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Unfinished High-Rises Still Litter Downtown Area in Bangkok, Thailand.

Bangkok Post (Bangkok, Thailand)

| March 03, 2004 | COPYRIGHT 2004 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Mar. 3--Almost 50 high-rise projects across Bangkok remain suspended despite strong demand since last year, according to market research by Jones Lang LaSalle, a property and investment firm.

The company's findings show the construction of 27 office buildings, 16 condominiums and five apartments and serviced apartments have been put on hold since 1997, said Robert Collins, head of investor services.

The 27 unfinished offices had a combined space of 576,900 square metres, accounting for 8 percent of the total space of 7.02 million sq m in Bangkok, he said.

While new office supply in the second half of this year was very limited, with only 18,000 ...

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