Even though the minimum wage has gone up and there is no shortage of work, the construction sector in Thailand is facing a serious dearth of labourers. As developments in neighbouring countries have increased employment opportunities there and the minimum wage has risen across Thailand, companies have faced difficulties in finding workers for building sites. However, despite some setbacks...
Thailand Construction
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Chapter | Construction & Real Estate from The Report: Thailand 2014
Thailand’s green building and energy efficiency construction sector, which may need BT400bn ($13bn) in spending over the next two decades, is looking toward better certification standards and government incentives to drive growth. Figures released by the Department of Alternative Energy Development and Efficiency (DEDE) show that BT216bn ($7bn) was spent on energy efficiency between 2003 and 2011, highlighting the growing awareness of sustainability and conservation within Thailand in recent years.
Articles & Analysis | Trending up: Robust demand is seen in residential and retail segments, while focus turns toward industrial land from The Report: Thailand 2012
The domestic real estate market is currently marked by strong and resilient demand for condominiums in Bangkok and the spread of modern retail outlets such as hypermarkets, malls and big-box stores. However, during 2012, one of the most closely watched segments will be industrial land, as responses to the flooding in 2011 by manufacturers will...
Articles & Analysis | On firm footing: Continued growth expected with several rebuilding and new infrastructure projects in sight from The Report: Thailand 2012
With contractors large and small knowing they must make money by being efficient rather than counting on high-margin projects, the construction sector in Thailand is highly competitive. Large builders tend to stick to government contracts and are selective in working for the private sector, which is in part a legacy from the 1997-98 Asian financial...
Articles & Analysis | Industry insiders: A detailed look at the nation’s leading developers from The Report: Thailand 2012
Property developers in Thailand are a diverse lot, ranging from large, diverse companies with land banks that will suit their needs for years to come, to smaller companies considered takeover targets because the economy is developing and margins are increasingly tight. Pruksa Real Estate, which specialises in building low-income units, is the...
Interviews & Viewpoints | OBG talks to Apichart Chutrakul, CEO, Sansiri from The Report: Thailand 2012
Do you believe the development of Thailand’s residential property market is sustainable?