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Thailand Real Estate begins to face the Labor Shortage.
Posted on 2011-08-11 23:49:32
The sector of real estate has indicated that the business of real estate is facing the labor shortage, stating of the new government's wage policy could have significant short- and long-term consequences.
According to the minimum wage policy of new government at 300 bath per day and the salary of the 15,000 baht for bachelor degree holders,
President of Lalin Property, Chaiyan Chakaratrakul commented that the new wage policy could have a positive short-term effect as it may encourage more people to buy homes. But it could also have a negative impact over the long run.
The vice president for marketing at Tararom Enterprise, Nattapon Mattawaku has comments consistently with a remark made by that the sector of Real Estate about the signs of labor shortage.
As a result, the company has had to adjust its construction plans to match sales and need to pay more attention to risk management within the real estate industry.