By Nikki De Guzman:
Following the early resignation of former director-general Vitoon Chiasakul in January, the board of Thailand’s National Housing Authority (NHA) has nominated deputy director-general Krisda Raksakul to replace him, subject to the cabinet’s approval in July.
The main priority of the new head is to create business transparency and to sustain business growth in the long term, said NHA board chairman Suchatvee Suwansawat.
Separately, the NHA board has authorised an investment plan to build residential projects near Greater Bangkok’s mass-transit system. The first development is a condo complex near the MRT Purple Line’s Bang Yai Station. Construction will commence in 2015, when the rail line is completed.
The next project is at the Bang Ping Station, which is part of the upcoming extension of BTS Skytrain’s Silom Line from Bearing to Samut Prakan.
These projects are in line with NHA’s business plan to collaborate with state agencies to build more affordable homes for the people, he said.
Meanwhile, the NHA’s plan to build 96 housing projects valued at THB50.2 billion between this year and 2016 is yet to be approved by the National Economic and Social Development Board (NESDB). Under that plan, 22 projects with 7,812 flats will be developed in 2013, 30 projects with 14,218 units for next year, while the rest will be built in 2015 and 2016.
“We are ready to begin developing residential projects according to our plan when the NESDB gives its approval,” noted Suchatvee.
Furthermore, an NHA research indicated that there be will additional demand for 70,000 to 80,000 residential units due to people’s relocation from rivers and canals in Greater Bangkok.
“If the government decides to request relocations, we are ready to develop homes to support this demand,” he added.
Nikki De Guzman, Junior Reporter at PropertyGuru, wrote this story. To contact her about this or other stories email nikki@allproperty.com.sg
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