Frasers’ property is kept in the south -East Asian despite fare headers: “Demand is still there”

One of the leading South real estate developers -East Asian believes that Donald Trump’s effort To disassociate with China will be an advantage for your company and the region in general, even as President of the United States threaten strong rates in countries like Thailand and Vietnam.

In an informative session on Friday, Fraseres Sirivadhanabhakdi’s CEO Frasers portrayed the breakwater as a possible opportunity, as in a world like “southern markets -East Asian are still attractive”. The Chinese interest in Thailand “to diversify and expand in the South Southern Market -East Asia is still there,” he said.

The demand for Thai real estate is still present, thanks to the restructuring of China plus one of the supply chains, as manufacturers move to Thailand and use the country as a basis for serving the wider non -Chinese market.

One of these developments is Airy, a business park on the outskirts of Bangkok, which has Frasers Property spot A. A. Alay, also known as “The East Porta”, is an offer to bring to Thailand the manufacture of high range. Announced in February, the project covers about 740 hectares and will house an industrial technology campus, a logistics park and residential options.

“Generally, demand is still there. The tenants we are talking about are still focused on changing their factories in Thailand,” said Lim Hua Tiong, director general of emerging markets, Asia. “Not all factors are affected by rates.”

Lim added that, with high United States rates in China, southeast -Asian will remain an attractive option for Chinese manufacturers.

So far, the German semiconductor Infineon has been confirmed as one of the tenants in the park. Delta Electronics (Thailand), a subsidiary of the Taiwanese Delta Electronics firm, has acquired land in Airya.

Frasers revenue property

Although Frasers’ ownership is better known for its shopping centers and residential projects, the industrial, logistics segment and the business park constitutes just over half of the firm’s real estate assets. The full portfolio of Frasers Property is worth 34.2 billion dollars of Singapore ($ 26.3 billion).

However, the residential properties prompted the revenue of Frasers Property during the six months that ended on March 31. The firm reported revenue of $ 1.59 billion from Singapore ($ 1.22 billion), 2.7% more than the same period a year ago, driven by higher residential contributions in Singapore.

The company attributable to the company increased by 147.6% to Singapore $ 142.2 million ($ 109.4 million).

This story originally presented to Fortune.com