Thailand Construction Articles & Analysis

Chapter | Construction & Real Estate from The Report: Thailand 2018

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...

In its April 2018 Economic Monitor for Thailand, the World Bank reported that GDP growth accelerated to 3.9% in 2017, from 0.91% in 2014, 2.94% in 2015 and 3.23% in 2016. This was the fastest expansion since the 7.24% recorded in 2012, and was driven by strong global growth, increased export revenue and a modest recovery in private consumption.

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How do you see the newly formed Infrastructure Asia dovetailing with transnational initiatives like the Belt and Road?

 

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...

 

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...

 

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...

 

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-...

 

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...