Bangkok condo boom spreading outward
With more than 60% of condominium units now located in outlying suburban areas, the rush to develop the greater Bangkok area shows no sign of abating, providing the labour can be found
- Published: 3 Feb 2013 at 00.00
- Newspaper section: Spectrum
Condominium development in Bangkok continues at a frenzied pace, and the only thing slowing development has been a shortage of workers to complete them. Labour-related delays that began last year could result in nearly three times as many units being completed this year as in 2012 _ if enough workers can be found.
Around 31,100 new condominium units were completed and registered with the Land Department in 2012, a lower number than expected. The labour shortage affected the progress of construction, and many projects pushed back their completion dates to this year. The total existing supply for all of Bangkok is about 354,900 units.
Nearly 218,400 condominium units, 62% of the total, are now located in suburban or outlying areas of Bangkok. Within the main urban region, the northern fringe contains the most units, followed by the city centre and southern fringe areas, because of their proximity to commercial districts and mass-transit connections.
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