Utter nonsense. Most countries have planning laws regarding construction, city plans, traffic notes - IT'S CALLED PLANNING. Most cities have these. And Thailand does have a few small rules in some places before you say a land buyer can buy and do what he wants, eg in China Town there are strict rules in place over heights of new developments (although that is being eroded too). There are heritage areas and buildings that should be preserved for history and future generations - SO NO A DEVELOPER CANNOT JUST DO 'AS HE WISHES'. Building condo after condo in tight areas - because they are lively and active, but ironically you are gentrifying it, harms that area in the long run. Thong Lor for example has been wrecked. The effects on traffic, dust, misery to those living in those neighbourhoods when you have the same few developers buildings all around them. And whilst a developer may well make big money, the harm to a city like Bangkok, it's tourism can be harmful - so again planning laws need to be stronger.
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