Developers require rejig to flatten prices Move to combat dip in purchasing power Residential developers should revise down unit sizes and adjust some features to keep housing prices flat in order to accommodate sluggish purchasing power after prices were pushed up by higher costs caused by the impact of the Russia-Ukraine war. Meanwhile, developers will be more cautious about land purchases to avoid incurring higher costs from a new tax. Issara Boonyoung, honorary president of the Housing Business Association, said home construction costs would rise by 5-10%, particularly for residential unit…

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