Thailand’s economic corridor sees residential projects boom

• 26 November 2019
• Property Focus
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Thailand’s enormous Eastern Economic Corridor (EEC) has seen residential projects achieve a combined value of US$18.4 billion, according to the Government Housing Bank’s Real Estate Information Centre.

Reporting on the government data, The Nation newspaper noted that the economic corridor, incorporating the provinces of Rayong, Chonburi and Chachoengsao, now has 30,954 residential projects as of June 2019 with around 185,179 units for sale. Read more:

Around 57,314 units worth a combined 102.6 billion baht were transferred to purchasers in 2018, up 20 percent from 2017, Real Estate Information Centre acting director-general Wichai Viratakaphan told The Nation.

Around 61,284 firms are licenced to operate in the EEC, a significant increase from the 6,800 listed in 2017, with around one-sixth in the real estate sector.

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