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Thailand Industrial Land Sale Remained Slow Down

By on Mar 12, 2014 in Research

Thailand Industrial MarketView Q4, 2013

Thailand Industrial MarketView Q4 2013The supply of completed SILPs is increasing at a faster pace. 4,300 rai (690 hectares) were completed in our survey basket compared to 1,800 rai (290 hectares) in Q3 2013. Some of this increase in new supply had been delayed since 2012 because of the time needed to get Environmental Impact Assessments (E.I.A) which must be completed before developer can start infrastructure and land subdivision for new phases their industrial estates and parks.

The occupancy of Ready-Built Factories (RBFs) in our survey basket was 74%. The total supply was around two million sq.m. and the leased space was 1,500,000 sq.m. We witnessed slight price discounts in North Bangkok and increases in prices in Rayong while those in other areas remained stable.

The occupancy for Modern Logistics Properties (MLPs) in our survey basket was 73%, decreasing from 83% in Q3 2013 as more supply was completed. Supply is expected to increase quite dramatically as approximately 700,000 sq.m. of MLPs are currently under construction which will increase current supply by approximately 40%. There is an even greater volume of land under site preparation reserved for MLP development which could result in as much as two million sq.m. of  lettable area which will increase current levels of supply by 108%.

This is an extract from Thailand Industrial MarketView Q4 2013, click to download the full report at Thailand Industrial MarketView.

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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