Housing glut reflects Thai doldrums

“In Thailand, there is no shortage of housing at all,” says Sopon Pornchokchai, president of the Agency for Real Estate Affairs (AREA). In a report published in December, AREA estimated that 397 new housing and condominium projects were launched in Bangkok last year, putting 117,112 new units to the market, up 8% year-on-year. “If this […]