Bangkok : A Profile of an Efficiently Performing Housing Market

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Abstract
This paper reports on a study of the Bangkok land and housing market. The study is based on extensive surveys of projects, developers, households, and the interpretation of aerial photographic information. The results of the study indicate that Bangkok's land and housing markets are operating very efficiently, with the formal private sector providing 27 per cent of the total housing stock increase between 1974 and 1984. The region's supply of developable land with roadway access increased by over 20 per cent between 1974 and 1984. As a result, land values have not increased substantially in real terms and overall housing affordability improved between 1982 and 1986. The Bangkok study is important for housing policy makers because it provides a profile of a well-performing land and housing market.

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