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Thailand Border Land Boom Set to Ease

By on Dec 08, 2015 in Investment-Land

wmgallery-P1030679According to the Real Estate Information Centre (REIC) is forecasting the skyrocketing prices of land in key border provinces to stabalise over the next few years.

Director General of REIC, Samma Kitsin, said that thanks to flourishing border trade and the presence of special economic zones land prices will not fall despite the slowdown in property transactions. Samma said, “Land transactions during the past 2  years slowed down as investors waited for a clear SEZ development plan from the government”.

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In Trat, land prices in Mai Root subdistrict of Khlong Yai district near the Cambodian border dramatically increased in value after the area was named as an SEZ.

Mr Samma said Mae Sot district of Tak was a booming location on the border as many large investors seek to tap Myanamar’s growing economy.  They include the enormous Thai conglomerate, Saha Pathana Interholding, who have developed a textile industrial park on a 400-rai site in Mae Kon Ken sub district. A runway at Mae Sot airport is in the process of being expanded and 2 large shopping malls are due to open shortly.

Mukdahan is increasingly attractive to investors. Mr Samma believes it has potential for becoming a good logistics centre.

1384617Source: Bangkok Post 25th November 2015

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Nora has been in the Corporate Communications arena for a number of years. Nora's role is to communicate all newsworthy items that are of a PR nature.

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