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Concern for real estate industry as COVID-19 spreads among construction workers

13 Sept 10:52 Key points summarised by AI

The rapid spread of COVID-19 among construction workers threatens to significantly delay building projects, potentially causing a major contraction in Thailand's 1 trillion baht annual real estate sector.
A large population of migrant construction workers, often residing in unhygienic housing with limited medical access, faces high infection risks, accelerating the pandemic's spread within the industry.
Industry leaders suggest government assistance for tracking worker whereabouts and contractors reducing on-site staff, but express concern over the challenge of vaccinating the vast construction workforce.
Recent outbreaks, including 519 cases in Nonthaburi and over 1,100 confirmed cases in Bangkok's Laksi district, underscore the severe and widespread impact of the virus on construction sites.

Yesterday 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.