Developers in the Thai real estate industry are exhibiting a greater degree of caution in their investments, it has been claimed.
A report published by CB Richard Ellis (CBRE) Thailand noted that a slowdown in demand from speculators has largely driven the change.
In Bangkok, firms that are purchasing land for construction projects are focusing on the area around the route of the new purple line railway system, the organisation revealed.
The track, which is currently under construction, is scheduled to open in 2014 and will provide train services between Bang Phai Canal and Tao Pun.
Meanwhile, developers are rushing to apply for building permission at many sites across Thailand, CBRE found, because proposed alterations to town planning regulations may make it more difficult for projects to get the go ahead.
One of the main changes being suggested under the new rules is a further restriction on the size of building that can be constructed on narrow roads, the firm highlighted.
Article by +James Roberts on behalf of Propertyshowrooms.com
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อ่านเพิ่มเติมได้ที่…Housing developers ‘showing more caution’ in Thailand