SET-listed industrial estate developer and operator Amata Corporation Plc expects to sell 1,075 rai in 2019, up by 10%, thanks to the flagship Eastern Economic Corridor (EEC) attracting both local and foreign investors.
For Amata's local industrial estates, it expects to sell 950 rai. Facilities in Vietnam are projected to sell 125 rai in 2019.
The US-China trade spat has been prolonged and led Chinese investors to relocate their manufacturing plants to other countries to avoid US tariffs.
Chief executive Viboon Kromadit said the company has high expectations for both Amata City Chon Buri and Rayong as targets for investors.
"Amata secured 100 rai of land purchase contracts early this year," he said. "It plans to sign a contract with a Chinese investor buying 28 rai in April."
Mr Viboon said Amata plans to increase its land price in 2019 from 8.5 million baht per rai to 11 million baht for Chon Buri. For Rayong, it has increased to 4.5 million baht per rai.
"The development cost for EEC's industrial estates is climbing, so Amata has to adjust its cost," he said.
The company plans to spend 3 billion baht from its 2019 budget to buy new land plots in both provinces.
Mr Viboon said Amata has 8,837 rai undeveloped, 7,998 rai in Chon Buri and 839 rai in Rayong. For Vietnam, it has 1,269 rai in three industrial estates: Bien Hoa, Halong and Long Thanh.
