Condominium developers are urging the Bangkok Metropolitan Administration (BMA) to speed up amending car park requirements for projects along the mass transit systems.
Thamrong Panyasakulwong, president of the Thai Condominium Association (TCA), said this would benefit condominium buyers, as easing municipal requirements for car parks would increase the saleable area of condos while reducing their selling prices.
"Car parks generally account for 25% of total construction costs and are a hidden cost in a condo unit's price. If the requirements are eased or even lifted altogether, that would shave 10% off the selling price of a unit," said Mr Thamrong.
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