Thailand's leading real estate agent

A boost for the Bangkok Condo market

By on Mar 10, 2016 in Property News, Residential

The government is ready to invest 20 billion baht for each of the yellow and pink mass transit lines. This will be under the public-private partnership (PPP) scheme. The latest PPP committee has agreed for the Mass Rapid Transit Authority (MRTA) to implement the pink line (56.7 billion baht) and the yellow line (54.6 billion).  “The two mass-transit lines will be the first PPP fast-track investment projects that will cut the approval process for joint investment to nine months from two years under the normal process,” Finance Minister Apisak Tantivorawong said.  This is good news for the Bangkok condo market as properties developed and sold close to mass transit lines attract a premium.

The trains are projected to be in operation by 2020. The government is hoping public investment in big-ticket infrastructure projects will increase private investment in the Thailand economy. There is a target of boosting private investment growth to 10% in 2016. Increasing investment by 10% is expected to raise GDP growth to 5% and look to solve the middle-income trap.

This trend is set to continue not only for mass transit lines but also for major road projects too. Developers will be continuing to watch out for news on major infrastructure projects.

Source: Bangkok Post, 1st March 2016
For the full article click here

No comment





 

emailSubscribe Via Email

Privacy guaranteed. We will not share your information.

Follow Me on Twitter

Follow Me on Facebook

Subscribe via RSS Feed

Copyright © 2020 CBRE (Thailand) Co., Ltd. All Rights Reserved.