Figures | Intelligent Investment

Thailand Investment Figures Q2 2023

August 31, 2023 9 Minute Read

Looking for a PDF of this content?

-   The Bank of Thailand (BoT) forecast Thailand’s GDP growth at 3.6% and 3.8% in 2023 and 2024, respectively. The economy is expected to continue to recover driven mainly by tourism, private consumption, and merchandise exports. As of Q2 2023, the monetary policy committee (MPC) has raised the policy rate once by 0.25% from 1.75% to 2.00%.
-   In Q2 2023, there were no major publicly announced acquisition transactions for land and property. However, there was one real estate investment trust (REIT) with additional investment.
-   Frasers Property Thailand Industrial Freehold and Leasehold Real Estate Investment Trust (FTREIT) made an additional investment through the acquisition of various industrial properties in Mueang Samut Prakan district of Samut Prakan for a total price of THB 1.64 billion.
-   There were sixteen new joint venture projects, including one from WHAKW Alliance Company Limited, two from Sansiri Public Company Limited, as well as thirteen joint ventures from Origin Property Public Company Limited.