Thai government housing project expected to depress property sector

Experts say new glut of cheap homes will add to an oversupply crisis

20250221 Government-built housing

A show home in Bangkok for Thailand's government housing scheme: The project has proved so popular that the registration website crashed soon after launch. (Photo by Yuki Kohara)

APORNRATH PHOONPHONGPHIPHAT

BANGKOK -- A Thai government initiative to build up to 300,000 cheap houses for poorer people is likely to add to oversupply pressures on the nation's property market, experts have warned.

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