Possibilities and challenges of sustainable condominium development in Thailand: an analysis through the circle of blame concept

ABSTRACT

The main objective of this research is to survey the attitudes of project developers, investors, consumers (residents and prospective buyers), and architects involved in the sustainable development of condominium projects. Using the circle of blame concept, qualitative research was conducted by collecting data through structured interviews on sustainability in four areas: environmental, economic, social and community, and aesthetics and functional. Based on the findings, most of the respondents did not renounce the concept of sustainable development if economic sustainability was as expected (such as the project value, rent, return, and cost saving). Thus, it can be concluded economic sustainability is a prerequisite for developing sustainable condominiums. Environmental, social and community, and aesthetics and functional sustainability are the next steps to approach for the project stakeholders. The findings of the research indicate that increased development costs and risks are the key barriers to the success of sustainable development in the Thai condominium market.

KEYWORDS:

• Sustainable development
• condominium
• Thailand
• the circle of blame

Acknowledgments

The author is grateful to the Business Research Center (BRC), Thammasat Business School, Thammasat University for funding this research.

Disclosure statement

No potential conflict of interest was reported by the author.

Additional information

Funding

The work was supported by the Business Research Center (BRC), Thammasat Business School, Thammasat University.