Warehouses and modern logistics are becoming rising stars in the property sector amid stagnant residential development in the middle to lower-income segment, according to developer Frasers Property (Thailand) Plc (FPT).
Thanapol Sirithanachai, Country Chief Executive Officer, said residential development business in the middle to lower-income segment was flat because of high household debt, rising interest rates and inflation. The high-end segment is still doing well, said Mr Thanapol.
"Commercial property will have an oversupply in the next few years while the hospitality sector is picking up," he said. "The rising star is warehouse and modern logistics property."
