A magnificent plot of freehold land in Bangkok’s highly sought-after Lang Suan neighborhood has recently come up for bids.
Offers are being sought for a major development plot on Bangkok’s prestigious Lang Suan Road, which is managed by Colliers Thailand, a powerhouse in real estate and professional services. This opportunity has attracted the attention of investors from all over the world since it is one of the remaining freehold parcels of land left in the sought-after Lang Suan-Phloenchit area.
This intriguing property on Lang Suan Road has a dramatic 50-meter frontage on the prestigious Lang Suan Road and an amazing land area of 2 rai, 1 ngan 80 wah (or 3,920 square meters). Due to the site’s advantageous location—just 480 meters from the BTS Chidlom station—it offers businesspeople, visitors, and shoppers alike more than optimal access across the city. Rectangular shape of the site and ideal location in the center of Bangkok encourage potential for significant high-rise construction. With a maximum gross floor area (GFA) of 47,040 sq m already available, innovative, large-scale projects may be eligible for a 20% floor-area-ratio (FAR) incentive.
The Lang Suan-Phloenchit neighborhood nearby has experienced substantial growth, and grade-A business buildings like One City Centre and Park Ventures are now among the area’s most recognizable landmarks.
Due to its superior infrastructure, which includes famous institutions, hospitals, schools, opulent malls like Central Chidlom and Central Embassy, numerous five-star hotels, and numerous embassies, the area emanates a certain grandeur. The desired Lumpini Park, often known as Bangkok’s green lungs, is nearby and provides a tranquil escape from the bustle of the city.
Fewer property plots are becoming available due to increased demand for residential and commercial properties in Lang Suan, which eventually raises land prices in the area. It shouldn’t come as a surprise that Lang Suan has seen some of Bangkok’s most expensive land purchases, with prices exceeding 3 million baht per square wah.
Property analysts predict a sustained rise in land prices as the city continues to grow as a result of BTS skytrain line extensions and significant mixed-use developments.
The Lang Suan Road, which is sometimes compared to renowned boulevards like Tokyo’s Ginza and London’s Knightsbridge, provides a seamless fusion of business and leisure.
This exclusive boulevard is lined with prestigious buildings including Sindhorn Village Lang Suan, Kimpton Maa-Lai Hotel, Sindhorn Kempinski Hotel, Velaa Sindhorn Village, Baan Sindhorn, Sindhorn Residence, Sindhorn Tonson, award-winning restaurants, and independent coffee shops. Notably, the land is located less than a kilometer from Gaysorn Village and just one kilometer from CentralWorld. Colliers Thailand, the company offering this exclusive investment opportunity, specializes in the most prestigious and private areas in Bangkok.
This opportunity will be highly alluring to investors looking to purchase freehold land in one of Bangkok’s most desirable neighborhoods. For more information, contact Tysen Kamin, deputy managing director of C.I.T. Property Consultants, at +66 81 373 3916 or [email protected], or Sumaytinee Wongrungroj, manager, at +66 81 251 5353 or [email protected]. It should be noted that the auction for this outstanding Lang Suan Road property tract has already begun, and that this exceptional opportunity is not expected to endure for very long, according to Bangkok Post.
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