Property Office Reclaiming 3 large plots of land in the heart of the city "Yaowarat-Pratunam-Ploenchit" leased for 30 years, TOR says the contract can be extended. Closing the legend of Chalermburi in the Chinatown area Demolishing 300 old shophouses, announcing the opening of auctions to find private investors in new projects in 4 more prime locations "Silom-Surasak-Bangna-Kanlapaphruek" pointing out that the BTS is a turning point. Focus on organizing the city Save the environment - fix traffic. Real estate giant waits for the right moment to launch a mixed-use - big project.

Before and after COVID-19 Land use conditions in Bangkok and surrounding areas have changed significantly. with mass transit or electric train projects as supporting factors causing new land development in all forms

Closing the legend of Chalermburi

A source from the Crown Property Bureau revealed to "Prachachat Turakij" that in the past they had reclaimed three large plots of land located in the heart of the city. Due to the end of the long-term rental contract To open the way for private companies with the potential to invest 100% themselves in developing new projects according to the conditions in the TOR that emphasizes city organization. There is green space. Promote good quality of life with smooth surrounding traffic

The first stop is Waeng Chalermburi. At the beginning of Yaowarat Road, right side If coming from Odeon Circle This area is located at the Mo Mi intersection. Between Lamphun Chai Road and Song Sawat Road It is an ancient shophouse that is over 100 years old and in dilapidated condition. Cannot be extended The Property Office has informed small tenants to prepare to move for 2 years before the contract expires and to move all within December 2023.

The move is now successful. The process is to demolish approximately 300 buildings that are no longer usable and open the auction for those interested in developing them further. The new project will focus on design to have a sense of the culture that is Chinatown. and a source of delicious food 24 hours a day. It is a landmark and check-in point for tourists of all nationalities. Because Yaowarat is already one of the top-ranked food streets in the world.

Reporter "Prachachat Turakij" reported that this location used to be a popular news story and went viral on social media when 3 famous shops announced they were moving to new locations, such as Nam Khom Nam Tao Thong restaurant. Lod Chong Singapore restaurant Pork bone porridge shop Each shop has moved to rent a shophouse in that area, which is not far from each other. without abandoning the Yaowarat location that has generated income for over 50 years

Meanwhile, old shops that sold general merchandise have gradually moved out. Some of them liquidated their businesses before the Property Office officially notified them. As for those that can continue in this era, famous restaurants on Yaowarat Road have moved to include restaurants owned by relatives, such as Shark Fin Restaurant, etc.

“In the past, I admitted that the rent was very cheap. If it's a one-room building, it's over ten thousand baht per month. As for the panels in the alleys, the price is about 5,000 baht per month, while the daily income is very high. Whether the economy is good or not, money is flying around. There are many rooms that change hands from the first buyer to the next, but these are few. When the contract expires, it's time to create a new one. We heard that the new project will be beautiful and have a Chinese design. It is a retail area that will bring in great shops like a new organization like Samyan Mitrtown.”

“Location conditions have changed. After the subway or MRT passed by, from before people in this area protested against building it. But once built, prosperity will come. Tourists travel easily. You can walk all around. Yaowarat in this era is like being born again,” the source said.

Breaking down Chalermlap Market

The second point is the market area of the old commercial area, Chaloem Lap Market, Pratunam area, where the Property Office has hired a joint venture, Chiang Mai Public Works Limited Partnership. Demolish buildings measuring more than 7 rai over a period of 360 days starting from October 7, 2021 in order to deliver the area to the company. S.P.C. Properties and Development Company Limited, a subsidiary of the Platinum Group. which is an entrepreneur renting space to wholesale ready-made garments Lord of the Pratunam area

As a contracting party After the said company won the auction with a value of 3,000 million baht, there was a long-term lease term of 30 years to develop the project commercially. It is considered to be land in the prime location of the commercial area on New Petchaburi Road. that connects 2 important roads, namely Ratchaprasong Road and Ratchaprarop Road There is an Airport Rail Link to support travel and connect to Suvarnabhumi International Airport.

Reporters reported that The project was originally planned for development for quite a long time. But there was a problem from a group of tenants who didn't want to move out. Because there are many people who have leased space at expensive prices from the original tenants. causing unequal costs

Plus a change in the location of the Orange Line (West) station that is planned to be built in the near future. This causes the analysis and value points of land values to be adjusted to new plans to be in line with new projects that will occur. It is expected that the Platinum group will develop it into a mixed-use unit. A collection of high-rise buildings that can be used in every dimension. To support being the center of shopping for tourists around the world.

The development of the big project will be in the generation of the heirs, Miss Suthita Chotjulangkun, the youngest daughter of Mr. Surachai, and Mrs. Panjaporn Chotjulangkun, owner of Platinum Department Store. who recently married Mr. Nayanop Bhirombhakdi, son of Mr. Chutinon (deceased) and M.L. Piyaphat Bhirombhakdi, heir to the Singha-Boonrawd Brewery business, considered two large families with the potential to Expanding the family business

Let the private sector manage

News reports also revealed that Guidelines for land development and new projects of the Property Office will maintain its role as the sole owner of the property Ready to open for all private companies to operate. according to agreed conditions There will not be a joint venture like in the past like "Siam Sindhorn" jointly developed by Siam Commercial Bank and Land and Houses Public Company Limited in order to provide independent and appropriate management in each situation. Therefore, The Old Siam Project Plaza, Wang Burapha area, is therefore the last big project of the joint venture.

One tenant of land and buildings in the Wang Burapha area revealed "Prachachat Turakij" said he considers himself lucky to be able to rent a shophouse from the Property Office. Because it's a location that can't be found anymore. is in the inner city area It is a source of history that is priceless. Importantly, there is now Sam Yot MRT Station passing through. It is the yolk of a prime location with the most beautiful stations.

“The rent is 10,000 baht per month, which is considered very cheap. We actually paid the first lease fee in a lump sum. But we've been here a long time. Doing business well But the condition is that the tenant must have the same last name. If the maiden name is gone The Property Office will restore it.”

Waiting to win Ploenchit 18 rai

The source said At this time, the Property Office Still open to private sector interested in long-term lease of another plot of land along Ploenchit Road, Pathumwan District, size 18 rai 1 ngan 18.8 square wah after reclaiming the land from the previous tenant, TOT Public Company Limited or the Telephone Organization of Thailand. In the time of making the contract

This is a beautiful plot of land with a long rectangular shape. The front side is adjacent to the Srivikorn group's land. On Khunying Sasima's side Srivikorn and heirs While opposite the former Sogo department store, the Roman column is undergoing a major renovation. The owners are Mr. Chai - Mr. Chan Srivikorn, twin businessmen. Current owner of Gaysorn Village and Renaissance Ratchaprasong Hotel with office buildings for rent of the Maneeya Group. with Ms. Sikanya Sakdidej Panupan, heir apparent, as administrator.

Currently, the Property Office They hired a private company to demolish all the old buildings. The picture you see will be a bare land. The new project is expected to be a mixed-use project with a hotel, shopping center, and office building. Because it is in the central business location There is a BTS passing by and next to Chidlom station. Average land price is 2.5-3.1 million baht per square wa.

This land was originally planned to be developed around the same time as the large real estate project of the Narongdet Group. Wireless Road intersection Next to the Bank of Ayudhya, Ploenchit, but there are problems with strangeness of the level of officials and intermediary coordinators. cause delays To make transparency the norm

However, in the conditions of the TOR, the same applies to the development of large-scale projects that must meet the needs of the public rather than returns. Both in terms of being a green area Save the environment and plan traffic to the utmost To create future value in the form of a smart city Innovation city like The Bangkok, mixed-use, 100 billion baht of the family magnate "Sirivadhanabhakdi" that creates construction standards that do not cause the public to suffer in terms of dust and soil transportation.

As a result, the Property Office Allowing land to be used without rent. for the Expressway Authority of Thailand Reorganize traffic Create an entrance-exit With a toll booth near Rama 4 Expressway (Bon Kai)

Auction on new land

Most recently, the Property Office Also announced to open for long-term rental of several plots of land. It is open to private individuals who are interested in applying for conditions (TOR), which is a location connected to the Green Line, both the Sukhumvit Line and the Silom Line. (Crossing the Thonburi side) as follows:

1. Silom location, 1 plot, area size 1 rai 2 ngan 11.70 square wah, along Silom Road, Bang Rak District.

2. Surasak location, 1 plot, area size 6 rai 87.40 square wah, along Surasak Road, Bang Rak District.

3. Bangna location, 1 plot, area size 10 rai 1 ngan 30.85 square wah, in the area of Sanphawut Road, Bangna District.

4. Kanlapapruek location, 1 plot, area size 19 rai 3 ngan 44.97 square wa, along Kanlapapruek Road (outbound side), Chom Thong District.

The rest is an announcement for recruiting leaseholders of real estate in the category of general commercial buildings, such as a 4-story building in the Ratchawithi area, temporary parking spaces in the Sake Alley area, Buranasart Road, Phra Nakhon District, which is a project to solve traffic problems in the Ratchadamnoen Klang Road area. We provide temporary daily and monthly parking services. From today - 31 December 2025, open every day between 6:00 a.m. - 6:00 p.m.

In other provinces, there are Nakhon Pathom, Chachoengsao, Phra Nakhon Si Ayutthaya, Nakhon Sawan, Lampang, Phetchaburi and Songkhla, which are branch offices. It depends on whether the land will be reclaimed after the contract expires or not. To find new tenants

Changing city landscape

A source from the real estate industry revealed to "Prachachat Turakij" that Bangkok today has been completely transformed by basic infrastructure, including new roads and the completed electric train. including the Green Line, Blue Line, Purple Line, Yellow Line, and Pink Line, causing investment to be continuously driven.

Even in 2024, many real estate companies will announce investment plans at the level of 1-50 billion baht. But it is considered a small part. Only the top five and top ten companies have the strength and courage to take risks. Because the economic and political situation is unstable. different from expected In addition, world geopolitics has reached a turning point. The war raged on. It makes the global economy gloomy.

“But development must continue. Both develop ideas, develop people and develop land,” the source emphasized and said.

Ownership of land therefore changes hands. Especially inner Bangkok and outside the large plot of the old Land Lord where the original land owners would flock to sell their land There are large capital groups that are new developers in all forms, including hotels, condominiums, and new-dimensional shopping malls scattered in strategic locations for travel and tourism.

Such as groups of famous family magnates, Chirathivat Sirivadhanabhakdi, Chearavanont Ampuch, Chutrakul-Sarasin, Asavabhokhin, Thaweesin Tangmatitham, Sosothikul Narongdet Buri Srivikorn, etc.

Source:https://www.prachachat.net/property/news-1496135

No. 7/2/2024