{"id":30429,"date":"2022-08-31T12:34:38","date_gmt":"2022-08-31T05:34:38","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=30429"},"modified":"2022-09-21T11:34:06","modified_gmt":"2022-09-21T04:34:06","slug":"latest-megaprojects-set-to-change-the-face-of-bangkok","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/latest-megaprojects-set-to-change-the-face-of-bangkok\/","title":{"rendered":"Latest megaprojects set to change the face of Bangkok"},"content":{"rendered":"

Landmark developments along Bangkok\u2019s Rama IV Road like One Bangkok and Dusit Central Park are upping the ante for real estate in Thailand\u2019s capital<\/p>\n

\"\"
Thailand\u2019s capital has never been one for standing still. Travelman\/Shutterstock<\/figcaption><\/figure>\n

The reign of King Mongkut was a transformative one for Thailand.<\/p>\n

The monarch ruled over his country for a relatively short time, his tenure lasting for just 17 years between 1851 and 1868. In that period, Siam\u2014as it was then known\u2014was increasingly feeling the pressure of western expansionism.<\/p>\n

To bolster his country and prevent conflict with threatening colonial powers, he initiated modernisation in technology and culture.<\/p>\n

Therefore it is appropriate that the artery bearing his posthumous name\u2014Rama IV\u2014has become synonymous with the breakneck evolution of Bangkok.<\/p>\n

Thailand\u2019s capital has never been one for standing still. All over the city, new real estate projects and infrastructure progress as rapidly as a speeding tuk-tuk driver on an empty soi. But the activity underway on Rama IV Road is remarkable even within this hyperactive context.<\/p>\n

Linking upper Sukhumvit with Charoenkrung Road and Bangkok\u2019s older quarters, the thoroughfare passes by historical and cultural landmarks such as Hualamphong Railway Station, Lumpini Park and Khlong Toei Market, the city\u2019s biggest fresh market.<\/p>\n

It\u2019s the vast construction sites that pepper its flanks that are nurturing the future signatures in the Thai capital. Here, workers are grafting round the clock to bring two of the country\u2019s most significant mixed-use real estate projects\u2014One Bangkok and Dusit Central Park\u2014to realisation.<\/p>\n

\u201cRama IV Road makes the perfect alignment and direct interlink with main avenues in Bangkok,\u201d says Marciano Birjmohun, director of the Singapore-Thai Chamber of Commerce and a member of the PropertyGuru Thailand Property Awards judging panel. \u201cIt, therefore, possesses one of the main criteria of mixed-used developments. And that\u2019s connectivity.\u201d<\/p>\n

More: Live large in Malaysia\u2019s next big resort destination<\/strong><\/a><\/p>\n

When One Bangkok opens at the junction of Witthayu Road and Rama IV, it will be the most expensive real estate project in Thai history. It will be the largest integrated development in Bangkok\u2019s central business district with an investment value of over THB120 billion (exclusive of land cost). When fully completed, the project will include five premium grade A office towers, four distinct retail precincts, five luxury and lifestyle hotels and three luxury residential towers. Its 430-metre Signature Tower will be one of the 10 tallest buildings in Southeast Asia. A dedicated shared space for art and cultural activities and exhibitions will be part of the project.<\/p>\n

\u201cOne Bangkok will reshape and redefine its urban landscape in a positive and lasting way as the largest private sector property development initiative undertaken in Thailand,\u201d says Panote Sirivadhanabhakdi, group chief executive officer of Frasers Property Limited, the joint developer of One Bangkok. \u201cOur ambition is to build sustainable developments that improve quality of life and are part of the fabric of the community. It is our goal to constantly create offerings that connect with their surroundings and become a global landmark that the community can be proud of. We believe One Bangkok is an offering worthy of what Thailand\u2019s capital can deliver on the world stage.\u201d<\/p>\n

\"\"
Dusit Central Park will occupy the former site of the landmark Dusit Thani Hotel. SupakornAngaumnuaysiri\/Shutterstock<\/figcaption><\/figure>\n

Smaller in scale but equally redolent with symbolism is Dusit Central Park. With a total construction area of over 400,000 square metres, the project is rising on the site of the iconic Dusit Thani hotel at the top of Silom Road, which was demolished to make way for its successor. It comprises a five-star hotel, luxury branded residences, grade A office space, and a major shopping mall, all connected by the verdant 11,200-sqm Roof Park, which will become one of Bangkok\u2019s most dramatic attractions.<\/p>\n

\u201cDusit Thani Bangkok was created as a landmark hotel, and over its 50-year history it welcomed royalty, world leaders, and celebrities from around the globe,\u201d says Suphajee Suthumpun, Dusit International group CEO. \u201cDusit Central Park marks the next chapter in the story of this Thai icon and the project is a historic one not just for the company, but for the whole of Bangkok. Our location is the \u2018super-core CBD\u2019 of a major global city. When such areas are developed, they become iconic urban projects that define their destination and represent their community. It is a great responsibility for which we are deeply honoured and proud.\u201d<\/p>\n

While Rama IV Road is in the spotlight, it is far from the only location in Bangkok that is undergoing dramatic change due to mixed-use development. To the north of Lumpini Park, Sindhorn Village offers luxury residences and hotels such as Kimpton Maa-Lai and Sindhorn Kempinski, and a retail and leisure precinct called Velaa. On the city\u2019s outskirts, meanwhile, the Forestias by developer MQDC covers an area of 64 hectares, nearly one and a half times the size of the world\u2019s smallest country, The Vatican. A 16-kilometre elevated walkway will pass over the centrepiece, a 4.8-hectare wooded area.<\/p>\n

More: A green office building blossoms in Cebu<\/strong><\/a><\/p>\n

A well-executed mixed-use development essentially creates its internal ecosystem, in which each of the various components benefits from its proximity to the others. An upscale shopping centre is more likely to prosper if placed within easy walking distance of luxury condominiums and hotel rooms designed to harbour affluent clientele.<\/p>\n

Thailand analysts say that developers and investors alike are aware which way the wind is blowing.<\/p>\n

\u201cThe benefits of mixed-use development extend far beyond enhancing the social good,\u201d adds Birjmohun. \u201cAll over the globe, mixed-use developments are rising. Changing demographics and an evolving real estate market create demand for high-quality, integrated, and walkable communities. Mixed-use developments add more value to stakeholders. They represent the future of our communities, not just in Bangkok, but everywhere.<\/p>\n

The original version of this article appeared in\u00a0Issue No. 172<\/a>\u00a0of\u00a0PropertyGuru Property Report Magazine<\/a>. Write to our editors at\u00a0propertyreport@propertyguru.com<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Landmark developments along Bangkok\u2019s Rama IV Road are upping the ante for real estate in Thailand\u2019s capital<\/p>\n","protected":false},"author":9,"featured_media":30430,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[87,97],"tags":[638,133],"class_list":["post-30429","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-architecture-interiors","category-magazine","tag-real-estate","tag-thailand","news_country-thailand","news_author-liam-aran-barnes"],"acf":[],"yoast_head":"\nLatest megaprojects set to change the face of Bangkok | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.asiapropertyawards.com\/en\/latest-megaprojects-set-to-change-the-face-of-bangkok\/\" 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