"High-rise condo developments require large plots, which means higher land costs," he said. "Plots for high-rise buildings in the Sukhumvit area are usually on main roads, as they are wider than alleys." "We remain focused on low-rise developments to launch units priced lower than high-rise projects. Rental rates are around 1,000 baht per sq m per month. The eight-storey condo with 415 units worth 1.6 billion baht will be located on Sukhumvit Soi 50, near On Nut skytrain station.

Source: Bangkok Post September 13, 2018 00:11 UTC