Bangkok’s trendy Thonglor district is experiencing skyrocketing land prices being driven by high-levels of demand for new hotel and condo projects.
Jan 31, 2019 The Feeding Frenzy That Got Sea Lions Into Deep Trouble. January 31, 2019. A sea lion eating fish at Willamette Falls Bryan Wright / Oregon Department of Fish and Wildlife.
Turning heads recently is Thai-listed Shangri-La PCL’s acquisition of just over a 1.2 rai set of connected plots with a total transaction value of THB1.885 billion (roughly USD60 million). On a per square meter basis the land is over THB2.8 million a square wah (about USD22,000 per square meter).
Feeding Frenzy Bangkok 2019 Map
According to documents filed with the Stock Exchange of Thailand (SET), Shangri-La plans a four-star lifestyle -oriented Hotel Jen branded property with approximately 350 room in a 27-story building.
Feeding Frenzy Bangkok 2019 Season
The most recent hospitality opening in the area has been the debut of the 301 room Hotel Nikko.
There is no indication in the current uptick in Bangkok land appreciation, as most the outlook of most developers is that land values are going to continue to move upwards.
Common thought would have been that highest and best use for this premium-type of land would have been on condominium residences, but Shangri-La is taking an alternative view on Bangkok’s tourism sector.
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