% year-on-year; FY2024 full-year revenue reported at ≈ THB 6.47 billion | Ashton, Ideo, Ideo Mobi, Ideo Q, Coco Parc, Culture, Elio (condos); Artale, Airi, Atoll, Arden, Urbanio, Unio Town (housing/townhouses) | Pioneer of Bangkok transit-oriented development (TOD) — launched IDEO in 2007 and IDEO MOBI in 2012, both built around direct BTS/MRT station access |
| AP (Thailand) PCL (AP) | 1991, as Asian Property Co., Ltd. | 2000 (backdoor listing via PCM Public Co., Ltd., itself SET-listed since 22 Sept 1992); renamed AP (Thailand) PCL in 2013 | FY2025 revenue ≈ THB 37.6 billion, up roughly 0.5% year-on-year | The Address, Rhythm (premium/luxury); Life (transit-oriented, mid-to-upper); Aspire (entry-level/value) condominium lines, plus houses, townhouses and home offices | Largest recent annual launch volume of the three — 44 new residential projects worth a combined THB 59.6 billion announced in 2025 |
Established 13 June 1984 and listed on the Stock Exchange of Thailand since 1996, Sansiri is one of Thailand's largest developers by the sheer breadth of its portfolio — over 400 projects spanning nearly every price tier. Its brand ladder runs from dcondo (entry-level condominiums) and The Base (starter apartments positioned at BTS/MRT station entrances) through The Line (mid-market condos) and HAUS/Burasiri (townhouses and detached homes) up to 98 Wireless, its ultra-luxury flagship. The company reports annual revenue exceeding THB 30 billion. If you want a single developer whose name shows up across almost every Bangkok price bracket, Sansiri is usually it.
Founded in 1999 by Chanond Ruangkritya and SET-listed since 2012, Ananda built its reputation on transit-oriented development (TOD) — placing condo towers directly on top of or immediately beside BTS/MRT stations. It launched the original IDEO brand in 2007 and the more compact, station-adjacent IDEO MOBI line in the first quarter of 2012, both credited with pushing station-proximity from a nice-to-have into the default expectation for Bangkok mid-market condos. The wider condo lineup now also includes Ashton (upper-mid), Ideo Q, Coco Parc, Culture and Elio, alongside housing/townhouse brands Artale, Airi, Atoll, Arden, Urbanio and Unio Town. Recent revenue has been softer than the other two — trailing-twelve-month revenue of roughly THB 5.5 billion, down around 12% year-on-year, against FY2024 full-year revenue of about THB 6.47 billion. Several Ananda-brand towers appear elsewhere on BAANLYY, including Ashton Morph 38 and Ideo Morph 38, covered in our pet-friendly condos report.
Established in 1991 as Asian Property Co., Ltd., AP took an unusual path to the stock market: rather than a conventional IPO, it completed a backdoor listing in 2000 through PCM Public Co., Ltd., a precast-concrete-floor manufacturer that had itself been SET-listed since 22 September 1992. The combined company was renamed Asian Property Development PCL, then renamed again to AP (Thailand) Public Company Limited on 10 May 2013. Its condominium brands span a wide range: The Address and Rhythm at the premium end in districts like Chidlom, Phrom Phong and Charoenkrung; Life targeting transit-adjacent mid-to-upper buyers; and Aspire at the entry-level/value end for first-time buyers. AP posted FY2025 revenue of roughly THB 37.6 billion, the highest of the three compared here, and announced 44 new residential project launches worth a combined THB 59.6 billion in 2025 alone — the largest recent launch volume of the group.
A few things you might expect to see here are missing on purpose, not by oversight:
Founding years, listing history and brand names were checked directly against each company's own investor-relations "History" or "Company Profile" page. Revenue figures came from a mix of company-stated profile text (Sansiri) and financial-data aggregators that cite SET-filed figures (Ananda, AP) — see the Sources section below for the specific official registries used. Where a figure could not be independently confirmed to our standard, it was left out and flagged in Section 05 rather than estimated. This page will be revisited periodically as new annual/quarterly disclosures are published.
BAANLYY can connect you with vetted agents and property lawyers who can walk through a specific project's current pricing, foreign-quota status and developer track record in detail.
General information only — not investment, legal or financial advice. Founding years, listing history and brand names are sourced from each developer's own investor-relations pages as of July 2026; revenue figures come from company profiles and financial-data aggregators citing SET disclosures and reflect different reporting periods per company (see Section 06). Figures change as new disclosures are published — always verify current numbers directly with each company's investor-relations page or the Stock Exchange of Thailand before relying on them for a decision. BAANLYY never takes paid placement.
Corporate history, listing dates and brand names were verified against each developer's own investor-relations pages (investor.sansiri.com, investor.ananda.co.th, investor.apthai.com) in addition to the official SET and SEC registries linked above.