Real estate business operators are concerned over labour shortage after the government’s infrastructure investment projects get started next year. Issara Bunyang, chairman of the Housing Business Association, said housing construction as an industry employs more than three million workers.

Currently, it faces a labour shortage of hundreds of thousands of labourers, contributing to a slowdown of new real estate projects. He said the problem is likely to become aggravated next year when the government’s infrastructure investment projects such as water management projects and construction of electric mass transit systems, and expressways will get a start.

Bangkok construction site
Thailand faces a labour shortage of hundreds of thousands of labourers, contributing to a slowdown of new real estate projects


Mr Issara advised the government to negotiate with foreign governments to import workers from abroad–for example from Bangladesh–in addition to existing agreements on imports of foreign workers from Laos, Cambodia and Myanmar.

Regarding housing prices, Mr. Issara said prices are likely to rise by 5-10 per cent due to the increase of construction materials and daily minimum wage. (MCOT online news)


via Real estate business urges gov’t to help solve labour shortage |

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

You May Also Like

Thai Residential market sluggish on the back of higher interest rates and stricter loans

Unfavourable factors include higher interest rates, increases in expenses related to home purchase, and stricter criteria for approving loans.

Invest Smart in Thailand and make sure you get extra Rental Yields

Ashton Hawks proudly brings you to The Origin Kathu Patong, located in the heart of the thriving district Kathu. The Origin Kathu Patong is the latest freehold low-rise luxurious condos, offering you a high standard of luxury living in the tropical paradise. 

Foreign buyers are back in Thailand’s property market

Foreign buyers typically have higher budgets than Thai buyers, preferring to live in main business districts and along the banks of the Chao Phraya River.