{"id":24644,"date":"2021-08-04T12:05:20","date_gmt":"2021-08-04T05:05:20","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=24644"},"modified":"2021-08-05T10:02:30","modified_gmt":"2021-08-05T03:02:30","slug":"bangkok-pledges-to-transform-ratchaprasong-and-silom-into-sustainable-districts","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/bangkok-pledges-to-transform-ratchaprasong-and-silom-into-sustainable-districts\/","title":{"rendered":"Bangkok pledges to transform Ratchaprasong and Silom into sustainable districts"},"content":{"rendered":"

Real estate <\/span>developers in the area vow to take respo<\/span>nsibility<\/span><\/p>\n

\"\"
For the next phase, they are working with the BMA to build the Ratchadamri Corridor on Ratchadamri Road in front of CentralWorld, Gaysorn Tower, and Gaysorn Village. Chuchawan\/Shutterstock<\/figcaption><\/figure>\n

Armed with the knowledge of how crucial their role is in promoting truly liveable cities, leading real estate developers in Bangkok have committed to transforming Ratchaprasong and Silom into sustainable districts, according to <\/span>Bangkok Post<\/span><\/a>.<\/span>\u00a0<\/span><\/p>\n

The President of the Ratchaprasong Square Trade Association Chai Srivikorn said that, along with the nine members of the association who belong in retail, hospitality, and commercial property sectors, they aim to convert the one square kilometre area of Ratchaprasong to follow the sustainable concept.<\/span>\u00a0<\/span><\/p>\n

“The key question is sustainability,” said Srivikorn. “Building is one thing, but maintenance is a big issue. To be sustainable, there must be someone who is responsible. You must have members willing to share their knowledge and learn together.”<\/span>\u00a0<\/span><\/p>\n

In the past two decades, the members of the association, who own 23 buildings in the district, have\u00a0invested THB715 million (USD21.6 million)\u00a0to\u00a0construct a 1.15 kilometre BTS skywalk in the Ratchaprasong intersection\u00a0that\u00a0connects\u00a018 buildings\u00a0in the\u00a0vicinity.<\/span>\u00a0<\/span><\/p>\n

For the next phase of the project, they are working with the Bangkok Metropolitan Administration (BMA) to build the Ratchadamri Corridor, located on Ratchadamri Road in front of CentralWorld, Gaysorn Tower, and Gaysorn Village.<\/span>\u00a0<\/span><\/p>\n

In Silom, Ornruedi Na-Ranong, the President of We Love Silom Association, said that they are replicating the Ratchaprasong district model to build a liveable street on Silom Raod, which stretches up to 2.5 km in length.<\/span>\u00a0<\/span><\/p>\n

“Founder members formed the group in 2018 and worked with the BMA to launch pilot awareness activities in 2019. We set up the We Love Silom Association last year,\u00a0with cooperation from other business sectors,\u00a0to start the Silom communities development plan,” she said.<\/span>\u00a0<\/span><\/p>\n

\u00a0More: Thailand real estate undergoes changes from COVID and an ageing population<\/strong><\/span><\/a><\/p>\n

Members of the association, who are landlords of offices and mixed-use towers, securities companies, hospitals, insurance firms, and banks in the area, vow to develop Silom\u2019s surroundings and landscape to be an easy, comfortable, safe, and liveable place to be in.<\/span>\u00a0<\/span><\/p>\n

The partnership\u00a0involves\u00a0one representative from the BTS Skytrain, another from the Bangkok Mass Transit Authority, and 23 from the private and public sectors, 11 of which are members of the association.<\/span>\u00a0<\/span><\/p>\n

Representatives from several government agencies, such as the BMA, the district office, the Traffic & Transport Department, the Drainage Department, the Civil Department, and the Public Works and Town & Country Planning Department will also take part in the project.<\/span>\u00a0<\/span><\/p>\n

“Silom now has a green public space quantity of only 2.25 square metres per person, lower than the capital average of 6.9 sqm. The target is 10 sqm which is very challenging to achieve,”\u00a0said\u00a0Ornruedi.<\/span>\u00a0<\/span><\/p>\n

Today, the accessibility to public spaces in Silom is only at 13 percent and the target is 60 percent.<\/span>\u00a0<\/span><\/p>\n

“Silom Road has limited public space with an average pedestrian pavement width of only 2.5 metres,” she\u00a0added. “Under the new design, we will encourage new buildings to open their own space for public use.”\u00a0<\/span>\u00a0<\/span><\/p>\n

They will persuade older developments to open six to eight metres for pedestrians following the privately-owned public space requirements.<\/span>\u00a0<\/span><\/p>\n

More: Thailand\u2019s resort real estate experience a strong wave of domestic demand<\/strong><\/a><\/p>\n

Cities in Bangkok currently only have a seven percent coverage area for pedestrians, which is a very limited right of way compared to 20 percent in Tokyo, 25 percent in\u00a0Paris, 27 percent in Barcelona, 27 percent in New York, and 47 percent in Portland, Oregon. Experts recommend\u00a0a 20 to 25 percent minimum coverage area.<\/span>\u00a0<\/span><\/p>\n

“Government should give incentives like property tax or more floor area ratio to private property owners that dedicate their spaces for public use and green area,” said Ornruedi.<\/span>\u00a0<\/span><\/p>\n

Through these\u00a0projects,\u00a0<\/span>Thailand Property Award-winning developers<\/span><\/a> L.P.N. Development PCL.,\u00a0Kasemsubsiri Co., Ltd.,\u00a0Habitat Group, Sisaran Group Co., Ltd,\u00a0and\u00a0Serene Surin Co., Ltd.\u00a0—\u00a0who are\u00a0all\u00a0taking\u00a0commendable\u00a0strides to build sustainable developments on their own\u00a0— will have the support of public infrastructures.<\/span>\u00a0<\/span><\/p>\n

Know of any award-worthy homes, condos, flats, or other real estate projects in\u00a0Thailand? Nominate them for the\u00a016th\u00a0Thailand\u00a0Property Awards\u00a0on or before\u00a027\u00a0August\u00a02021. Simply visit\u00a0<\/span><\/i>asiapropertyawards.com\/en\/award\/thailand-property-awards<\/span><\/i><\/a>\u00a0for more details.<\/span><\/i>\u00a0<\/span><\/p>\n

Gynen Kyra Toriano, Digital Content Manager at PropertyGuru, wrote this article. For more information, email: gynen@propertyguru.com<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Real estate developers in the area vow to take responsibility<\/p>\n","protected":false},"author":9,"featured_media":24645,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[101,92],"tags":[652,613,832,651,610,133,286],"class_list":["post-24644","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-property-awards","category-news","tag-green-architecture","tag-green-buildings","tag-sustainable","tag-sustainable-buildings","tag-sustainable-development","tag-thailand","tag-thailand-property-awards","news_country-thailand","news_author-gynen-kyra-toriano"],"acf":[],"yoast_head":"\nBangkok pledges to transform Ratchaprasong and Silom into sustainable districts | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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