Sena to extend LivNext scheme

SET-listed developer Sena Development is planning to extend its rent-to-own scheme to low-rise houses and rebuild buyer confidence in high-rise condos in the aftermath of the earthquake, which severely impacted Bangkok’s condo market.

- KANANA KATHARANGSIPORN

Managing director Kessara Thanyalakpark said the company has begun piloting the rent-to-own programme with low-rise houses, following its earlier implementation with condos last year, though the number of participating low-rise units remains limited.

“We will expand the number of low-rise units under the programme this year, as we expect many homebuyers may shift to low-rise houses over condos after the earthquake raised concerns about high-rise living,’ she said.

Under the programme named LivNext, buyers rent directly from the company, with monthly payments converted into savings that are later deducted from the home price at the time of unit transfer.