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Anonymous commented : REAL ESTATE / PRIME DOWNTOWN BANGKOK SITE British embassy completes sale of nine-rai plot to Central The British government yesterday completed the sale of part of its Bangkok embassy compound on Phloen Chit Road to the Central Group, the country's largest retail operator. The price of the prized nine-rai plot to Central affiliate Tiang Chirathivat Real Estate Co was not disclosed but industry experts estimated it at three billion baht. Central edged Land & Houses Plc, the country's largest residential developer, in the contest to acquire the site. The company wants to turn the plot into a shopping area, serviced apartments or a hotel and entertainment anchor to complement its nearby Central Chidlom store. Intense competition in the retail business in Bangkok's central business district has driven Central to seek ways to build on its existing businesses, which are now constrained by limited space, according to industry analysts. Central executives declined to comment on the deal, but the British Embassy said yesterday it was the largest-ever property sale by the Foreign Office. The historic residence, the embassy and the "green character" of the compound would be preserved, it said. About 11 million (770 million baht) of the proceeds will fund redevelopment of the remainder of the compound, including new staff accommodation, recreational facilities, remodelling of the embassy offices and security work. The embassy said that the 32.3-rai compound, purchased in 1922, was larger than needed. It said the land sold was the most polluted and noisiest part of the compound, next to the six-lane Phloen Chit Road and the BTS skytrain. The War Memorial and statue of Queen Victoria would be moved to appropriate sites near the residence, officials said.
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119 replies, 367,763 views
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Mass transit ridership hits records
Jon Fernquest, Published on 20/04/2011
» The number of people leaving the car at home and taking BTS, Bangkok's light rail system, has hit all time highs with rising oil prices. Trains have been added.
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SET: BTS, PTT, SITHAI, STA
Published on 29/05/2012
» Shares of the following companies had unusual moves in Thailand trading on Tuesday. Stock symbols are in parentheses and prices are as of the close in Bangkok.
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Highlights of the week
Veera Prateepchaikul, Published on 08/06/2012
» The main news focus this week was undoubtedly the conflict between the Constitution Court and the parliament over the court’s order that the parliament suspend the final reading of the constitution amendment bill, which was scheduled for today,Friday, until the bench has ruled on the constitutionality of the amendment process.
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0 replies, 1,773 views
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0 replies, 3,827 views
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0 replies, 1,724 views
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Real estate boom: North Bangkok
Jon Fernquest, Published on 08/11/2012
» Limited office space & rising rents in central Bangkok has led to office building boom in north Bangkok.
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Bangkok land prices
Terry Fredrickson, Published on 14/12/2012
» If you have money to burn, a few extra billion baht in your account or a very friendly banker, you might consider buying property in the Siam Square-Ploenchit area.
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SET index dives 50.55 points
Published on 22/03/2013
» Thai stocks plunged 3.3% on Friday, their biggest one-day decline since October 2011, on investor concern that regulators may increase margin requirements for trading to curb speculation.
Buying property in Thailand
By Anonymous, Created on: 17/02/2006, Last updated on: 11/11/2011
» Nothing much to say here is there, i think that IAN has told us all there is to know and believe me.......... .he's right.
Park Ventures Ecoplex Achieves Record Office Rental Rates
By prnews, Created on: 28/06/2012, Last updated on: 28/06/2012
» [attachment=0:8ts88cie]PARK VENTURES.jpg[/attachment:8ts88cie] 28 June 2012, Bangkok – Park Ventures Ecoplex, a grade A office and retail development, has achieved the highest rental rate in the Bangkok office market at THB 875 baht per square metre per month, thus adjusting the new asking rental...
Tidy Deluxe Condominium Sukhumvit34
By prnews, Created on: 18/07/2012, Last updated on: 18/07/2012
» [attachment=0:2s8s998e]Tidy.jpg[/attachment:2s8s998e] After the achievement of the project "Tidy Thonglor" condominium worth 300 million baht, Thonglor seventeenth Co.,Ltd. has continued the development of "Tidy Deluxe" project on Sukhumvit 34 with the total value of 700 million...
Bhiraj Tower Taps Demand for Grade A Offices in a Tightening
By prnews, Created on: 03/09/2012, Last updated on: 03/09/2012
» Bhiraj Tower Taps Demand for Grade A Offices in a Tightening Market 3 September 2012, Bangkok – With the continued improvement in demand for office space in Bangkok, Bhiraj Buri Group has announced its new property development in the heart of Bangkok. The new project will be a grade A mixed-use...
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