Industry, tourist drive growth The growing commercial sector and a tourist healing assisted the Ayutthaya residentialorcommercialproperty market register a strong rebound for condominiums priced 1-1.5 million baht in the 2nd half last year. Somphon Rattchathapimolchai, chief marketing officer of Ayutthaya City Park Shopping Complex, stated the commercial and tourist sectors are the primary chauffeurs of the province’s economy. “The commercial sector in Ayutthaya is broadening,” he stated. “It is improving realestate need in areas near commercial estates, with single separated homes and duplex homes publishing strong development.” Mr Somphon stated condominium tasks near commercial estates had a high absorption rate of 80-90%, while condominiums and townhouses for lease likewise tape-recorded great regularmonthly rates of 8,000-13,000 baht. According to the National Economic and Social Development Council, Ayutthaya ranked 4th in gross provincial item with 436 billion baht in2020 The Unesco World Heritage City has 5 commercial estates with more than 6,500 factories and 497,984 employees, which contribute to a growing population and investing, he stated. “These elements broughtin home financialinvestments in different sectors like low-rise homes, condominiums, shophouses, shopping centres and hotels,” stated Mr Somphon, who is likewise vice-president of the Tourism Council of Ayuttha
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