Category: Construction News

Thailand Unveils 99-Year Land Lease Policy to Attract Investors In a significant effort to boost foreign investment, Thailand is planning to extend its land lease terms from 30 to 99 years. Deputy Prime Minister and Finance Minister Pichai Chunhavajira announced this proposal at the CEO Econmas Awards 2024, signalling a potential paradigm shift for global investors […]

Pattaya banks on big tunnel to end persistent floods The people of Pattaya are hopeful that a new drainage tunnel will help resolve the resort city’s persistent flooding issues caused by heavy rainfall. Pattaya deputy mayor Manote Nongyai said on Friday that the big tunnel project has resumed and is expected to be operational by […]

Phatthalung to push airport plan construction to promote the province as new logistics hub for southern region. Authorities and the local tourism sector plan to build an airport in Phatthalung to promote the province as a new logistics hub for the southern region. The plan is expected to be proposed to the cabinet shortly and […]

Property developers beg Thailand’s central bank to modify loan-to-value ratio Fears grow that the slumping property market will severely affect building contractors and construction material suppliers Property developers are begging the Bank of Thailand to relax its loan-to-value (LTV) ratio measure and commercial banks to further reduce the interest rate for housing loans to save […]

Thailand develops eco-friendly seaport model at Laem Chabang Thailand is striving to implement environmental protection and social sustainability solutions in developing the country’s major infrastructure projects, such as the development of Phase 3 of Laem Chabang Port, Thailand’s only deep-sea port. Thailand is striving to implement environmental protection and social sustainability solutions in developing the […]

Boom anticipated for top Phuket projects Grade A residential projects in Phuket are valued at 337 billion baht and are expected to grow by 10-20% annually over five years, driven by demand from affluent buyers globally, according to C9 Hotelworks, a hospitality consultancy. Bill Barnett, managing director of C9 Hotelworks, said Phuket’s luxury properties are […]

Thailand’s Three-airport rail plan hits another snag Some coalition partners reportedly object to revisions in contract with CP-led consortium Opposition from within the coalition government has stalled revisions to a contract to build the long-delayed high-speed rail line inking Suvarnabhumi, Don Mueang and U-tapao airports, according to a source. The source on the Eastern Economic Corridor (EEC) Policy […]

Bangkok’s overpass removal talks to clear way for new Orange rail line construction A woman prepares to cross the road at Bang Khun Non intersection in Bangkok on Nov 5, 2023, during heavy traffic. (File photo: Apichart Jinakul) The Mass Rapid Transit Authority of Thailand (MRTA) will speed up its discussions with the Bangkok Metropolitan […]