{"id":11067,"date":"2021-02-18T14:35:52","date_gmt":"2021-02-18T07:35:52","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=11067"},"modified":"2021-06-04T16:01:00","modified_gmt":"2021-06-04T09:01:00","slug":"colliers-projects-thai-industrial-estates-to-expand","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/colliers-projects-thai-industrial-estates-to-expand\/","title":{"rendered":"Colliers projects Thai industrial estates to expand"},"content":{"rendered":"<p><span data-contrast=\"none\">State investment and stimulus to uplift 5 to 10 <\/span><span data-contrast=\"none\">percent\u00a0<\/span><span data-contrast=\"none\">growth in\u00a02021<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<figure id=\"attachment_11072\" aria-describedby=\"caption-attachment-11072\" style=\"width: 1000px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-11072\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/02\/shutterstock_284134982.jpg\" alt=\"\" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/02\/shutterstock_284134982.jpg 400w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/02\/shutterstock_284134982.jpg 600w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/02\/shutterstock_284134982.jpg 620w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/02\/shutterstock_284134982.jpg 190w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/02\/shutterstock_284134982.jpg 1000w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-11072\" class=\"wp-caption-text\"><span data-contrast=\"none\">Thailand remains a top<\/span><span data-contrast=\"none\">\u00a0choice for\u00a0<\/span><span data-contrast=\"none\">overseas investors in the industrial sector. <\/span>Travelmania\/Shutterstock<\/figcaption><\/figure>\n<p><span data-contrast=\"none\">As reported by the <a href=\"https:\/\/www.bangkokpost.com\/business\/2064275\/industrial-estates-set-to-expand\" target=\"_blank\" rel=\"noopener noreferrer\">Bangkok Post<\/a>,\u00a0<\/span><span data-contrast=\"none\">the Eastern Economic Corridor (EEC) and e-commerce are projected to\u00a0continue stimulating industrial property growth<\/span><span data-contrast=\"none\">, partly\u00a0owing to government investment in infrastructure and transport projects and stimulus plans.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Phattarachai<\/span><span data-contrast=\"none\">\u00a0<\/span><span data-contrast=\"none\">Taweewong<\/span><span data-contrast=\"none\">, director of research and communications at Colliers International Thailand, mentioned that the industrial estate sector in 2021 should\u00a0<\/span><span data-contrast=\"none\">recove<\/span><span data-contrast=\"none\">r<\/span><span data-contrast=\"none\">\u00a0compared to<\/span><span data-contrast=\"none\">\u00a02020.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Boosted by government investments, land\u00a0<\/span><span data-contrast=\"none\">sales and leases\u00a0<\/span><span data-contrast=\"none\">this year will increase by five to 10 percent <\/span><span data-contrast=\"none\">on average or 2,500 to 3,000 acres. <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">\u201cWith a development plan started in the EEC area, there will be several\u00a0<\/span><span data-contrast=\"none\">industrial<\/span><span data-contrast=\"none\"> estates being prepared for upgrade to a special <\/span><span data-contrast=\"none\">promotion<\/span><span data-contrast=\"none\">\u00a0zone to support targeted industries in the EEC,\u201d\u00a0<\/span><span data-contrast=\"none\">Taweewong<\/span><span data-contrast=\"none\">\u00a0said.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Along with benefits from the Board of Investment (<\/span><span data-contrast=\"none\">BoI<\/span><span data-contrast=\"none\">), there are additional perks to attract investors, such as higher tax incentives and <\/span><span data-contrast=\"none\">regulation adjustments<\/span><span data-contrast=\"none\">\u00a0<\/span><span data-contrast=\"none\">to ease business operations.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Infrastructure improvements that can facilitate investment and logistics are driving demand to buy or rent industrial estates, which includes the\u00a0<\/span><span data-contrast=\"none\">C<\/span><span data-contrast=\"none\">hachoengsao-Khlong 1<\/span><span data-contrast=\"none\">9-Kaeng Khoi railway, the Kaeng Khoi-Map T<\/span><span data-contrast=\"none\">a Phut<\/span><span data-contrast=\"none\">\u00a0<\/span><span data-contrast=\"none\">and Pattaya-Map Ta Phut motorways, the\u00a0<\/span><span data-contrast=\"none\">U-tapao<\/span><span data-contrast=\"none\">\u00a0airport\u00a0<\/span><span data-contrast=\"none\">commercial<\/span><span data-contrast=\"none\"> development, the development of Laem Chabang Port Phase 3, and the Bangkok-Rayong high-speed train.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">As stated by Colliers, land sales and leases<\/span><span data-contrast=\"none\">\u00a0in industrial estates in H2 2020 faintly dropped by 1.52 percent from 2,183 (2019) to 2,150 acres.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">The majority of\u00a0activity remained in the EEC area, with 1,840 acres\u00a0accounting for 85 percent of total sales<\/span><span data-contrast=\"none\">, a 0.29 percent increase from H1 2020.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">\u201cThe new round of the pandemic late last year caused concerns among industrial estate developers. Many of them reduced or maintained their prices to retain customers,\u201d added\u00a0<\/span><span data-contrast=\"none\">Taweewong<\/span><span data-contrast=\"none\">.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Thailand\u2019s hub of logistics, Bangkok, remained with the highest prices, followed by Samut\u00a0<\/span><span data-contrast=\"none\">Prakan<\/span><span data-contrast=\"none\">\u00a0and Pathum Thani.\u00a0<\/span><span data-contrast=\"none\">However, EEC area caught up with a massive increase in land prices.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">The EEC has attracted 313 projects worth THB109 billion (USD3.6 billion).\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">\u201cWe were approached by a lot of foreign investors who were interested in industrial estates. They were seeking warehouses and factories,\u201d said\u00a0<\/span><span data-contrast=\"none\">Taweewong<\/span><span data-contrast=\"none\">. \u201cMost of them were Chinese, Japanese, European, and American.\u201d\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/en\/stable-prices-and-low-interest-rates-in-thailand-show-promise-for-investors\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>More: Stable prices and low interest rates in Thailand show promise for investors<\/strong><\/a><\/p>\n<p><span data-contrast=\"none\">Adam Bell, head of industrial and logistics at CBRE Thailand, mentioned that the logistics market was one of the industries least affected by COVID-19, as Thai consumers were more dependent on e-commerce and the digital economy, creating <\/span><span data-contrast=\"none\">demand<\/span><span data-contrast=\"none\">\u00a0for modern logistics properties (<\/span><span data-contrast=\"none\">MLP) in Thailand.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Teerawit<\/span><span data-contrast=\"none\">\u00a0<\/span><span data-contrast=\"none\">Limthongsakul<\/span><span data-contrast=\"none\">, managing director of Nexus Real Estate Advisory Co, said that Thailand remains a top<\/span><span data-contrast=\"none\">\u00a0choice for\u00a0<\/span><span data-contrast=\"none\">overseas investors\u00a0in the industrial sector<\/span><span data-contrast=\"none\">.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">\u201cThe pandemic was controlled fairly well, while infrastructure and EEC development plans are underway,\u201d he said.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>State investment and stimulus to uplift 5-10\u00a0percent\u00a0growth in\u00a02021\u00a0<\/p>\n","protected":false},"author":12,"featured_media":21015,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[955,1109,528,133],"class_list":["post-11067","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-foreign-investments","tag-industrial-estates","tag-market-update","tag-thailand","news_country-thailand","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Colliers projects Thai industrial estates to expand | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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