Thailand’s property market may be adversely affected by new regulations for developers, according to one industry expert.
Speaking at a conference, president of Noble Development Thongchai Busrapan cited the current floor-area ratio (FAR) as one example where more flexibility needs to be adopted, the Bangkok Post reported.
The FAR affects how many storeys a building can be. In some areas of the Thai capital, for example, an FAR of 1:10 is in place, which means for every square metre of land up to 10 sq m of building can be constructed.
Mr Thongchai asserted: “Thailand should have superblocks or more flexible FAR zoning, with higher FAR near public transportation to attract property development.”
A report published by Colliers International earlier this year highlighted developers’ concerns about the new town plan for Bangkok, noting one area of contention is the proposal to prevent buildings higher than 23 m being constructed on roads less than 16 m wide.
Many of Bangkok’s roads are narrower than this, so the restriction would prevent high-rise development and affect land prices in the city.
Article by +James Roberts on behalf of Propertyshowrooms.com
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อ่านเพิ่มเติมได้ที่…Regulations ‘may hold back Thai property growth’
Regulations 'may hold back Thai property growth'
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