Real estate sector is still enjoying windfall from rail line projects

[webfact]

Real estate still enjoy windfall from rail line projects

 

 

BANGKOK: -- The Housing Business Association (HBA) says the real estate sector is still enjoying the government's infrastructure projects with election that this year it will see 5% growth.

 

HBA president Atip Bijanonda said recent approvals of several electric rail line projects by the government, have raised high hope for real estate developers in the country that there will be a boom for townhouses strategically located along these new lines.

 

For the association, it expects the real estate sector in Bangkok and its surrounding provinces to experience a growth of 5% this year.

 

He said most of the growth will be due to a significant rise in the demand for town-houses which they expect will rise by 10% especially along planned new electric rail lines.

 

Full story: http://englishnews.thaipbs.or.th/real-estate-still-enjoy-windfall-rail-line-projects/

 

-- © Copyright Thai PBS 2017-02-24

 

[BlindMagician]

All the players cashing in on this...Usual corrupt process of deciding where the line goes and manipulation of land or building ownership. Some people made big money from this.