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Thailand Industrial Estate Market Expected to Flourish

By on Nov 14, 2014 in Industrial

703635Thailand’s industrial estate market is expected to flourish next year. This is being driven by the government’s planned development of special economic zones in some border provinces. All zones will include industrial, commercial and residential areas along with special benefits and tax waivers for investors in the first few years, says property consultant Colliers International Thailand.

The National Council for Peace and Order (NCPO) in July approved five locations for economic zones in the border areas of Sadao in Songkhla, Mae Sot in Tak, Khlong Luek in Sa Kaeo, Khlong Yai in Trat and in Mukdahan.

According to Colliers, about 8,000 new plots in industrial estates were launched in the first half of this year. The supply of land in industrial estates is about 152,460 rai. Many industrial estate developers postponed launches of new phases in the first half due to the political turmoil.

Nearly 18,500 rai of industrial land are under development and expected to be opened in the second half of this year, while 96,450 rai are scheduled to come to the market in the near future.

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