Leading condominium developer L.P.N.Development Plc plans to launch two townhouse projects next year worth Bt200m each, said managing director Opas Sripayak. The smallscale developments will be on 4- to 5-rai plots where land is cheap.Each project will have 30 to 40 threestorey units priced from Bt3 to 5m. The relatively small size of the developments will cut construction time to about six months, he said.

The country’s second-largest developer, Preuksa Real Estate Plc (PS), has closed sales of a condominium in Lat Phrao recently approved by the Board of Investment (BoI), while the condo leader L.P.N. Development Plc has received early-stage approval for its new BoI condo in Bang Kae. The large developers’ applications follow changes in BoI Home regulations in July. The minimum space for units qualifying for incentives was reduced to 28 square metres from 31 and the maximum price was raised to Bt1m from Bt600,000.