Small developers may have trouble completing new condos, according to a new report.

Raimon Land says smaller firms may have trouble even starting their projects in the current climate, and so buyers should look carefully at where they invest.

Raimon’s annual research publication Condominium Focus Thailand says 28,892 condo units were set to be finished in Pattaya over the next three years.

But new figures suggest that of these, 3,258 units, or about 15 per cent, have now been suspended.


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