While the Thai economy is experiencing a slowdown a few property developers are still on a mission to expand their empires, particularly those areas within a reach of BTS service. SC Asset Corporations Public Co. Ltd. and Magnolia Quality Development Corporation are two of developers who recently made a purchase on lands closed to BTS stations. SC Asset Corporations Public Co. Ltd. purchased a land plot which was once REX Hotel, located within a closed proximity to Emporium shopping mall and only 200 metres away from Thong Lor station. The plan is to build a super luxury condominium. Magnolia Quality Development Corporation also bought a land closed to Punnawithi station for a condominium project in the future.
Source: Pracharchart 04th August 2015
