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Developer waits for new zoning |
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Tuesday, 08 July 2008 |
source: Bkk Post July 7 2008
The property developer Siamnuwat Co Ltd is
delaying the launch of a new condominium in the Phaya Thai area pending new
planning regulations for the areas surrounding Sa Prathum Palace, according to
general manager Tharathorn Aksaranuwat.
The company's site is located
within a 300-metre radius of the palace. ''In a worst case, we may be able to
develop [a condominium with a height] of only 23 metres or eight storeys,'' Mr
Tharathorn said.
The launch is now scheduled for February 2009 but
construction costs might be 10% higher by then as builders would need to comply
with new rules such as the use of non-glare glass, he said.
Reflections
from the windows of a high-rise near the palace had drawn complaints earlier
this year, prompting the Bangkok Metropolitan Authority (BMA) to look at new
rules.
''If we're lucky, we could develop 30 storeys, but construction
materials must comply with the new rules, which would make our selling prices
start from 90,000 baht per square metre,'' he said.
Under an earlier
planning draft that was rejected, any new construction and renovation of some
buildings in a 500-metre radius of Sa Prathum Palace would not be allowed while
new buildings' heights would be limited.
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