Thailand Industrial Property Types
Types of Industrial Properties for Sale and Rent in Thailand
There are 3 choices of industrial properties for sale and rent:
- Factory
- Warehouse
- Industrial land
Only Thai or majority Thai-owned companies can buy land except in two circumstances:
- A wholly foreign-owned company can buy land on an industrial estate i.e. one managed by the Industrial Estate Authority of Thailand.
- A wholly foreign-owned company can purchase land anywhere if they receive BOI privileges that include the right to buy land. The land can only be used for the manufacturing process for which privileges have been granted.
Factory for Sale and Rent Locations
1. Industrial Estate An industrial estate has a specific definition in Thailand. Industrial estates are Serviced Industrial Land Plots (SILP) which are developed or managed by, or in joint venture with, the Industrial Estate Authority of Thailand (IEAT). The IEAT is a government organization.
There are a total of 29 industrial estates under IEAT supervision. Industrial parks are Serviced Industrial Land Plots developed without the IEAT. Majority foreign-owned companies can only buy land here if they have BOI privileges. It is possible for a majority foreign-owned company to purchase a green field site, but only if they have BOI privileges.
Other Industrial Properties:There are also two other industrial property options: warehouse and distribution centres. There are only a limited number of modern warehouses and distribution centres available for sale and rent. The most common type of warehouse is a stand-alone single storey building, usually located outside an industrial estate or park, with a floor loading capacity of 2-3 tons per sq.m. and a clear height of 6-8 metres. These warehouse buildings generally do not have loading docks. |