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SIAM PARAGON
Siam Paragon was built on the former site of the Siam Intercontinental Hotel, which was demolished in 2002 at the end of its lease. The site, leased for 30 years, is Crown Property Bureau land and at one time was the royal parkland of the Sa Pathum Palace. The mall opened on 9 December 2005 at a cost of about 15 billion baht or US$450 million. It covers an area of 52 rai (8.3 ha, 21 acres).