Property developer V.M.P.C. Co, will spend 6 billion baht to develop a serviced apartment and hotel development in Chon Buri's Si Racha district to tap rising demand, particularly among Japanese expats.
Chief executive Prinya Tieanworn said there would be growing residential demand from Japanese working for manufacturing, auto parts and electronics industry along the Eastern Seaboard in the coming years as the industrial sector expanded.
"Many industrial estates in the eastern region are expanding after the 2011 floods hit Ayutthaya, where a lot of Japanese factories were located. Many of them are relocating to the East," he said.
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