A Second Look at the Bangkok Land and Housing Market

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Abstract
An earlier paper by the present author, published in this journal in 1989, reported on a detailed analysis of the Bangkok land and housing market, carried out in 1987-88. Based on a recent reassessment, this paper compares the performance of Bangkok's land and housing markets in 1974-84 and 1988-90. The results of the comparative analysis are striking: despite rapid increases in land conversion pressure and price increases, Bangkok's housing developers are still providing considerable amounts of affordable housing. Unconstrained by zoning, they have decentralised development projects and increased project densities dramatically.

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