rooster59 Posted November 2, 2019 Share Posted November 2, 2019 High-speed train project to promote housing development in EEC By THE NATION Government Housing Bank inspector and acting director-general of the Real Estate Information Centre Vichai Viratkapan said this week that the recent signing of the high-speed train project linking three international airports will promote development in the Eastern Economic Corridor (EEC) region and woo property firms to develop land plots around the planned train stations. He expects developers in Rayong and Chachoemgsao to start promoting detached houses to serve executives who will move to work in the provinces and move away from the current focus on townhouses, which have been built to meet the demand from local residents and those working on the industrial estates. Land prices in the EEC area, which soared in the recent years, are now relatively stable, he noted, adding that he believed that landowners with large tracts will gradually put parcels of land on the market to profit from the business opportunities in the EEC. The average price of condominiums and houses in EEC provinces is currently higher than other provinces. When the high-speed train’s construction is completed, and more tourists come to EEC provinces, investors will buy the condominiums and houses and rent them out, he said. This would push the prices higher. The EEC zone covers the provinces of Rayong, Chon Buri, and Chacheongsao. On October 24, the Charoen Pokphand-led consortium and the State Railway of Thailand signed the contract for the development of a high-speed railway linking Don Mueang Airport in Bangkok, Suvarnabhumi in Samut Prakan and U-tapao in Rayong. Source: https://www.nationthailand.com/news/30378007 -- © Copyright The Nation Thailand 2019-11-03 Follow Thaivisa on LINE for breaking Thailand news and visa info Link to comment Share on other sites More sharing options...
Popular Post happy chappie Posted November 3, 2019 Popular Post Share Posted November 3, 2019 Schemes,plans,schemes.what might look good on paper might well not work in reality.by the way what tourists are they on about. 3 Link to comment Share on other sites More sharing options...
Popular Post Aj Mick Posted November 3, 2019 Popular Post Share Posted November 3, 2019 Now, just who might have amassed relatively large tracts of land in the vicinity over relatively recent years? 5 Link to comment Share on other sites More sharing options...
Popular Post SoilSpoil Posted November 3, 2019 Popular Post Share Posted November 3, 2019 I wonder who will bear the losses once this train is in operation. 4 Link to comment Share on other sites More sharing options...
mikebell Posted November 3, 2019 Share Posted November 3, 2019 Does this mean houses/condos for sale in Pattaya will suffer another price reduction? 2 Link to comment Share on other sites More sharing options...
Cadbury Posted November 3, 2019 Share Posted November 3, 2019 42 minutes ago, SoilSpoil said: I wonder who will bear the losses once this train is in operation. The same people who always bear the losses for Thai Airways and the SRT. One thing for sure it won't be the CP Group. 2 Link to comment Share on other sites More sharing options...
Popular Post Oziex1 Posted November 3, 2019 Popular Post Share Posted November 3, 2019 1 hour ago, happy chappie said: Schemes,plans,schemes.what might look good on paper might well not work in reality.by the way what tourists are they on about. The tourists wanting to see the EEC ghost town. 2 1 Link to comment Share on other sites More sharing options...
Burma Bill Posted November 3, 2019 Share Posted November 3, 2019 Quote:- "and woo property firms" Chinese by any chance?? 1 1 Link to comment Share on other sites More sharing options...
zydeco Posted November 3, 2019 Share Posted November 3, 2019 This is where all the Chinese will be living. 1 Link to comment Share on other sites More sharing options...
bluesofa Posted November 3, 2019 Share Posted November 3, 2019 19 minutes ago, zydeco said: This is where all the Chinese will be living. I thought the new tracks were continuous, I didn't realise there was a chink in them? 2 Link to comment Share on other sites More sharing options...
Srikcir Posted November 3, 2019 Share Posted November 3, 2019 10 hours ago, rooster59 said: more tourists come to EEC provinces That I wouldn't count for tourists. The EEC is an industrial economic center for manufacturing and specialized services (ie., aerospace industry). It will likely develop into a bedroom community to support such industries with little or no antecedent historical or cultural significance nor geographical interest (except to view a failed agricultural industry due to the EEC overwhelming for its water). Tourists who want the Thailand shopping mall, street vendors, canal markets and modern mass transportation experiences will stop far short of the EEC region. 1 Link to comment Share on other sites More sharing options...
fforest1 Posted November 3, 2019 Share Posted November 3, 2019 (edited) 2 hours ago, Srikcir said: That I wouldn't count for tourists. The EEC is an industrial economic center for manufacturing and specialized services (ie., aerospace industry). It will likely develop into a bedroom community to support such industries with little or no antecedent historical or cultural significance nor geographical interest (except to view a failed agricultural industry due to the EEC overwhelming for its water). Tourists who want the Thailand shopping mall, street vendors, canal markets and modern mass transportation experiences will stop far short of the EEC region. Wrong the EEC is going to be a Sanctuary region full of sustainable connected smart cities and living communities based on best managed practices....It will have many greenways based on local environmental initiatives..It will have vibrant communities based on UN vison protocol for metropolitan planning.....etc..... The tourist will love the EEC.....If they dont love the EEC they will be sent re-education camps until they learn to love the EEC....All will love the EEC..or..... Edited November 3, 2019 by fforest1 2 Link to comment Share on other sites More sharing options...
baansgr Posted November 3, 2019 Share Posted November 3, 2019 Bang Saray and Sattahip are overflowing with unsold properties already, can't even give them away....same houses and land on market for years....just who is gonna buy all these new houses... 1 Link to comment Share on other sites More sharing options...
Redline Posted November 3, 2019 Share Posted November 3, 2019 What does China get when the trains fail? 1 Link to comment Share on other sites More sharing options...
PatOngo Posted November 3, 2019 Share Posted November 3, 2019 18 minutes ago, Redline said: What does China get when the trains fail? A solid foothold for their expansionist aspirations! 2 Link to comment Share on other sites More sharing options...
Isaan sailor Posted November 4, 2019 Share Posted November 4, 2019 I can't see Thai people using a high speed train. Unless they use 3-tier pricing--Thai, Chinese, and farang. Link to comment Share on other sites More sharing options...
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