Firms vie for embassy land

Firms vie for embassy land - Bangkok Post, March 31, 2006
...The nine-rai site in front of the British Embassy on Ploenchit Road could fetch as much as one million baht per square wah, say industry executives. That would far outstrip prices paid for prime land on Silom and Sathorn roads, which have been known to fetch between 200,000 and 400,000 baht per square wah.
Two years ago a plot of land on Sathorn Road belonging to the United States Information Services (USIS) fetched 260,000 baht per square wah at an auction.
It was purchased by Singapore's Hotel Properties Limited (HPL) and is being developed into a high-end condominium, The Met...
If it succeeds, LH has said that it plans to invest around 13.5 billion baht in the plot over four years to develop three kinds of property: a serviced apartment building, an office building and a hotel, on 150,000 square metres...

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