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THAILAND LIVE Thailand Live Thursday 14 November 2024
Bangkok: Ratchadaphisek land listed for 11 billion baht sale by Puntid Tantivangphaisal Photo courtesy of KhaoSod A prominent businessman has put a substantial parcel of land up for sale in the Ratchadaphisek area, valued at 1.5 million baht per square wah, amounting to over 11 billion baht. This prime location has attracted interest from Chinese investors keen on developing a hotel. Full story: https://aseannow.com/topic/1343508-bangkok-ratchadaphisek-land-listed-for-11-billion-baht-sale/ -
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Pete Hegseth-Sec Def Nominee
Well a good fit would not be having some Washington swamp thing again. I cant wait to watch him run rings around the Dems at his hearings. -
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DEI is dead! Let's celebrate the demise of that woke nonsense
Seems that there are many [retired] members here, who believe that one should not recruit the best candidate if she is a women or she/he belongs to a minority. -
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Bangkok: Ratchadaphisek land listed for 11 billion baht sale
A prominent businessman has put a substantial parcel of land up for sale in the Ratchadaphisek area, valued at 1.5 million baht per square wah, amounting to over 11 billion baht. This prime location has attracted interest from Chinese investors keen on developing a hotel. Over 19 rai of land, located along Ratchadaphisek Road and near the Eastern Orange Line of the MRT, has been listed for urgent sale after being left vacant for several years. This land, originally totalling 28 rai, belongs to Ratchada Business District Co., a business group associated with the well-known entrepreneur Sathit Witthayakorn. Previously, eight rai were sold to the insurance giant AIA Thailand for 3.5 billion baht, setting a record price of 1.1 million baht per square wah in 2021. The remaining 19 rai of land has now been placed on the market, with the asking price set at 1.5 million baht per square wah. The total area listed for sale amounts to over 11 billion baht, although negotiations on the price are possible. Interest has been significant since the sale announcement, with notable interest from Chinese investors. The strategic location, adjacent to the Thailand Cultural Centre MRT station and the interchange between the Orange and Blue Lines, makes it an attractive site for hotel development. Sathit previously mentioned that the entire parcel of 28 rai was intended as a personal land bank. Plans had been considered for developing the remaining 20 rai into a mixed-use project, including hotels and condominiums. However, due to the current circumstances, these plans have been postponed, though the land remains available for purchase if a suitable buyer is found. Patrchai Thaveewong, Director of Research and Communication at Colliers International Thailand, noted that there has been no land transaction along Ratchadaphisek Road for over three years since AIA’s purchase at 1.1 million baht per square wah. The newly listed 19 rai is a large and high-value plot, standing out in comparison to the adjacent AIA property. “The land along Ratchadaphisek has not seen any sales activity for more than three years, which makes this sale quite significant.” The market dynamics in Ratchadaphisek are shifting, with this sale marking a potential turning point in land transactions in the area. The interest from international investors, especially from China, indicates a broader trend of foreign investment in Thailand’s burgeoning property market. As the land sale progresses, the business community and potential developers await further developments, considering the implications for future projects in this vibrant and strategically located part of Bangkok. The outcome of this sale could set a new benchmark for land prices and development opportunities in the area, influencing the direction of urban growth and investment in Thailand’s capital city, reported KhaoSod. by Puntid Tantivangphaisal Photo courtesy of KhaoSod Source: The Thaiger -- 2024-11-14 -
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Thailand plans 14 new floating solar farms to boost renewable energy
maybe the heat will release lots of micro plastics in the water... we all know how healthy that is, right -
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David Lammy Under Pressure to Apologize for Past Comments on Trump
He wasn't in high school or sixth form though was he? He was in opposition whose purpose is to hold the UK government to account and prepare for office should they win. Instead of doing this he spent this time spouting nonsense making libelous & defamatory claims about the president of a country that is not the UK. He is unfit for the role of foreign secretary and is an embarrassment to the UK, and his continued DEI appointment is at the very least not helpful when it comes to US/UK relations and at worst quite harmful. The foreign secretary role should be given to someone with at least some diplomatic skills who does not have a history of antagonizing leaders of other countries. -
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A Police Visit on Remembrance Sunday Reveals the Reality of Our Two-Tier Justice System
Not heading for .....already in deep do do.- 2
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Thai Airways joins backlash against Rolls-Royce delays
thai engineers cannot do this ? reschool some thai electricians?- 1
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