The developer Sansiri Plc has paid a record price of 1.5 million baht per square wah (four square meters) for a land plot on Wireless Road. Sansiri acquired the 823-square-wah plot, which used to house the Spanish embassy, and is located behind the Bank of Ayudhya on Wireless Road, in March. The price surpassed the one million baht per square wah paid by Raimon Land Plc for a plot on Phloenchit Road which it bought from Oishi Group founder...

Central Pattana Plc (CPN) says it will take 14 months to reopen the entire CentralWorld shopping complex, which was heavily damaged by fire in the May 19 Bangkok riots. Kobchai Chirathivat, the company’s president and CEO, said the Isetan department store at the north end of the mall would be reopened this month, followed by SuperSports and Power Buy in October. “We will open 100% of our plaza area within the next six...

Siam Piwat Co, the operator of Siam Center, Siam Discovery and Siam Paragon, will increase its marketing budget by 10% to 15% for the rest of the year to restore the image of the area and revive the shopping mood. Siam Paragon Bangkok Chadatip Chutrakul, CEO of Siam Paragon and managing director of Siam Center and Siam Discovery, said the new marketing budget for the three shopping centers over the final seven months would be 770-800 million...

Fourteen listed property firms are planning to launch 159 residential projects with a market value of Bt202 billion in the second half of this year. Expansion at this rate would put pressure on the country’s existing supply of new residences, which reached 189,000 units in May. Sansiri. Town+ Kaset-Nawamindra In the first quarter, the 14 listed companies launched 41 projects worth Bt37 billion. These were part of overall plans by the...

The Bangkok hotel market had a good Q1 2010 on the back of a return of robust tourism figures highlighting the enduring appeal of Thailand and its capital city. Occupancy rates for the Luxury/Upper scale segments came just shy of the 70% mark. The Bangkok hotel market had a good Q1 2010 on the back of a return of robust tourism figures highlighting the enduring appeal of Thailand and its capital city. Occupancy rates for the Luxury/Upper...

We all need space. Space offers us a canvas on which we can express our freedom in many ways. It can also somehow define our prosperity. In one’s mind, space could represent a vast area of land situated in a quiet suburbia, or it may be the tiny parquet floor of a downtown condominium in a city that never sleeps. In a commercial sense, space denotes a key prerequisite for starting up a business. To acquire space to start a business,...