An expected outcome of Thailand’s rapid economic expansion is widespread urbanization as more and more people migrate to cities. Bangkok, the capital city alone, is expected to see more than 2 million new residents between 2015 and 2025, according to reports from the country’s National Economic and Development Board (NESDB) and JLL.
An expected outcome of Thailand’s rapid economic expansion is widespread urbanization as more and more people migrate to cities. Bangkok, the capital city alone, is expected to see more than 2 million new residents between 2015 and 2025, according to reports from the country’s National Economic and Development Board (NESDB) and JLL. The total urban population could see an increase of 6.7 million.
In this context, there is a spike in the demand for buildings that meet the need for office spaces, residential complexes, and commercial buildings. Speaking at a panel discussion held recently in the run-up to Secutech Thailand, Chakrapan Pawangkarat, Head of Property and Asset Management at JLL Thailand pointe...