Despite risks from the travel ban, a delay in vaccine distribution and new tensions in US-China trade, the Eastern Economic Corridor (EEC) and e-commerce are expected to continue spurring industrial property growth, in part thanks to stimulus plans and government investment in infrastructure and transport projects.
Phattarachai Taweewong, director of research and communications at Colliers International Thailand, said the industrial estate business in 2021 should improve compared with last year.
Land sales and leases this year will grow by 5-10% on average or 2,500-3,000 rai, driven by the government’s investment, said Mr Phattarachai.
“With a development plan started in the EEC area, there will be several industrial…
