The impact of the pandemic caused a slight drop in land sales in industrial estates in fiscal 2020, but investment value rose sharply by 683%, says the Industrial Estate Authority of Thailand (IEAT).
From October 2019 to September 2020, overall industrial land sales decreased by 1.52% year-on-year to 2,150 rai, with sales in Eastern Economic Corridor (EEC) decreasing by 7.2% year-on-year to 1,841 rai.
In fiscal 2019, sales tallied 2,184 rai, with sales in the EEC at 1,984 rai.
IEAT governor Somchint Pilouk blamed the decrease on the pandemic affecting businesses, as well as lockdown measures that hindered foreigners from travelling to Thailand.
“We expect the world will soon use…
