MCOT opens bids for Bangkok landThe MCOT land is located on Watthanatham and Thiam Ruam Mit roads, adjacent to an exit of the Thailand Cultural Centre station on the MRT Orange Line. The leasehold price is expected to be 30-40% of the freehold value, which MCOT has estimated at 9 billion baht based on the re-zoning plan. Instead, we chose to lease the land rather than invest directly or pursue a joint venture." The process took some time as MCOT needed to ensure clarity on access points, review relevant regulations, and reassess the land value following the re-zoning, which resulted in a 20% increase in valuation, said Ms Soontareeya. MCOT plans to open bidding for the lease of two additional plots after the Rama IX site.

Source: Bangkok Post February 13, 2026 23:06 UTC