Thailand developer Supalai has introduced two new condominium projects worth Bt1 billion each in Rayong and Chon Buri provinces.

According to property experts say, although Land prices have continued to rise, the developers mostly seek plots close to Skytrain, MRT for projects and by over 20% in locations close to existing and planned mass-transit routes and more than doubling in some areas.

Prices have consistently risen since the Treasury Department's implementation of revised appraisal values in July last year as demand to buy land for developing both residential and commercial projects increases, especially in locations near to the current mass-transit system and planned route extensions.