Houses, townhouses set to shrink
- Published: 28 Nov 2012 at 00.00
- Newspaper section: Business
The trend of smaller unit sizes is expected to seep into single houses and townhouses next year as land prices and construction costs rise, while consumers' budgets remain unchanged.
Soonthorn Sathaporn, managing director of the small developer Chalerm Nakorn Co, said consumer purchasing power cannot catch up with unit price rises due to the soaring cost of development. Just as condos have shrunk, so will single houses and townhouses.
The usable area for a single house next year could be as small as 110 square metres, down from 180 sq m, while that of a townhouse may be 70 sq m, down from 120 sq m, he said.
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