CITY OF GHOSTS: From a grand total of 323 in 1997, only 57 derelict buildings remain

Posted on March 4, 2005 by admin
CITY OF GHOSTS: From a grand total of 323 in 1997, only 57 derelict buildings remain - Bangkok Post, March 4, 2005
..."According to our data there were 323 suspended projects in 1997,'' said Bangkok Metropolitan Authority (BMA) deputy governor Samart Ratchapolsitte. "Now there are only 57 suspended buildings in the capital.''...
Back in the late 1990s at least one international property consultant warned that some of Bangkok's suspended buildings could turn into safety hazards, as developers were not ``mothballing'' their projects and leaving steel rods exposed to the elements that would rust and cause structural problems.
Those reports are now being brushed aside.
"The overall standard of construction in Bangkok is pretty good. High-rise buildings tend to be over-engineered if anything,'' said Mr Landy...
Bangkok developers' failure to mothball their projects _ a process of sealing off and protecting unfinished construction from theft and deterioration _ will more likely just add to the cost of getting them restarted.
There was literally no mothballing of projects between 1997 to date, industry sources said.
" The mechanical systems and piping will have to be totally replaced,'' said Mr Dilokpul.
" In fact, it will cost a new developer more to replace and modify these.''...
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