| The property boom has drawn new developers, who have shifted from other businesses, along with long-dormant property groups, to launch projects in and outside Bangkok. Monchai Orawongpaisan, senior manager for project sales and marketing at property consultant Colliers International Thailand, said that more than half of new developers launching projects in recent years were from other sectors such as garments, jewellery and machinery.
Many had collected land for years and were not concerned that a new city plan due to become effective in May would have any impact on the potential of their plots, he said...............................................Full Article: Source |