Connect with us

Real Estate

Thailand’s construction market is now driven by public infrastructure

Thailand’s construction market is driven by public investments in infrastructure as Government spending continues to focus its efforts in developing a robust transportation system.

Avatar

Published

on

Thailand is currently one of the most exciting hubs for contractors in Southeast Asia today, with a construction market value estimated at USD41.4 billion last year, according to a white paper released last week by corporate strategy consulting firm Solidiance.

New buildings and infrastructures amassed throughout the kingdom at a faster clip over the last few years, a trend that would indicate an especially busy year ahead for Thai real estate.

Overall, the number of buildings in the country increased 1.4 percent on average every year between 2012 and 2014.

Overview of Thailand’s construction sector

Thailand’s construction market is estimated to reach up to USD 41.4billion by 2016, with about USD 17.9billion coming from private investments and about USD 23.4 billion from the public sector, which includes the infrastructure segment.

Public infrastructure

Of the USD41.4 billion siphoned into Thai construction last year, USD23.4 billion can be traced to the public sector.

This mainly covers lavish public expenditure on infrastructure, aligning with the Thai government’s renewed thrust toward improving the country’s transportation system.

Since 2015, transport officials have executed plans to increase infrastructure investments in Bangkok’s mass rapid transit line, although delays have been widely reported.

 

Growing condo market in metropolitan Bangkok

Such increase in public works have literally widened the path to residential construction in the Thai capital. With public transit lines currently under construction, Bangkok’s city center is gradually expanding, Solidiance researchers contended.

The government has also approved the development of the Eastern Economic Corridor, which concentrates on construction of transport infrastructure, sea, and rail. This move will further support Thailand’s position as a major economic zone in ASEAN.

Continue Reading
Advertisement Load WordPress Sites in as fast as 37ms!
Comments

Property

Record low sales rate hits Bangkok condo market

Bangkok hit a decade-long record for new condos entering the market, with 65,000 new units launched throughout 2018, but the sales rate fell to a 15.7% record low.

Olivier Languepin

Published

on

The sales rate for new condos launched in Bangkok in the second quarter fell to 15.7 %, an all-time low, beating the lowest previous quarter (35%) in 2010 when the “red shirt” political crisis brought Bangkok to a standstill.

(more…)
Continue Reading

Property

What’s top of mind for corporate real estate in 2019?

Flex isn’t just co-working, and it’s evolving rapidly. Companies both large and small are increasingly implementing new space concepts and flex models whilst also reimagining their existing workplace to be more agile and dynamic.

Daniel Lorenzzo

Published

on

Increasing alignment of corporate real estate’s (CRE) strategic goals with broader enterprise priorities is a key insight emerging from JLL’s top 10 CRE trends for 2019. 

(more…)
Continue Reading

Real Estate

Before You Buy try to Rent

Simply inspecting the property at the site or show unit is not enough to really tell what the real living experience will be.

Daniel Lorenzzo

Published

on

Buying a home is a big decision in life. For a super luxurious condominium worth more than THB 50 million per unit in a prime location, it is hard to know which building or unit will suit you the best without a real test of actually living in the building.

(more…)
Continue Reading

Most Read

Upcoming Events

Thu 19

ASEAN (Bangkok)Toys and Preschool Expo

September 19 @ 10:00 am - September 21 @ 7:00 pm BMT
Oct 10
Oct 16

GovInsider Live

October 16 - October 17

Press Release

Subscribe via Email

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

Join 11,118 other subscribers

Trending