SKYY9 office deal ‘second largest on record’

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Bangkok Post 4h ago

SKYY9 office deal ‘second largest on record’ - Bangkok Post

Quick Summary:

SKYY9 Centre, the Bangkok office tower at the centre of a controversy about the investments of the Social Security Office (SSO), represents the second-largest office transaction on record in the capital, according to the property consultancy Colliers Thailand.

The government this week set up an inquiry panel to investigate allegations by the opposition People’s Party that the SSO vastly overpaid for SKYY9, which it said had an appraisal price of just 3 billion baht.

Mr Phattarachai estimated the land and construction costs for the building on the higher end at 1.3 million baht per square wah for land, and 40,000 baht per square metre for construction.