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Developers’ Views Sought on Bangkok Land in Makkasan

By on Jun 16, 2015 in Investment-Land, Property News

The Treasury Department is planning to discuss how to make the most of prime Bangkok land owned by the State Railway of Thailand (SRT) in the Makkasan area with some of the larger property developers. Without market feedback, development of Makkasan could be set back, Treasury Department director-general Chakkrit Parapuntakul said.

The Treasury Department has developed several land plots in Bangkok, but some projects have run into trouble. The Treasury Department recommended a rental value a lot lower than the SRT’s 50 billion baht assessment.  This difference needs to be investigated.

From the 497 rai, 150 will be developed into a public park, 30 for a museum and 317 for commercial purposes.

Chakkrit mentioned that lease rates and fees for land in provinces now owned by government entities that is to be developed into industrial estates or rented to private companies in special economic zones would have attractive rates to encourage investors.

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