The Treasury Department plans to offer a private island in Krabi province for sale or lease to generate revenue.
According to director-general Akkaruth Sandhyananda, the proposed sale or lease of the island in Krabi should generate revenue for fiscal 2027, when it aims to produce roughly 14 billion baht in revenue.
The department's land and property portfolio originates from various sources, including legal proceedings under which court judgements vest land to the state as Treasury Department property.
The department is responsible for managing these assets to generate revenue. Properties with commercial potential may be offered for lease, while those for which a sale would provide greater value may be sold.
The department is assessing the sale price for Koh Pleo, a tiny island in Krabi, as well as more than 40 rai of seafront land in Chian Yai district in Nakhon Si Thammarat.
In addition, Mr Akkaruth said the department is preparing to auction several high-potential state-owned land plots for commercial development. Projects that have attracted strong investor interest include the former Thailand Tobacco Monopoly site on Sathon Road, covering around six rai in a prime business district, and a riverside plot of more than two rai near Rama VIII Bridge, adjacent to the Kin Lom Chom Saphan restaurant and overlooking the King Rama VIII Memorial.
A market sounding for the former Tobacco Monopoly site is scheduled for the end of this month, with the auction expected in September, he said.
The riverside plot is also expected to be put up for auction in September, said Mr Akkaruth.
In terms of the department's strategy for managing land and increasing revenue, it expects to remit 14.3 billion baht to the state in fiscal 2027, in line with the government's target, while accelerating the completion of pending projects and auctioning high-potential land to stimulate economic activity, he noted.
Key projects include the Mo Chit state land development project, which is expected to generate more than 1.2 billion baht in repayments and over 400 million baht in upfront fees, as well as the Hua Hin beachfront hotel development project. The latter is expected to be submitted to the cabinet for approval after the project's value was revised following the consolidation of plots, which is expected to increase revenue by 70-80 million baht.
