Bangkok--14 Dec--Amata
Amata expects 2006 industrial land sales at 650 rai, a drop of over 100% compared to previous year when land sales was at 1,479 rai due to the continuous swelling of sentiments of incertainty (hidden agenda) and the Baht’s appreciation.
Mr.Viboon Kromadit, Director and Senior Vice President of Amata Corporation PCL. said that though Amata has revised 2006 land sales target many times from early of 2,000 rai to 750 rai, but we expect to be able to sell land in both Amata Nakorn, Chonburi and Amata City, Rayong only 650 rai, drop of over 100% from last year at 1,479 rai. Because the rapid Baht’s appreciation and the unchanged sentiments of incertainty profoundly affect on Thailand’s investment atmosphere. Many investors decided to delay on expansion their projects in Thailand.
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