Investment in 10 new mass transit lines and extensions in Greater Bangkok will help stimulate the residential market to grow by 5-7% a year in the next five years," said Thongma Vijitpongpun, chief executive of the SET-listed developer Pruksa Real Estate Plc.
Due to more convenience for travellers, new mass transit lines in Greater Bangkok can stimulate home sales, while the provincial property market can be helped by new railways and high-speed train systems to grow by 3-5% per year until 2020, he adds.
Demand should also be helped by the government's property tax incentives including reductions in transfer and mortgage fees to 0.01% each, which started last October and will end on April 28.