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Despite these growing housing issues, early government interventions often fell short. Between 1950 and 1972, the National Housing Authority’s (NHA) efforts resulted in the construction of only about 7,346 public housing units, hardly meeting rising demands. Subsequent policies to alleviate the housing crisis often faced obstacles, particularly from political turmoil which generated frequent changes in administration and housing plans.
By the late 1980s, Thailand’s economy was buoyed by reforms that emphasized liberalization and deregulation, compelling the government to encourage private initiatives in the housing sector. This deregulation marked the genesis of an unprecedented construction boom fueled by both local and foreign investments.