Exciting Real Estate Developments in Bangkok

Central Government Land Auction: The Treasury Department plans to auction prime land in Khlong Toei, Rama IV Road, attracting big investors. Leasehold lands nearing the end of their leases are also up for grabs, making long-term leasing more profitable than land purchases.

Attractive Investment: The area near BTS Ratchadamri Station covers 63 rai and is highly sought after by Thai and foreign investors. Luxury projects catering to high-end customers are expected to thrive, making it a golden location for real estate development.

Old Buildings Demolition: The old tobaco factory area will be demolished, opening up over 20 rai of land. The Treasury Department aims to find commercial tenants to fully exploit its potential.

New CBD Emerging: Rama IV Road is transforming into a vibrant business hub. Leasehold and rented government lands make this area highly desirable, with land prices around 2 million baht per square wah.

Crown Property Bureau’s Relocation: Buildings within the Klongtoey area, including the old cigarette factory, are being surveyed for relocation. Although the lease agreements expired 5-6 years ago, the Crown Property Bureau currently has no immediate plans for reclamation. However, the area’s prime location will drive up land prices once it undergoes development.

Smart City Port Project: The Smart City Port project at Bangkok Port aims to create a large-scale business city. Private sector participation is invited to generate long-term revenue.

Prime Investment Opportunities: The Rama IV Road area is attracting private entities due to its prime location and landmarks like Benjakitti Park and the Sirikit National Convention Center.

Stay tuned for more updates on Bangkok’s booming real estate market!

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