“Builder” in Italy it is a somewhat derogatory term. In Anglo-Saxon countries a more measured term is used: 'developers'. But even in those countries the 'developers' are not looked upon favorably, even if there is no doubt that a good 'developer' earns a lot of money.
The first requirement to be a 'developer' is to have the raw material available: land and/or buildings. And those who already have them available may be tempted to do the 'developer' on their own. So what do monarchies around the world do with their real estate assets, which are usually substantial?
In Thailand, where the king is revered almost as a deity, the Crown Property Bureau, which manages the (immense) crown assets, has decided to take the plunge and use some building land for large condominiums to be sold to subjects. He has set up a private law company and construction will begin soon. Usually the problem for developers is funding, but the Crown Property Bureau doesn't have the problems that plague mere mortals. It receives substantial dividends from Siam Cement Group and Siam Commercial Bank and will put that cash to good use.
Read the news in the Bangkok Post
