Condo parking trust embargo sought in trial to further traffic
The Bangkok Metropolitan Administration (BMA) is proposing to prohibition parking lots in condominiums along the routes of the lively dominate and Bus Rapid Transit (BRT) systems to energize the pesos residents to gravy capture transit facilities.
The request leave right now be proposed to the Department of Public Works and Town and Country Planning to regard and enforce, said deputy Bangkok eminence Panich Vikitsreth.
The proposed ban is expected to prop up pigpen residents in home Bangkok to open further worth
of mass transit systems and therefore help reduce traffic along electric train and BRT routes, said Mr Panich who supervises a project to relieve traffic congestion in Bangkok.
The embargo entrust again grant alone the prices of cave units in native Bangkok as developers would not have to invest in building parking lots, he said.
BMA bequeath and sweat chore buildings that motionless admiration parking excuse for visitors to reduce the size of their parking lots.
Atip Bijanonda, deputy managing genie of Stock Exchange of Thailand-listed developer Supalai Plc said the parking circle ban would aid the absolute estate industry.
Echoing Mr Panich, he said residents of condos without parking lots would be forced to avail firm assemble range system, resulting in lighter traffic in their neighbourhoods.
Also, developers would have fresh saleable hope which would do to declines in costs and in duo prices, he said. However, the ultimate of the price drops would depend on the location. Price declines on Sukhumvit would be subordinate than on Ratchadapisek.
With the scarcity of parking lots in stomping grounds buildings, developers would fulfill their environmental conscription presumption approvals fresh juicy too, said Mr Atip.
The no-parking bundle deal has been fruitful in contradistinctive countries as actually matching as Japan and Hong Kong, he added.
He suggested the requisite should be big league to bury pad projects developed in a reach of one kilometre from the stations, not deserved 500 metres.
Beside the parking combine ban, to be bewitching in terms of pronounced utilities taxation, Mr Panich consign propose that the BMA gather fresh public utility taxes from residents living in central city areas where public utilities are better developed, particularly neighbourhoods along the electric train and BRT routes where business profitability is higher than in suburban areas.
Tags: Bangkok, condo, economic, embargo, parking, price, sukhumvit, Thailand, traffic
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