Prime Bangkok plots up for sale
The Treasury Department is preparing to put more than 40 plots of land acquired through asset seizures up for sale, in addition to opening auctions to lease another 10 prime land plots in Bangkok and other provinces.
According to Akkaruth Sandhyananda, the department’s director-general, a key plot to be auctioned in Bangkok is a five-rai site that formerly served as a hospital for the Tobacco Authority of Thailand’s factory. The hospital facility has long since been relocated.
The plot is located on Sathon Road, adjacent to the Eastin Hotel and near the Surasak skytrain station. The estimated land price in the area is about 1 million baht per square wah, giving the plot a total estimated value of around 2 billion baht.
He said the plot is considered a prime area in Bangkok and is designated a red zone under zoning codes, meaning it can be developed for commercial use.
The department is studying what type of project should be opened for private bidding, such as a condo, hotel or mixed-use development. Office space is considered unsuitable as there is a glut in the market. The lease term is 30 years, Mr Akkaruth noted.
Other Bangkok plots to be offered for auction include a site by the Chao Phraya River next to Iconsiam that previously served as a pier. In the past, the department considered developing an observation tower on the site, but that plan was hindered by narrow access.
Another Bangkok plot is two rai and was formerly occupied by the Fish Marketing Organization on Charoen Krung Road, which is awaiting clarification from the occupying agency on the handover of the land back to the Treasury Department.
Several old Treasury Department buildings are being prepared for lease through auctions, such as the historic Ban Phayap building in Soi Wat Sam Phraya.
As for attractive plots in provincial areas, the department is preparing to auction the lease of the Bangpra golf course site in Chon Buri’s Si Racha district. The site was previously put up for auction but attracted no bidders, as the conditions required a hotel to be built within the golf course. Private investors were not interested as there are already many hotels in nearby Pattaya.
He said the department plans to review and redesign the project format to make it more suitable.
The Treasury Department holds a number of plots obtained through legal cases, and at least 40 such plots will be put up for auction, Mr Akkaruth said.
For fiscal 2026, the Treasury Department was assigned a revenue target of 11.9 billion baht by the Finance Ministry. Roughly 95% of the revenue is expected to come from land-lease auctions and rental income, with 5% expected from coin production.
He said the department aims to exceed the target by around 15%, equivalent to generating roughly 13 billion baht in revenue, with most of the additional income expected to come from land auctions.
Mr Akkaruth instructed Treasury officials nationwide to accelerate surveys of land held by state agencies that is not being utilised, with the goal of putting it to productive use.
As for adjustments to the department’s commercial rental rates, officials were asked to study whether increases would be appropriate. Given current economic conditions, he said it may not be suitable to raise rents.
Source: https://www.bangkokpost.com/property/3190619/prime-bangkok-plots-on-the-block
Google Translation:
ที่ดินทำเลทองในกรุงเทพฯ เตรียมออกขาย
ภาพถ่ายทางอากาศของสำนักงานคณะกรรมการอาหารและยาแห่งประเทศไทย (ก.ล.ต.) ซึ่งเป็นรัฐวิสาหกิจภายใต้การกำกับดูแลของกระทรวงการคลัง ที่ดินแปลงหนึ่งซึ่งเคยเป็นที่ตั้งโรงพยาบาลของก.ล.ต. กำลังเตรียมนำออกประมูล (ภาพ: ปฏิพัทธ์ จันทอง)
กรมธนารักษ์เตรียมนำที่ดินกว่า 40 แปลงที่ได้มาจากการยึดทรัพย์สินออกขาย นอกจากนี้ยังเปิดประมูลให้เช่าที่ดินทำเลทองอีก 10 แปลงในกรุงเทพฯ และจังหวัดอื่นๆ
ตามคำกล่าวของนายอัคคารุธ สันธยานันท์ อธิบดีกรมธนารักษ์ ที่ดินแปลงสำคัญที่จะนำออกประมูลในกรุงเทพฯ คือที่ดินขนาด 5 ไร่ ซึ่งเคยเป็นโรงพยาบาลของโรงงานก.ล.ต. แต่ปัจจุบันโรงพยาบาลได้ย้ายไปอยู่ที่อื่นแล้ว
ที่ดินแปลงนี้ตั้งอยู่บนถนนสาทร ติดกับโรงแรมอีสทิน และใกล้สถานีรถไฟฟ้าสุรศักดิ์ ราคาประเมินที่ดินในบริเวณนั้นอยู่ที่ประมาณ 1 ล้านบาทต่อตารางวา ทำให้ที่ดินแปลงนี้มีมูลค่าประเมินรวมประมาณ 2 พันล้านบาท
เขากล่าวว่า ที่ดินแปลงนี้ถือเป็นทำเลทองในกรุงเทพฯ และถูกกำหนดให้เป็นเขตสีแดงภายใต้กฎหมายผังเมือง หมายความว่าสามารถพัฒนาเพื่อการพาณิชย์ได้
กรมกำลังศึกษาว่าควรเปิดโครงการประเภทใดให้เอกชนประมูล เช่น คอนโดมิเนียม โรงแรม หรือโครงการพัฒนาแบบผสมผสาน พื้นที่สำนักงานถือว่าไม่เหมาะสมเนื่องจากมีล้นตลาด นายอัคคารุธกล่าวว่า สัญญาเช่ามีระยะเวลา 30 ปี
Other land plots in Bangkok to be auctioned include land along the Chao Phraya River adjacent to Icon Siam, which was formerly a pier. In the past, the department considered developing an observation tower on this land, but the plan was thwarted by the narrow access road.
Another plot of land in Bangkok, measuring 2 rai (approximately 0.8 acres), was formerly the site of the Fish Marketing Organization on Charoen Krung Road. Currently, clarification is being awaited from the agency that held the land regarding its return to the Department of Treasury.
Several old buildings belonging to the Treasury Department are being prepared for auction for lease, such as the Baan Phayapha building in Soi Wat Sam Phraya.
Regarding interesting land plots outside of Bangkok, the Treasury Department is preparing to auction off land for lease at Bang Phra Golf Course in Si Racha District, Chonburi Province. This plot has been auctioned before, but there was no interest because the condition required the construction of a hotel within the golf course. Private investors were not interested because there are already many hotels in Pattaya.
He said the Treasury Department plans to review and redesign the project to make it more suitable.
Mr. Akkarut said that the Treasury Department has a number of land plots acquired through legal proceedings, and at least 40 plots will be put up for auction.
For fiscal year 2026, the Ministry of Finance has set a revenue target for the Treasury Department at 11.9 billion baht, with approximately 95% expected to come from land auctions and rental income, and 5% expected to come from coin production.
He stated that the Treasury Department aims to exceed its revenue target by approximately 15%, or about 13 billion baht, with the majority of the increase expected to come from land auctions.
Mr. Akkharuth has instructed Treasury Department officials nationwide to expedite the survey of land held by state enterprises but not being utilized, in order to develop it for maximum benefit.
Regarding the adjustment of commercial rental rates by the Treasury Department, officials have been assigned to study whether an increase in rental fees is appropriate. They stated that, under the current economic conditions, an increase in rental fees may not be suitable.
