That's where the small developers step in," he says. Better situated plots are also feasible for small-scaled projects that don't capture the interest of large developers. "It is not necessary [for a condo project] to cling to a mass transit station. All of the condo projects are low-rise buildings with eight storeys located in non-central business district locations like Lat Phrao, Saphan Mai, Ngam Wong Wan, Ram Intra, Min Buri and Ratchadaphisek. "Small developers should work hard, do more market research and follow customer trends and lifestyles," says Mr Kromchet.

Source: Bangkok Post March 20, 2017 00:00 UTC