Part 2/9:
Starting from the mid-1980s, an influx of foreign capital coupled with economic exuberance triggered a monumental real estate bubble in Bangkok. Between 1989 and 1995, land prices soared an astonishing 25.5 times within just six years. The market responded to this surge in demand with the introduction of over 150,000 new housing units entering the Bangkok metro area by 1995, although at that point, around 300,000 units remained vacant.