Research Centre

Thailand Industrial MarketView Q4 2018


24 Apr 2019

Strong demand for logistics property; demand for SILP and RBF recovering

In Q4 2018, exports to all major markets grew by 1.8% Y-o-Y. The Manufacturing Production Index (MPI) also increased by 2.4% Y-o-Y. The Thai automotive industry saw an expansion in total car production of 10.3% Y-o-Y. The figures given by the BOT (Bank of Thailand) for FDI in the manufacturing sector in 2018 increased by 130% Y-o-Y to USD 5,397 million compared with FDI in 2017.

SILP
There was a significant increase in the demand for Serviced Industrial Land Plots (SILPs) in Q4 2018, as SILP sales by major developers, excluding Rojana, increased by 49.5% Y-o-Y and 862% Q-o-Q, with a total of 1,000 rai (395 acres or 160 hectares) sold. However, the total SILP sales in 2018 were  1,410 rai (557 acres or 226 hectares), decreasing by 20% Y-o-Y compared to 1,766 rai (698 acres or 283 hectares) in 2017. Major developers reported that there was demand from Chinese manufacturers who were looking to relocate to Thailand due to the on-going US-China trade war.

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Rathawat Kuvijitrsuwan
Associate Director of Research & Consulting

Phone: +66 2 119 2930
Fax: +66 2 685 3305
CBREThailand
Associate Director of Research & Consulting
rathawat.kuvijitrsuwan@cbre.co.th
Sales Staff
Adam Bell
Associate Director

Phone: +66 2 119 7905
Fax: +66 2 685 3300-1
CBREThailand
Associate Director
adam.bell@cbre.co.th
Sales Staff