“The overall of the industrial estate market in Thailand during 1H 2020, it was found that more than 650 rai of land has been traded in the industrial estate. However in the first 3 quarters of 2020 (October 2019 – June 2020), 1,696.92 rai were traded, decreased only 3.86% y-o-y. Due to the spread of the Covid-19 virus that had made the investors to be unable to visit the location and also unable to make a business decision to reserve/purchase /lease land in the industrial estate.
The trend of the industrial confidence index has improved since the outbreak of the COVID-19, partly due to the government's ability to cope with the pandemic. The lockdown policy has begun to relax. The Research and Communications department from Colliers International Thailand forecasted that after the end of the COVID-19 situation, the International travel will return to normal. The investment in land and factory will be expected to return to normal in the second half of the year. Colliers International Thailand recommends that the levy of the authorization fee of the operations in industrial estates for the owners of industrial estates should be waived for a period of 4-6 months and reduces maintenance costs by 10-20% in order to help those who are affected by the outbreak of COVID-19.”
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