Meanwhile, both listed and nonlisted residential developers are launching low- and high-rise projects worth more than Bt50 billion combined in this location. They include projects developed by listed companies Pruksa Real Estate, Land &Houses, Quality Houses and NC Housing.
"We believe home-buyers view the 2011 flooding as a [rare] natural disaster, and it has not affected their desire to buy a home in this location,"said Prasert Taedullayasatit, Pruksa Real Estate's managing director for condominiums.
Pruksa has launched two condominium projects under the Plum brand, worth up to Bt6 billion combined, in the location in the past year.