At the beginning of the 21st century and following the 2008 Financial Crisis, Thailand was experiencing strong economic and social development.

In the face of COVID-19, Bangkok’s office property market has continued to decline as demand for office space fell and total supply increased.

Thailand was known as the Kingdom of Siam, or simply Siam, to outsiders until it officially became known as Thailand in 1959.

In 1973 the Thai government replaced its under-performing and badly organised social housing system with the new National Housing Authority (NHA).

The economic capabilities of Thailand have shown glimpses of strength in the past twenty years. Even though periods of political and economic peace have brought the nation moments of prosperity, Thailand has faced many struggles, resulting in periods of stagnation in the economy.