Economy
MCOT Announces Long-Term Lease for Prime Land Plots
State-owned media company MCOT is opening bidding for 30-year leases on three high-value land plots to diversify its revenue streams.
According to Prachachat Business, the state-owned media organization MCOT is seeking to boost its revenue by offering long-term, 30-year leases on three prime land locations. The properties are situated in Ratchada, Nong Khaem, and Ban Phai.
The most significant asset is a 50-rai plot in the Ratchada area, which is valued at approximately 9 billion baht. Industry analysts estimate that developing this specific site could require an investment of up to 20 billion baht. MCOT has opened the bidding process, with the deadline for purchasing application documents set for August 26, 2026. Reports indicate that several major publicly listed real estate developers have already expressed interest in the project.
For residents and visitors, this development is notable as it signals a major shift in land use for these areas, particularly the Ratchada district, which is a key commercial and transit hub in Bangkok. Large-scale construction projects in these zones may lead to future changes in local infrastructure, traffic patterns, and the availability of commercial services.
While the interest from major developers is confirmed, the final selection of the winning bidders and the specific nature of the future developments remain to be determined. Further details regarding the project timelines and the exact scope of the construction will likely emerge following the conclusion of the bidding process.