An important engine of growth for Thailand, the construction sector is acting as a hedge as many other sectors face challenges in the form of global economic weakness and tepid consumer demand. Together with tourism and, to an extent, finance, construction is keeping the slowdown from becoming too severe. This is a significant change from...
The Thai real estate market is decidedly split. In general, buyers are increasingly constrained and finding it difficult to fund or finance purchases. The average Thai is being held back due to persistent slow economic growth and high levels of consumer debt. However, in the centre of Bangkok and at the high end, the story is very different....
Following two challenging years, during which the country has experienced slower overall economic growth and reduced spending on large government contracts, the construction industry came roaring back to life in 2015 with the strongest growth rates on record. The resurgent construction sector expanded by a whopping 15.8% in 2015, making up for...
Buoyed by robust domestic demand and persistent foreign interest in Thailand as both a desirable location for vacation homes and a commercial base within the ASEAN community, the Thai real estate sector continues to perform well even in the face of slowing regional economic growth. In late 2015 the sector showed a significantly improved...
The country’s mass transit capabilities have grown by leaps and bounds over the past decade as the rollout of a network of road and rail projects has eased the gridlock in Bangkok. The increasingly broad reach and efficiency of the operating rail system has not only proven effective in easing travel for residents and visitors to the city and...
Several factors have converged to create a high demand for condominiums in Bangkok that remains strong despite Thailand’s periodic habit of threatening its own economy through political unrest. It has become a rule of thumb that, wherever the mass transit lines are expanding, condominium developers are alongside the new routes. Avoiding Bangkok’...
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