Harris Paige

[limited]

The Real Estate Association urged the state to adjust measures to close the workers' camps after assessing the massive damage


Mrs. Apha Attabunwong The president of the Thai Condominium Association said that from the 1-month lockdown measures for workers' camps, the impact on the real estate sector was quite considerable. because there are slot pg various housing projects Many are under construction. Both condominium projects and low-rise projects From such measures, the construction of various projects must be stopped immediately Preliminary estimates the damage of the closure of the workers' camp for 1 month is at 70 billion baht, not including the damage incurred to other industries. related to upstream, midstream and downstream

“It was something that everyone had never expected. But there has been a signal since the number of infected people has continued to increase. And there was an issue of infection in the worker camp. From the measures to close the workers' camp for 1 month, it shocks the market. Because all the construction has stopped, can't continue, which we have to follow. The damage caused is enormous, both the real estate sector and our related businesses from upstream, midstream and downstream, and I don't know if this kind of situation will be prolonged or not.”

Mrs Apha said

The impact of the halt in construction also means that transfers of projects that have to deliver homes to customers may be postponed. This will affect the income of real estate operators. In addition, the operator has a risk from the customer that it may be used as an excuse for cancellations and refunds. or will have to pay fines to customers for delayed project delivery cause quite a lot of impact

Therefore, what I would like to propose to the government to relax such measures using it as a specific control So that the overall construction can continue to move forward, such as screening workers infected with COVID-19. out of the uninfected workforce along with the urgent allocation of the COVID vaccine to the camp workers

In addition, in the part of some construction work that takes a short period of 1-3 days and does not require only 1-3 workers, such as collecting defect work for customers to prepare for delivery I want the government to consider that it can be operated. to enable operators to deliver rooms or houses to customers as scheduled and make entrepreneurs still have income coming in

Ms. Arpa said that in addition, the important thing that entrepreneurs will survive and get through this crisis is to have liquidity as reserves. Support various expenses and repayment of loans to financial institutions in order to avoid the problem of default And make financial institutions still have confidence in the entrepreneurs themselves. Especially small and medium-sized companies that may not have the same length as the large operators.

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