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MarketView Thailand Industrial – Q1 2011

By on Jun 14, 2011 in Research

Total Serviced Industrial Land Plots (SILPs) sales increased from 882 rai (352.8 acres) in Q1 2010 to 1,187 rai (474.8 acres) in Q1 2011 which is a 34.6% increase Y-o-Y but a 39.8% decrease Q-o-Q.

In Q1 2011, the total supply of SILPs remained unchanged at 103,769 rai (41,507.6 acres). This was a 1.3% increase Y-o-Y from Q1 2010. The occupancy rate of ready-built factories was 87.5% in Q1 2011, up from 85.7% last quarter. The total supply was 1,330,698 sqm and the total amount of leased space was 1,164,916 sqm.

The total value of BOI-approved projects increased by 24.4% Y-o-Y from THB 88 billion in Q1 2010 to THB 110 billion in Q1 2011. Net Flow of Foreign Direct Investment (FDI) in the industrial sector in 2010 decreased by 24.3% Y-o-Y from THB 133.3 billion in 2009 to THB 100.9 billion in 2010.

In the first quarter of 2011, the asking price for land in the Amata Nakorn Industrial Estate increased to THB 5 million per rai. This was the first rise in 3 years. However, we believe other developers will still keep their prices flat until
they see if the increased price can really be achieved.

This is an extract from Thailand Industiral MarketView Q1 2011, click to download the full report

Toby has been living in Bangkok for a number of years and has a strong research background. With his years in Thailand Toby brings a wide range of property knowledge to his research writing

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