Central-Supalai and Investment Groups Ready to Lease MCOT's 50 Rai Land for 9 Billion Baht

MCOT is preparing to lease its 50-rai, 1-ngan, 30.5-square-wah land located in Bangkok's new business center near Ratchada-Rama 9 Road for a 30-year long-term lease. The company is open to various business formats, including large-scale projects, commercial centers, office buildings, shopping centers, and hotels that align with the surrounding environment of condominiums and corporate offices. On February 11, MCOT conducted a Market Sounding event to gather opinions on lease terms, attracting over 30 companies including Central Pattana, Supalai, and international real estate consulting firms like CBRE Thailand and Colliers International. The land is strategically located near key transportation infrastructure, including intersection points for Orange and Blue metro lines, and is within 5 kilometers of several expressways. The estimated land value is approximately 9,000 million baht, with potential for future value increase under new urban planning regulations. MCOT's preliminary timeline includes releasing tender documents in March, holding clarification meetings in April, submitting proposals in May, and selecting the winner in June, with a final presentation to an Extraordinary General Meeting in the third quarter.