Transform the old TOT land. Next to Chidlom BTS station, mixed-use, world-class, 10 billion "assets", go ahead and evaluate the value before announcing the auction to attract the private sector for long-term rentals, filling the CBD, pushing up land prices.

TOT (old) plot of land in Chidlom, an area of 12 rai, is being watched by investors that if they get this plot of land Will be able to generate huge returns in the long run as it is a leasehold land. (Leasehold right) large plot

The last treasure in the heart of the city of the Bureau of the Crown Property which is located in the middle of a world-class building circle Adjacent to Chidlom BTS station Link traveling by electric train and road network can reach each other in many directions

However, if anyone passing by will see the change of this plot of land. have movement At present, the area has been demolished and converted into a space waiting for new investors to develop. It is estimated that it will be a modern building that pays attention to the environment worth at least ten thousand million baht.

A news report from the Crown Property Bureau reveals "the economic foundation" that it is preparing to bring the old plot of land TOT Chidlom to auction to find a new private person to develop the area after TOT Public Company Limited or TOT, the original tenant, has expired. and demolish the old building

expected no more than At the beginning of this year, the auction will begin. The format will be mixed use. It can be developed in a variety of forms such as hotels, shopping centers, office buildings, etc. because it is located in the central business district with a sky train linking through.

Recently, it is in the process of hiring a land plot appraisal company before announcing the private sector to submit an offer. Proposal Development Model However, the Crown Property Bureau often views in terms of a model that will meet the development needs.

that can accommodate tourists working in that area Rather than financial returns, the development must be characterized by a smart city. innovation city Focusing on green areas to save the world for maximum value, etc.

Going back to before, when TOT's contract will expire at the end of 2022, about 1 year, there was a real estate company. who is a relative of a famous politician Have secretly negotiated with officials in the office And give a return in exchange for this plot of land until there is a subsequent lawsuit

However, the new auction It is believed that it will become more active as the economy shows positive signs to reverse the situation of COVID-19 and reopen the country. All over the world foreign travel makes Development started to come back colorful.

Importantly, the land is located in a location with high development potential. According to the Bangkok City Plan, it is designated as a red area (Por. 5). Commercial land can be developed 10 times the plot of land, indicating that it is a prime location in the heart of the city that many investors want.

Sources from the TCC group reflect that large plots of land in the city are quite hard to find. and has a high value whether it's a list hold or a free hold The price is more than 3 million baht per square wah. It is considered that long-term rental is more worthwhile than buying land for your own investment, which is currently popular with large companies in the form of rental such as Singha Estate Public Company Limited, TCC Group, C Group. Phi etc.

The corner reflects Mr. Surachet Kongcheep, managing director of Property DNA Co., Ltd., revealed that the 12-rai plot of land used to be a TOT office next to the Chidlom BTS station. and at the corner of Chidlom Road has once again become the focus of real estate camps.

for the price of land if The purchase price is about 3 million baht per square wah. In 2016, SC Asset Corporation Public Company Limited bought land in the alley behind the property land. Existing TOT office location at a price of 1.9 million baht per square wah While the appraisal price of the Treasury Department (2023-2026) is priced at 1 million baht per square wah.

development model part The land is expected to be a large mixed-use project such as a shopping center, office building, hotel, serviced apartment, because it not only complies with the land requirements but is also suitable for the location of this plot of land.

according to the current Bangkok City Plan TOT land is in the red area (commercial) where large buildings can be developed, including residential for rent, serviced apartments, hotels, shopping centers, etc.

In addition, the Chidlom location on Ploenchit Road also links to important building blocks like Central World 4-5 star hotels office building Including the Vajiravudh Wittayalai land, an area of 63 rai, which was transferred from the Bureau of the Crown Property, is in the process of being demolished. At the same time, up to two buildings located next to BTS Ratchadamri station, namely

The Peninsula Plaza Building Soi Mahadlekluang 1 transformed into a grand hotel Center Point Ratchadamri 2, another plot, Soi Mahadlek Luang 3, Obayashi Building that will be redeveloped, etc.

Source:https://www.thansettakij.com/real-estate/554402

Date 28/1/2023