SET-listed Sena Development has diversified into other property-related businesses as the margin from residential development is lower and younger people are not buying houses.
Managing director Kessara Thanyalakpark said competition in the housing market is rising, squeezing margins.
Some prospective homebuyers remain unable to acquire mortgage approval, while housing prices are unlikely to drop because of higher development costs, specifically increasing land prices and rising construction materials costs that are pushed by high fuel prices, said Ms Kessara.
