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Real estate still enjoy windfall from rail line projects

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.

These include the northern Green Line running between Mo Chit-Saphan Mai-Khu Khod in Pathumthani province and the Blue Line from Bang Sue-Tha Phra.

He also said in overall, prices for town-houses are comparatively cheaper than condominium units and provide greater convenience for travel as most will be constructed in sois located near train stations.

Source: Thai Public Broadcasting Service (Thai PBS)