Uploaded on 2017-01-01 by Akarachai Padlom

Stocks and Flows Bangkok has always been a cultural melting pot, mixing with Chinese migrants, Japanese and Korean Expats, also the European and American long-stay visitors. Its diversity pulls a massive influx of tourists, cars and high-density residences. To begin with tourists, Bangkok claims as the World’s Most Visited City by 21.47 million international overnight visitors arrivals according to Mastercard Global Destinations Cities Index. The flow of tourists results in the stock of hotels and guesthouses. Bangkok, however, still has some of vacant lands that can be developed to be new hotels and accommodations, because of its low property and land tax. In the near future, the rise of property and land tax with the new inheritance tax will have an influence on landlords. Underdeveloped areas will flow into the market so that the inflow of tourists and the stock of the hotels are always balance. Secondly, Thailand’s capital is known for the second most congested city in the world. Bangkok has worse traffic jams than any other places, apart from the Mexico City. Bangkok has 9 million cars in its stock and it received around 900,000 of new cars in 2016. Seeing that Bangkok is still an automobile dependent city, the stock of Bangkok’s car has been rising due to its country promotion policy of eco car and car industry support. While urban rail network just started to expand after its first few lines decades ago, it still needs at least 5-8 years for the metro network to cover all the inner city area. Thirdly, the inflow of Bangkok’s dwellers rises to 15 million residents. Because of the micro-family trend, there is a demand of high-rise residences. Recently, most of the apartment units is a 1 bedroom type and it has only a small amount of 2 bedroom units. However, this year economy has slow down and the stock of the unsold apartment units soars. The price of the new apartment is currently too high for middle-income people to afford. Bangkok will have less inflow of the new affordable apartments from now on. To sum up, the massive flows of tourists and new cars are making Bangkok traffic situation worse, until its public transport will be better in 5-8 years. While the stocks of new hotels and affordable apartments will be lower, until the new laws of inheritance tax and property tax are ready.