CBD land prices continue to skyrocket | Bangkok Post: business

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CBD land prices continue to skyrocket

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While large developers froze their land purchases in Bangkok's central business district (CBD) over the past six months, individual investors kept buying plots to develop small condominium projects or resell them for attractive yields of 15-20%. 

The front view of the former Merry Kings department store with 20,000 square metres in lettable area in Wong Wian Yai, which is now up for sale by CBRE.

The most active location in the first half was Sukhumvit Road, followed by Sathon Road, said Kulwadee Sawangsri, executive director and head of investment and land services at property consultant CB Richard Ellis (Thailand) or CBRE.

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