Preuksa takes lead with BoI condos

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.