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Research Centre
21 Dec 09
Thailand Industrial MarketView Q3 2009
Thailand Industrial MarketView Q3 2009
Overall demand in the industrial property market remained weak, only 236 rai were sold, down 7.5% Q-o-Q and 82.2% Y-o-Y. A Chinese agricultural company bought 100 rai in Rojana Industrial Park, Ayutthaya.
Automotive production has improved in Q3 2009 with manufacturing firms increasing production and recruiting new staff in August 2009. Vehicle production capacity utilization increased 27.5% Q-o-Q from 45.9 to 58.5. The recovery will increase the demand for industrial land.
The Administrative Court suspended construction permits for 76 projects worth 400 billion baht in Map Ta Phut Industrial Estate in Rayong, where health and pollution concerns have been raised. The (temporary) suspension of these projects will affect the sentiment of investors. Mr. Korn Chatikavanij, Finance Minister, said that it could slow the economy (GDP) by 0.4%.
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