PS expects push to higher segment as land costs soar | Bangkok Post: business

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PS expects push to higher segment as land costs soar

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Cost push and economic growth will drive up the housing market this year in the middle and higher-end segments, says SET-listed developer and lower-priced market leader Pruksa Real Estate Plc (PS). 

Chief business officer Prasert Taedullayasatit said soaring land prices and higher development costs will raise housing costs 10% this year in the segments.

Higher costs will lift the proportion of PS's new projects in these segments this year from 10-20% previously to 30%. Prices in these segments start from 3 million baht.

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