IEAT upbeat on demand for land
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Expects total sales/rentals to reach 3,800 rai this fiscal year
The Industrial Estate Authority of Thailand forecasts sales and rentals of 3,600-3,800 rai of land in both its own and privately owned industrial estates this fiscal year (Oct 12-May 13).
IEAT governor Veerapong Chaiperm said yesterday that sales and rentals of all industrial estates in the first three quarters rose 13.3 per cent on year to 3,267 rai, of which 27 rai were in the IEAT’s properties, down 25 per cent, and over 3,000 rai in privately operated properties, up 13.8 per cent.
The surge in sales and rentals indicated rising demand for investment, he added.
The leaders in sales and rentals were Asia Industrial Estate with 944 rai, Amata City with 757 rai and Hemaraj Eastern Seaboard Industrial Estate with 667 rai. Most of IEAT’s sales and rentals came from its industrial park in Songkhla.
The IEAT and private operators manage altogether 48 industrial zones with 88,308 rai for sale and rent, of which 74,577 have been sold and rented.
Two industrial estates were set up this year – Hemraj Chonburi’s second project with 637 rai to serve the auto parts industry and Kabin Hi-Tech Industrial Estate on 1,066 rai (171 hectares) in Prachin Buri.
The IEAT has a policy of supporting the creation of more industrial zones ahead of the full realisation of the Asean Economic Community.
Developers have already submitted plans for 28 projects on 14,163 rai with estimated costs of Bt21.25 billion. The projects are expected to lure investment of Bt891.75 billion and employ 529,200 workers.
Of the 28 new projects, 18 with 1,924 rai are SME estates with a development cost of Bt2.89 billion. The zones are expected to draw business investment of Bt576 billion and create 340,200 jobs.
Six projects are in the Northeast with 9,799 rai and development cost of Bt14.70 billion.
They are expected to draw business investment of Bt303.75 billion and create 113,400 jobs.
The last four new projects are logistics parks in Chiang Rai totalling 2,440 rai.
