Since 1993, the Board of Investment has promoted the development of medium and low-income housing. At the June 10 meeting, the Board deemed it appropriate to adjust the conditions and pricing for promoted projects to reflect the current market situation. Noting that investors incur the primary costs of property and construction materials, which comprise about 70-80% of the total cost, Industry Minister Chanchai Chairungruang said that “due to the increase in wage rates, the committee has allowed investors to increase the selling prices” of projects under BOI promotion.
Under the adjusted conditions, projects must construct a minimum of 50 units, regardless of location. In Zone 1, apartment buildings must have area of at least 28 sq.m. per unit and a maximum selling price of Bt 1 million. Townhouses or single detached houses in Zone 1 must not be less than 70 sq.m. with a maximum sale price of Bt 1.2 million. In Zones 2 and 3, the sale price and minimum area have remained the same at 31 sq.m. per unit and a maximum of Bt 600,000 per unit.
