Thai industrial estate developer sees 70% jump in land sales
Hemaraj Land and Development also sees the Eastern Economic Corridor project as positive for investment
Bangkok
THAILAND'S largest industrial estate developer, Hemaraj Land and Development Pcl, expects to boost its land sales by nearly 70 per cent this year as government measures to promote investment in the country's eastern seaboard brings in more buyers.
South-east Asia's second-largest economy, which has seen its growth lag that of its peers since the army took power in 2014 due to weak exports and domestic demand, has said that it hopes to attract private investments of about US$34 billion for its Eastern Economic Corridor (EEC) development project.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Homebuyers shun new real estate in Vancouver, hurting builders
US pending home sales jump in March to hit highest in the year
Blackstone strikes US$1.6 billion student housing deal with KKR
European real estate deals slump to lowest level in 13 years
Singapore Q1 industrial rents rise further as occupancy dips and prices fall: JTC
Condo resale volumes rebound in March; prices inch up 0.4%: SRX, 99.co