Construction & Real Estate

Although the construction industry contracted somewhat in 2017 following a strong performance in 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-speed rail track was laid, and plans for the transformational Eastern Economic Corridor were promoted. 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. In all property categories, resilience is seen in assets that are located near related infrastructure, such as transportation routes and schools, as well as those that offer unique features. This chapter contains interviews with Anutin Charnvirakul, Former President, Sino-Thai Construction; and Visit Malaisirirat, CEO, Magnolia Quality Development Corporation.