Thailands property developers are facing a shortage of workers.
Reports from property developers are there just not enough workers available to fill the demand for upcoming projects in the new year. The new minimum wage increases still will not solve the problem.
Thailand has a 0.6% unemployment rate according to "The Nation", and the construction, infrastructure, and manufacturing sectors are looking at a shortage of approximately 200,000 workers.
While reasons for this may be debateable and the above unemployment rate skeptable, the lack of workers seems prominent.
One attempt to solve the problem has come from the Housing Business Association asking Labour Ministry to ease restrictions on foreign workers. There are an estimated 2 million foreign workers in Thailand at the present time.
While it can't be estimated just how many delays in new projects breaking ground it would seem wiser for property buyers to be looking at projects nearing completion as opposed to buying empty shells on pieces of land that have not yet broken ground.
Here in Pattaya, where there are still a huge number of new projects lined up for 2013, even if builders can deliver units on time there may be a question of the local Thai government having enough workers to complete the necessary infrastructure...which all in the Pattaya Jomtien Beach area know is lacking to say the least.
Reports from property developers are there just not enough workers available to fill the demand for upcoming projects in the new year. The new minimum wage increases still will not solve the problem.
Thailand has a 0.6% unemployment rate according to "The Nation", and the construction, infrastructure, and manufacturing sectors are looking at a shortage of approximately 200,000 workers.
While reasons for this may be debateable and the above unemployment rate skeptable, the lack of workers seems prominent.
One attempt to solve the problem has come from the Housing Business Association asking Labour Ministry to ease restrictions on foreign workers. There are an estimated 2 million foreign workers in Thailand at the present time.
While it can't be estimated just how many delays in new projects breaking ground it would seem wiser for property buyers to be looking at projects nearing completion as opposed to buying empty shells on pieces of land that have not yet broken ground.
Here in Pattaya, where there are still a huge number of new projects lined up for 2013, even if builders can deliver units on time there may be a question of the local Thai government having enough workers to complete the necessary infrastructure...which all in the Pattaya Jomtien Beach area know is lacking to say the least.
No comments:
Post a Comment