{"id":4133,"date":"2019-09-26T18:17:16","date_gmt":"2019-09-26T11:17:16","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=4133"},"modified":"2021-06-04T14:40:21","modified_gmt":"2021-06-04T07:40:21","slug":"thailands-sprawling-new-economic-corridor-now-offers-18-4bn-worth-of-homes","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/thailands-sprawling-new-economic-corridor-now-offers-18-4bn-worth-of-homes\/","title":{"rendered":"Thailand\u2019s sprawling new economic corridor now offers $18.4bn worth of homes"},"content":{"rendered":"<p>Meteoric jump in number of firms across the kingdom\u2019s eastern hub<\/p>\n<figure id=\"attachment_4134\" aria-describedby=\"caption-attachment-4134\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-4134\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/09\/shutterstock_194654912.jpg\" alt=\"\" width=\"1000\" height=\"563\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/09\/shutterstock_194654912.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/09\/shutterstock_194654912-300x169.jpg 300w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/09\/shutterstock_194654912-768x432.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-4134\" class=\"wp-caption-text\">Hua Hin, Thailand. All About Space\/Shutterstock<\/figcaption><\/figure>\n<p>Residential projects developed in Thailand\u2019s Eastern Economic Corridor (EEC) have reached <a href=\"https:\/\/www.phnompenhpost.com\/post-property\/184b-worth-homes-sale-thailands-eec\" target=\"_blank\" rel=\"noopener noreferrer\">a combined value of THB561.21 billion<\/a> (USD18.4 billion), according to the Government Housing Bank\u2019s Real Estate Information Centre via <a href=\"https:\/\/www.nationthailand.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">The Nation<\/a>.<\/p>\n<p>The economic corridor, a gargantuan area spanning the provinces of Rayong, Chonburi and Chachoengsao, is home to 30,954 residential projects as of June. The projects represent some 185,179 units for sale.<\/p>\n<p>Majority of the projects were concentrated in the province of Chonburi, hosting 664 projects or 136,273 residential units worth THB435.92 billion.<\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/thailands-secondary-property-markets-dont-play-second-fiddle\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>More: Thailand\u2019s secondary property markets don\u2019t play second fiddle<\/strong><\/a><\/p>\n<p>Rayong follows with THB84.51 billion worth of homes (34,596 units) and Chachoengsao with THB40.78 billion (14,310 units).<\/p>\n<p>Around 57,314 units worth a combined 102.6 billion baht were transferred to purchasers in 2018, up 20 percent from 2017, according to Real Estate Information Centre acting director-general Wichai Viratakaphan.<\/p>\n<p>\u201cWe saw strong demand for homes in the EEC in 2017 and 2018, but growth was slight in the first half of this year after the Bank of Thailand introduced the loan-to-value policy, which directly affected demand in the property market across the country,\u201d Wichai told The Nation.<\/p>\n<p>Around 61,284 firms are licenced to operate in the EEC, a meteoric increase from the 6,800 listed in 2017, The Nation reported, citing a report from the Commerce Ministry. More than 10,800 of the firms are in the real estate sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Meteoric jump in number of firms across the kingdom\u2019s eastern hub<\/p>\n","protected":false},"author":8,"featured_media":20294,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92],"tags":[513,516,515,436,309,245,514],"class_list":["post-4133","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-chonburi","tag-economic-corridor","tag-eec","tag-hua-hin","tag-industrial","tag-pattaya","tag-rayong","news_country-thailand","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Thailand\u2019s sprawling new economic corridor now offers $18.4bn worth of homes | Asia 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