Thai property sector leaders called on the government to adopt a holistic approach to sustainability, balancing environmental, social, and economic factors. During the “Green Living, Smart City” forum in Bangkok, they emphasized the need for long-term solutions like fixed-rate mortgages to improve housing affordability for low-income buyers without relying on direct subsidies.
Panelists highlighted the importance of fair regulation enforcement and incentives for green development, alongside the pressing need for the long-delayed carbon tax. Dr. Kessara Thanyalakpark from Sena Development stressed that sustainable cities must prioritize inclusivity, citing their Rent-to-Own program for low-income workers.
The discussion underscored the challenge of balancing environmental goals with affordability. For example, fixed interest rates could drastically reduce monthly payments, making homes more accessible. Overall, leaders urged the government to intervene to break down barriers and promote truly sustainable urban growth.