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Bangkok Industry – Makkasan Plot to Host Commerce Park

By on Apr 10, 2015 in Industrial, Property News

Bangkok IndustryBangkok industry takes priority. The Finance Ministry plans to develop a prime land plot owned by the State Railway of Thailand (SRT) in Bangkok’s Makkasan area for both commercial and social purposes.

Earlier the Finance Ministry planned to develop the land plot as a new commercial district, but public protests demanded the land be maintained as a green zone. The is made up of a mix of swamp and land that can be developed.

The Finance Ministry will meet with the SRT next Wednesday for a joint appraisal of the land value for the rental fee calculation. Transport Minister Prajin Juntong earlier said part of the plot should be set aside for a new park, museum, exercise area and bicycle lane.

The department also plans to develop vacant plots adjacent to airports as solar farms such as in Songkhla’s Hat Yai district to increase the department’s revenue stream to at least 6 billion baht a year in the next two years from 4-5 billion.

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