Diplomatic Briefing

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Newsline: UK embassy land on sale in Thailand

Land plots in bustling prime locations remain appealing, with the British embassy expected to shed its 23-rai property on Wireless Road for more than 18 billion baht. The price of the plot, which serves as the embassy’s head office, is estimated at more than 2 million baht a square wah. A nearby plot was bought last year for 1.91 million baht a sq w. A decade ago the British embassy opened a bid for a land plot sized 9.5 rai on Phloenchit Road next to its current head office. The winner was Central Group of Companies with a price of 950,000 baht per sq w.

http://www.bangkokpost.com/news/special-reports/1073920/uk-embassy-land-sale-put-at-b18bn

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