There are a number of new developments in real estate in Bangkok. Real estate business associations are opposing a new Bangkok city planning statute aimed at limiting high-rise buildings to roads that have a width of at least 12-16 meters.
Such requirements make it impossible to build a condominium in more densely populated areas, while lower land price areas are starting to see an increase in value. When the land is not fully utilized, it is not worth the investment to build and middle-income consumers would not be able to live in the city. Most streets now in Bangkok would be unable to host new condominium developments.