Thailand Expected to See Strong Growth in Industrial and Property Sectors in 2013

Trade organizations and business leaders are saying that Thailand's industrial and property sectors will see strong growth in 2013.  For example, the Bangkok Post quotes Payungsak Chartsutthipol, chairman of the Federation of Thai Industries, as saying:

[t]he outlook for the domestic industrial sector remains upbeat for 2013, as foreign investors will expand their presence in the country. There is no more space on the industrial estates, as Japanese investors have increased their presence a lot over the last two years.

Property developers are also reporting that they expect to see prices rise in 2013, particularly outside of Bangkok.  The Bangkok Post reports that growth may hit 10%, particularly in areas surrounding Bangkok.  Others predict strong growth in the border cities that connect Thailand with neighbouring countries.  Anukul Ratpitaksanti, deputy managing director for asset management at Plus Property, a unit of Sansiri Group, says that:

I believe that the government will encourage more real estate development in border cities that connect Thailand with neighbouring countries.  These include Northern provinces that are gateways to Northern Myanmar and China; Western provinces that connect with Southern Myanmar; Eastern and Northeastern provinces with links to Laos; and Eastern provinces with borders connecting with Cambodia.