Rising land prices, higher construction-material costs and a labour shortage are forcing leading property developers to revise their business strategies for next year. Several companies are delaying the launch of high-rise condominium projects, focusing instead on low-rise condominiums, and some have decided to wait for environmental impact assessment (EIA) permits before launching projects onto the market.

According information from the the Real Estate Information Centre of the Government Housing Bank, the ASEAN ECONOMIC Community coming up in 2015 is boosting residential demand in the Northeast, especially from Vietnamese, South Korean and Japanese investors expanding in Laos.

This is end of 2013, residential developers are lining up to give their 2013 sales a final push by launching more projects, such as Pruksa Real Estate Plc's latest condominium, the Bt900-million Condolette Pixel at Sathorn.

Sammakorn Plc is introducing its first condo project, the S9 worth Bt1.07 billion, this week, according to a survey in this week.