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[ 2017-09-28 ]

4 Bangkok Areas Primed For Future Real Estate Development

4 Bangkok Areas Primed For Future Real Estate Development

The areas of Phetchaburi, Asok, Ratchadaphisek, and Rama IX will likely have a lot of property development in the coming years, according to Knight Frank. These 4 locations are predicted to see big changes with several mega projects planned for these areas of Bangkok.

“The Ratchadaphisek-Rama IX area will emerge as Bangkok’s new central business district. CentralPlaza Grand Rama IX, a mixed-use development, is situated on the corner of Ratchada-Rama IX Road on 73 rai. It will include the 125-storey, 615 metre Super Tower, which is slated to be the tallest building in Thailand. The tower will boast 320,000 sq. metres of space,” says Phanom Kanjanathiemthao, Managing Director of Knight Frank Thailand to The Nation.

CentralPlaza Grand Rama IX also has G Tower, The 9th Towers, Unilever House, and Belle Grand Rama 9 with these buildings combining to make one of Bangkok’s largest mixed-use developments.

The Asok-Phetchaburi intersection is also set for massive development. The area already contains the Singha Complex, a mixed-use complex that has office and retail space along with The Esse, a high-rise condo project. Bangkok’s largest inner-city development, the Makkasan Complex, will also be located nearby. The development will have office buildings, a condo, a hotel, retail space, a conference centre, a hospital, and an international school.

The Makkasan Complex will be situated over 200 rai, 150 of which has been reserved for a public park. The Makkasan Airport Link station will connect Bangkok to the Eastern Economic Corridor with high-speed railway lines to 3 major airports. Don Mueang, Suvarnabhumi and U-tapao will all be reachable from the station.

Meanwhile Ratchadaphisek Road already has the AIA Tower and the new Stock Exchange of Thailand headquarters as well as several more planned and under construction office buildings and residential developments. The Phetachburi-Asok-Ratchada-Rama IX area will likely continue to see new projects being built in the future, according to Knight Frank.

Source: DD Property and Knight Frank Thailand.