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Upbeat Thai Economy Drives Surging Industrial Property Market.

Bangkok Post (Bangkok, Thailand)

| December 08, 2003 | COPYRIGHT 2003 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Nina Suebsukcharoen

Dec. 8--The upbeat economic outlook, underscored by a recent Finance Ministry projection of up to 8.6 percent growth next year, is adding sparkle to the property market and among the sectors poised to benefit from the upturn is industrial estate development.

One reason cited by economists is that growth for the past two years has been driven mainly by consumption, while new industrial investment has been modest as producers are still using excess capacity created during the last boom.

However, with demand now at new levels, investment in new capacity is expected to enter a new phase.

Sales of industrial estate land have grown steadily, with 1,848 rai sold last year and 1,500 rai changing hands up to the third quarter of this year, with the total likely to ...

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Source: HighBeam Research, Upbeat Thai Economy Drives Surging Industrial Property Market.

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