Connect with us

Real Estate

Labour Shortage hampers Real Estate Business in Thailand

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

Published

on

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 | MCOT.net.

Click to comment

Leave a Reply

Lifestyle

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.

Published

on

The decline of Bangkok reflects the severe impact of the Covid-19 pandemic on the rental market in the tourism-reliant Thai economy, according to ECA’s latest survey.

(more…)
Continue Reading

Property

Is There a Silver lining amid COVID-19?

Thinking of the future impact of this pandemic on office buildings, it may have already dawned on many of us that a majority of potential long-term trends and health measures will become permanent work-life features in the times to come.

Published

on

A direct result of COVID-19 containment measures is that organisations are taking a real-time look at the effects of prolonged off-site work and its relation to productivity.

(more…)
Continue Reading

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 14,159 other subscribers

Wise

Recent