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Demand to buy and lease industrial estate in Thailand in 2020-2022 will continue to grow from 2019 after the sluggish situation

Industrial Estate Business It is the business of allocating land for sale or rent for industrial and commercial businesses.

Updated the key Industry Indicator: Industrial Estate in each industry.By Puttachard Lunkam

Updated the key Industry Indicator: Industrial Estate in each industry.By Puttachard Lunkam

Total new sales and leases of land on industrial estates is forecast to expand by some 4.0-5.0% annually over 2025-2027, or by approximately 7,000 rai per year. Tailwinds lifting the market will come from: (i) gradual recovery of the world economy and improved investor sentiment overseas, (ii) the diversion of investment away from the major economies, most obviously China, and towards the ASEAN zone; (iii) an uptick in the pace of work on government-backed infrastructure projects, especially in the EEC; and (iv) government tax and non-tax incentives

Total new sales and leases of land on industrial estates is forecast to expand by some 4.0-5.0% annually over 2025-2027, or by approximately 7,000 rai per year. Tailwinds lifting the market will come from: (i) gradual recovery of the world economy and improved investor sentiment overseas, (ii) the diversion of investment away from the major economies, most obviously China, and towards the ASEAN zone; (iii) an uptick in the pace of work on government-backed infrastructure projects, especially in the EEC; and (iv) government tax and non-tax incentives

Over the next three years, domestic economic growth will translate into rising investment in the manufacturing sector, and this will in turn herald an improving outlook for operators of industrial estates. The total footprint of land sold and leased on industrial estates is therefore expected to surge by 18.0-20.0% annually over 2023-2025 to 2,200, 2,700, and 3,000 rai (1 rai = 0.16 hectares) in each of these years.

Following a sharp contraction in 2020, over the period 2021 to 2023, demand for land (to buy or rent) on Thai industrial estates is forecast to grow by an average of 20% per year.

Including residences in Bangkok And metropolitan area, commercial buildings in Bangkok And perimeter, industrial estates