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Thailand Developers Open to Low-Cost Housing

By on Nov 16, 2015 in Property News

On 16th October, Deputy Prime Minister Somkid Jatusripitak and Finance Minister Apisak Tantivorawong met with property developers and urged them to build low cost accommodation. Under this policy, the government will offer land for the projects which will help property developers to reduce their land cost.

Pruksa Real Estate Chief Executive Officer Thongma Vijitpongpun told The Nation, “We are interested, but we have to do a feasibility study on whether we can build residences costing lower than THB 600,000 per unit. If we can, we will.

Property Perfect Chief Executive Officer Chainid Adhyanasakul  said the company would welcome participation in the development of low-priced homes for low income customers under the concept of social-enterprise business.

The land is across the couuntry, but there are no land plots in Bangkok.

Source: The Nation, 6th November 2015
For the full article click here.

Nora has been in the Corporate Communications arena for a number of years. Nora's role is to communicate all newsworthy items that are of a PR nature.

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