UK Embassy Site Sold to the Central Group!

The Central Group in a Joint Venture with Hong Kong Land a member of the Jardine Matheson Group, are set to acquire the 25-rai (4-hectare) UK Embassy Site.

The embassy compound located on Wireless Road and in proximity to the Ploenchit Intersection, is reportedly being sold for a staggering Bt18.6 billion according to The Foreign and Commonwealth office.

Several news outlets are reporting that the Central Group is planning to develop a mixed-use project that is linked to existing Central Embassy. This landmark acquisition is reported to be the country’s biggest land deal.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Fresh Editorial

The Editorial Team is made up of Property Professionals with years of experience in the Bangkok Property Industry. Articles and reports are drafted using first-hand experience and local expertise!

The Team is always excited to hear from our readers via info@freshbangkok.com

Rental Saving Tips: 3 Condo Types that Rent Cheaper in Central Bangkok!

With even 1-Bedders, in the trendiest neighborhoods such as Thonglor, Phrom Phong and Silom fetching up to 35,000 THB++ per month… Let’s face it, renting a condo in Central Bangkok can be surprisingly expensive. So is it possible to find cheaper rentals in Central Bangkok? Most, definitely! Bangkok’s accommodation options are extremely diverse and rental prices are not always dictated…Read More

The Top 5 Websites to Kick-Off your Property Search

Starting a property search in Bangkok can be a daunting and nerve racking experience. The city covers approximately 1500+ Square Kilometers, with hundreds of neighborhoods and literally thousands of condos and houses to choose from! Whether you are looking for an investment or simply a rental property, starting you search online is probably the wisest and most time-efficient way forward.…Read More

Property Agency Commission Rates in Bangkok

It may come as a surprise to many, however Thailand’s Property Agency Industry is completely unregulated. It is important to note, that local property agents are not regulated by any industry specific legislation and are not required to hold a license! As a result, agencies, freelancers and even part-time agents are popping-up all over Bangkok. Unfortunately, this means property searchers…Read More