A high-profile 19-rai plot of land near the MRT Orange Line on Ratchadaphisek Road has been listed for sale, sparking interest from investors, including Chinese groups considering hotel development. Owned by Ratchada Business District Co., led by businessman Sathit Witayakorn, the land is part of a larger 28-rai parcel. In 2021, 8 rai of this land was sold to AIA Thailand for a record 1.1 million THB per square wah, or 3.5 billion THB in total. Now, the remaining 19 rai is up for sale at 1.5 million THB per square wah, totaling approximately 11 billion THB, though negotiable.
This listing has garnered significant attention due to the strategic location near the MRT Cultural Center station, a future Orange and Blue Line interchange. Previously, Sathit indicated plans to develop the land into a mixed-use project but has postponed due to market conditions. According to Colliers International Thailand, this sale marks the first major land transaction on Ratchadaphisek in three years, highlighting the plot's value and rarity in this prime area.
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