Changing real estate landscape in Thailand

Construction News

RICS ASEAN Conference in Bangkok attracted over 200 participants
The recent RICS’ ASEAN Conference which wrapped up last week at the Sheraton Grande Sukhumvit Hotel in Bangkok attracted over 200 participants from Thailand and across Asia, consisting of many top executives from the government, property, surveying, financial and engineering fields.
Renowned speakers from academic, private and public sectors were present at the conference to share in-depth views of the outlook of the current investment and labour market and experience in Thailand.
The conference theme for the morning and afternoon sessions were – ‘Opportunities and threats to Thailand in AEC 2015′ and ‘Reflecting uncertainty in valuations: lessons learned and infrastructure solutions for natural disasters’ respectively.
Indeed, the one-day conference was intended to provide a valuable insight to the global implications and local trends in the financial, economic and real estate fields.

Members of the RICS and other professional bodies in Thailand involved in land, construction and property will have a key role to play in AEC and infrastructure solutions, in particular the diverse range of cost consultants, valuation experts in the residential, industrial and commercial sectors, flood management experts and project managers.
For Thailand in particular, foreign ownership restrictions have served their purposes in the past, but modifying them to effectively manage the changes that AEC brings would be a welcome move.
In his closing speech, His Excellency Mr Asif Ahmad, British Ambassador to Thailand, called upon more global professional bodies such as RICS to take the lead role to bring in real estate knowledge and insights to help build a prosperous investment and real estate market for Thailand.
For those based in Thailand, the message was clear – take full advantage of the opportunities created by the AEC whilst retaining your national identity, language and culture or lose out to other nations.


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