gobbledonk Posted August 25, 2011 Report Share Posted August 25, 2011 Reading ratchada's thoughts on Patpong in another thread prompts me to ask 'How many years have we predicted the end of NEP ?'. I agree with him that it is in a prime position for redevelopment, and I also agree with others that its a major fire hazard, but the place has been a shambles for years (decades) ? When I look across the road, I see the Nana Hotel, itself long overdue for the wrecking ball, then further down the road we have the rotting corpse of Rajah Mansion and assorted businesses which seem to change hands every few months. Moving back onto Suk, they are finally putting something on the corner of Soi 22, yet Wa Square remains in all its crumbling glory. I'm not saying that it wont happen, but I'm not prepared to write the old girl off yet. I dont spend a lot of time in NEP itself, but its hard to imagine Soi 4 without that glaring neon. Link to comment Share on other sites More sharing options...
cavanami Posted August 25, 2011 Report Share Posted August 25, 2011 The people that own that prime real estate have mountains of money so they are not in need of doing anything with the properties. Wealth is wealth. Whether it is cash in the bank, gold or real estate, it is all wealth Link to comment Share on other sites More sharing options...
Julian2 Posted August 25, 2011 Report Share Posted August 25, 2011 It must generate huge income for little outlay, all those bars paying rent and zero maintenance. Link to comment Share on other sites More sharing options...
Guest Posted August 25, 2011 Report Share Posted August 25, 2011 Granted, I don't think it's going anywhere anytime soon...but I do think it's inevitable that one day we'll wake up and it will suddenly be on the verge of closing. I will be sad, even though these days I spend little time on soi 4 save for the non-Nana bars that do the battle of the cheap happy hour beers (Bar 4 and Striker's, mostly). Link to comment Share on other sites More sharing options...
ThaiHome Posted August 26, 2011 Report Share Posted August 26, 2011 From a real estate development perspective, I think Cowboy would go before NEP. The Asok/Sukhumvit area is turning into a major office district and Cowboy sits right in the middle of it. TH Link to comment Share on other sites More sharing options...
Julian2 Posted August 26, 2011 Report Share Posted August 26, 2011 They certainly knocked over those little beer bars on the corner of Asok and Suk before anyone realised what was going on. Link to comment Share on other sites More sharing options...
Bar4 Posted August 26, 2011 Report Share Posted August 26, 2011 From a real estate development perspective, I think Cowboy would go before NEP. The Asok/Sukhumvit area is turning into a major office district and Cowboy sits right in the middle of it. TH Cowboy is difficult for a developer as the buildings are owned by many. It would take a lot of negotiation to get them all to agree to sell I am told. But who knows! Cheers, Mark Link to comment Share on other sites More sharing options...
Bar4 Posted August 26, 2011 Report Share Posted August 26, 2011 From a real estate development perspective, I think Cowboy would go before NEP. The Asok/Sukhumvit area is turning into a major office district and Cowboy sits right in the middle of it. TH Cowboy is difficult for a developer as the buildings are owned by many. It would take a lot of negotiation to get them all to agree to sell I am told. But who knows! Cheers, Mark Link to comment Share on other sites More sharing options...
kamui Posted August 26, 2011 Report Share Posted August 26, 2011 Cowboy is difficult for a developer as the buildings are owned by many. It would take a lot of negotiation to get them all to agree to sell I am told. But who knows! Cheers, Mark Money and power talks. I guess, if a really powerful figure who is well connected in the Asoke area (including the higher ups in the police of course), would be able to harass the owners until they would sell. You'll just have to wait another 5-10 years when the land gets even more expensive... Link to comment Share on other sites More sharing options...
Flashermac Posted August 26, 2011 Report Share Posted August 26, 2011 Shinawatra Emporium??? Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.