Araya maintaining project sales target

Industrial property developer Araya Land Development Co is maintaining its sales target of 400 rai for its project on Bang Na-Trat KM 32 Road this year, shrugging off a new government as long as policy continuity is ensured.

- KANANA KATHARANGSIPORN

Kamonkarn Kongkathong, managing director of Araya, said the company already achieved nearly 70% of its sales target while battling the effects of both the tariffs by US President Donald Trump and the weak economy.

“The industrial sector has been more affected by Trump's policy than by domestic issues, as his policies are harder to control,’ she said. “However, our clients are well aware of Trump's unpredictability and are prepared to cope with it.”

The Trump issue is both a positive and negative factor for the industrial property sector, said Ms Kamonkarn. While it weighs negatively on the global economy, it also encourages manufacturers to pursue greater diversification.