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.
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)
Bangkok falls 19 places to 49th most expensive location worldwide
Locations reliant on international tourism have seen their rental markets hit especially hard during the pandemic, resulting in some major drops in the rankings. Bangkok has fallen 19 places to 49th, while Hanoi saw a similar drop of 12 places to 81st.
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