Opportunity and risk from urban planning policy relating to real estate development and preservation of rural and agricultural areas at the present in mueang chantaburi of thailand
The opportunity and risk relating to real estate development and preservation of rural
and agricultural areas occurring from urban planning policy was studied in Chanthaburi,
Thailand. Chanthaburi’s comprehensive plan was compared a skim plan, with the town plan
that specific in land use, and issued in different period of time, investigating the current extent
of new development’s area and preserved green area by using Google Earth, and interviewing
experts from private and government sectors to seek their relevant opinions. The 5 year town
plan issued in 2002, the comprehensive plan issued in 2012 and the drafted town plan issued in
2018 indicated the differences of rule and regulation regarding allowable types and details of
land uses. These differences created opportunity that could allow much rooms for land owners
to develop their estates in the case that the plans favor on the development of the lands, but
somehow could add more risk in the case that the lands were restricted and not allowed for new
development. The differences could also create more risk in reduction of the green areas of the
town in the case that the plans favor more on the development and attract new developer to
develop the area. In the opposite way, these could also create the opportunity for preservation
of the green areas of the town with the proper planned policy. Additionally, to illustrate this
concern, Google Earth was used to capture the satellite photos of the new development being
built in the selected areas from 2007 when the 2002 Town Plan expired to analyze the extent
and distribution of the urban and green areas around the town. Furthermore, interviewing
relating government agencies and new developers revealed the risks of new development in
various aspects involving, i.e., lack of knowledge for project feasibility study, urban plan
regulation and relating laws. In turn, being able to gain this valuable knowledge, new
developers could have advantage for making profitable investment decision. Additionally,
integration of ideas and resources from various new entrepreneurs and public agencies could
make the new development, sustainable and fruitful, for example, introducing and
implementing the concept of urban green space into the urban planning policy in Chanthaburi.
Keywords
Risk and Opportunity, Real Estate Project Development, Rural and Green Area Preservation
INTERNATIONAL JOURNAL OF AGRICULTURAL TECHNOLOGY
Published by : Association of Agricultural Technology in Southeast Asia (AATSEA) Contributions welcome at : http://www.ijat-aatsea.com
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