Prasert Taedullayasatit, president of the Thai Condominium Association, said sales of single houses and townhouses had picked up since the third quarter last year. Demand was strong for townhouses priced 2-3 million baht as large developers shifted to the segment.
Another good market was townhouses priced higher than 10 million baht located close to mass transit stations. The segment was able to compete with condos in the same location due to lower prices.
"Developers should prepare for changes in the real estate landscape," Mr Prasert said. "As happened last year, big developers are expected to continue dominating the residential market, putting smaller developers in trouble."