BANGKOK : WHA Group, Thailand's largest industrial estate developer, expects a second straight year of record land sales from companies seeking to diversify away from China, its CEO said on Wednesday.Mounting trade tensions between the United States and China, coupled with Beijing's abrupt lifting of its
BANGKOK : WHA Group, Thailand's largest industrial estate developer, expects a second straight year of record land sales from companies seeking to diversify away from China, its CEO said on Wednesday.
WHA, which operates over a dozen industrial estates across Thailand and Vietnam, has seen enquiries and purchases by Chinese companies rocket since the pandemic eased, helping to double its annual land sales from pre-pandemic levels, she said. Chinese investment proposals in Thailand grew 87 per cent to 25 billion baht in the first quarter of the year, compared to the same period last year, according to Thailand's Board of Investment.
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