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IEAT projects big drop in land sales

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The Industrial Estate Authority of Thailand (IEAT) expects its industrial land sales to dip to 3,500-4,000 rai this fiscal year, starting from Oct 1 2013, from 5,000-6,000 the previous year because of political uncertainties. 

The estimate is higher than the previous forecast of 3,000 rai, as investor confidence returned following the coup and the Board of Investment (BoI) board being named. There are 56 industrial estates in 16 provinces.

For the first half this year, industrial land sales totalled 1,770 rai nationwide, with investment per rai of 15-20 million baht. The IEAT plans to add eight to 10 industrial estates on the Eastern Seaboard to serve investments, said IEAT governor Veerapong Chaiperm.

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