Weekly Thai Real Estate News Roundup, Week 28, 2023

Smart Park Industrial Project Unveils Ambitious Plan to Drastically Reduce Carbon Footprint

Mr. Wiras Amrapan, the Director of Thailand's Industrial Estate Authority, has unveiled an array of innovative carbon reduction strategies for the Smart Park industrial park during its construction phase. Designed as a cutting-edge facility, Smart Park incorporates advanced technologies, efficient communication and transportation systems, sustainable energy management, and a strong commitment to environmental sustainability. The project's internal technologies, including renewable energy and hydrogen utilization, Carbon Capture and Storage (CCS) systems, and clean energy transportation, have the potential to reduce CO2 emissions by an impressive 72% (equivalent to 1,014,000 tons per year) compared to traditional industrial estates.

For More Information: https://www.thansettakij.com/sustainable/zero-carbon/570689

Q2 2023 Sees Soaring House Construction Costs: 12.5% Surge in Tile Prices, 5.8% Rise in Labor Costs

The Real Estate Information Center (REIC) has reported a significant surge in house construction costs during the second quarter of 2023. Notably, the costs have been driven up by a sharp increase in construction materials, specifically tiles and wood, with prices rising by 12.5% and 4.6% respectively. Additionally, labor costs have experienced a 5.8% increase compared to the previous year, highlighting market dynamics characterized by higher minimum wage rates and a scarcity of skilled labor.

For More Information: https://www.bangkokbiznews.com/property/1077852

Introducing the e-QLands app, allowing you to make land bookings early

The Ministry of Interior's Department of Lands has introduced the revolutionary e-QLands app, revolutionizing land booking processes and expediting transactions for landowners. This groundbreaking app allows users to not only make early land bookings but also significantly reduce their waiting time at the Department of Lands. With the ability to schedule appointments and access queue schedules round the clock, the e-QLands app ensures convenience and efficiency. Available for both IOS and Android users, the app can now be downloaded from the App Store and Play Store.

For More Information: https://eqlands.dol.go.th/