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Bigger not better for Bangkok housing market

Posted on 30 November 2012

Smaller is better, or at least more affordable, as land prices and construction costs rise for single houses and townhouses next year, while consumers’ budgets remain unchanged, the Bangkok Post reported.
Soonthorn Sathaporn, managing director of the small developer Chalerm Nakorn Co, told the newspaper, consumer purchasing power cannot catch up with unit price rises due to the soaring cost of development. Just as condos have shrunk, so will single houses and townhouses………………………………………..Full Article: Source


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