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Thailand Property Popular with Singapore Investors

By on Nov 03, 2015 in Industrial, Property News

Thailand property is becoming increasingly popular with investors from Singapore and China. Japan has lost its crown as the biggest foreign investor in Thailand for the first time in 40 years and has been overtaken by Singapore and China, whose investors are keen on heavy industries that need huge capital investment, the Board of Investment (BOI) said.

This year Singapore is the biggest investor in Thailand, with an investment value of 13.1 billion baht, then it is China with an investment value of 10.7 billion. Japan is third with 9.9 billion baht.

BOI secretary general, Hirunya Suchinai said most of the rising investment value from Singaporean investors was indirectly from China. Ms Hirunya said the fall in Japanese investment was due to the gloomy global economic outlook and high-base effect from Japan’s lengthy investment in Thailand. This is particularly true of the petrochemical and automotive industries.  “We’re confident Japan will not leave Thailand even though investment value has fallen this year. Thailand remains Japan’s major investment hub in Asean, and Japanese companies have built fundamentals here for expansion,” she said.

Source: Bangkok Post, 20th October 2015
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