Eastern Seaboard Economic Growth Engine
Category: Real Estate
Despite the widespread fallout from last year's flooding, Thailand's Eastern Seaboard is rife with economic activity.
One key indicator is SET (Stock Exchange of Thailand) listed firm Hemaraj who topped a record year for land sales in industrial estates hitting the 1,670 rai marker.
Two key sectors are the automotive and related part's manufacturer's who are being driven by Asia's strong economy and both domestic and regional demand.
From a recent trip to Pattaya, speaking to hotel managers one key trend is the pickup in corporate business from the nearby industrial areas which continues to grow.
Some real estate analysts have projected that the area may eventually see office complex's and companies relocate from Bangkok given both traffic and flooding issues.