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NHA to Emphasise Projects Near Transit Routes Featured

The present Bangkok mass transit system The present Bangkok mass transit system

Thailand National Housing Authority(NHA)'s new governor released its first priorities will open up opportunities for people to acquire homes near Greater Bangkok's mass-transit system and to complete the remaining 49,000 units of the Baan Eua-Arthorn project.

Krisda Radsakul said the NHA would start constructing homes near existing and planned routes of the transit system.

The first project is a condominium complex near Bang Yai Station of the MRT Purple Line. Construction will start in 2015, when the line is to be in operation.

The next location is Bang Ping Station on the planned extension of the BTS Skytrain's Silom Line from Bearing to Samut Prakan.

These projects are part of the NHA's business plan to join with state agencies to develop residential projects to support the demand in the market by offering reasonable prices for home-buyers, he said.

The authority may undertake these projects by setting up a joint-venture development firm or it may use the Public Private Partnership Act. This will depend on determination of the best way to develop the projects, he said.

Meanwhile, the NHA will also speed up development of the rest of the Baan Eua-Arthorn project. It has already completed 293 projects with 270,466 units, and 23 more projects with 49,000 are still under construction, he said.The NHA has also studied the demand for homes resulting from people's relocation from rivers and canals in Greater Bangkok according to the government's water-management plan. The study indicates demand for about 70,000-80,000 residential units.

"If the government decides to request relocations, we are ready to develop homes to support this demand," Krisada said.

He added that the agency was waiting for the National Economic and Social Development Board (NESDB) to approve its business plan to develop 96 residential projects worth Bt50.2 billion between this year and 2016.

Under that plan, 22 projects with 7,812 units were to be developed this year.

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