The comments came as he revealed the company’s 2024 strategic growth roadmap, which focuses on portfolio balancing, using technologies and innovation to improve services, and achieve its net zero goal by 2050.
He explained that the overall Thailand property industry, which includes residential, industrial, and commercial properties, would expand modestly this year. However, as supply exceeds demand, competition in the industry will appear to increase, while new property projects, particularly in housing, will continue to be seen.
The derisking and relocation trend, combined with the government’s supportive policies and incentive measures, has piqued foreign entrepreneurs’ interest in Thailand’s industrial estate, he noted.
“The industrial business is set to generate robust recurring income from leasable property, involving an investment of 4 billion baht to expand its assets…
