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

Real Estate

Bangkok Market to focus on the low-rise housing

Developers are shifting their overall development portfolio to the low-rise housing market where demand for single-detached houses and townhouses is driven entirely by Thai end-users and owner occupier purchasers.

Avatar

Published

on

The Bangkok condominium market has slowed down due to the accumulation of unsold stock and the tightening of mortgage lending regulations.

(more…)
Continue Reading

Real Estate

Thai Industrial Property market driven by rocketing Chinese FDI

Japan has been the largest source of FDI in manufacturing sector in Thailand since the late 1980’s, but their position may be replaced by China in the future.

Avatar

Published

on

Bangkok, 8 May 2019 – According to a survey in Q4 2018 by CBRE, a leading international property consultant, Serviced Industrial Land Plots (SILPs) sales by major developers in Thailand increased by 50% Y-o-Y at a total of 1,000 rai (160 hectares) sold.

(more…)
Continue Reading

Real Estate

Developers see potential in new international schools Investments

Apart from local demand, there is also a growing number of international students from neighbouring countries who choose to study in Thailand due to lower tuition fees and cost of living.

CBRE Thailand

Published

on

International schools in Thailand has exceeded 200 making it the country with the third-highest number in Southeast Asia as of 2018, according to research by International School Consultancy (ISC). This is in response to the rising demand from Thai parents who seek culturally diverse environments for their kids.

(more…)
Continue Reading

Most Read

Upcoming Events

Sep 19

ASEAN (Bangkok)Toys and Preschool Expo

September 19 @ 10:00 am - September 21 @ 7:00 pm BMT
Nov 27

The Future Energy Show Thailand

November 27 @ 10:00 am - November 28 @ 5:30 pm BMT
Dec 05

The Healthcare+ Expo Taiwan

December 5 @ 9:00 am - December 8 @ 5:30 pm BMT
Feb 19

13th World Congress on Nursing and Health Care

February 19, 2020 @ 9:00 am - February 20, 2020 @ 5:00 pm BMT
Phuket
Phuket city

Press Release

Subscribe via Email

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

Join 10,919 other subscribers

Trending