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Bangkok Industrial Property – Some Estate Clients Put Off Stakes

A fifth of industrial estates’ new foreign customers have postponed their investment on concerns over the political unrest, but are expected to continue viewing Thailand in a favourable light thanks to its growing economy and their reliance on export markets.

“Based on the recent roadshow to Japan, they are still interested in factory construction in Thailand. They see that by doing business in Thailand, they will have customers from surrounding countries where demand is increasing faster than in Japan.  “Now, about 20 per cent of new customers from Japan and Europe are slowing down due to Thailand’s political turmoil,” Virapan Pulges, managing director of Ticon Industrial Connection Plc, said yesterday.

Some foreign investors, which had never operated a business in Thailand, have had to put their plans to purchase land and construct plants on hold, as their parent companies overseas did not trust the country’s political situation, he said.  European countries are also adopting a wait-and-see attitude and tapering their business plans for Thailand.

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