Thailand Construction

In 2008, for the first time in history, more than half of humanity was living in urban areas. Perhaps the most remarkable observation about this trend is the speed at which it has happened: as recently as 1900 urban areas accounted for 13% of the global population. Towns and cities are seen as the crucibles of opportunity for many rural...

The real estate market in Thailand is becoming one of selective opportunity. In the residential segment, international investors are still active in the high-end market and healthy uptake is evident in the mid range. However, the affordable-housing segment is suffering as domestic buyers continue to be weighed down by high levels of debt. On...

Legislative reform in various stages of consideration and implementation could help boost the property market, with positive effects for the wider economy. In particular, the liberalisation of land laws is expected to result in more investment and the optimal use of assets. However, change can also create challenges. Short-term disruptions may...

Recognising the need to tackle infrastructure deficiencies as part of plans to develop high-value industries and meet growing tourism demand, the government has shifted its construction targets from power and utilities to transport infrastructure. Indeed the government’s five priority areas for construction work between 2015 and 2022 target...

Although the construction industry contracted somewhat in 2017 following a strong performance the previous two years, the prospects for the sector remain broadly positive. Work progressed on many fronts, despite a few projects not launching as planned. Commuter rail initiatives advanced, double tracking works on intercity lines began, high-...