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Monday, April 29, 2024

Industrial estate leader WHA foresees ‘very good’ year

Return of investors from China helping to drive land sales

The WHA Eastern Seaboard Industrial Estate in Rayong is one of 12 sites operated by the company in Thailand and Vietnam, with four more under development. (Photo: WHA Corp Plc)

WHA Corp, the country’s largest industrial estate developer, expects a pickup in Chinese investors following the reopening of borders to sustain a surge in demand for land to set up new factories.

SET-listed WHA, which operates 12 industrial estates and four under development in Thailand and Vietnam, expects a “very good” year with sales of 1,200 to 1,300 rai of land in the first half, or nearly 75% of its full-year target of 1,750 rai, chief executive officer…

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