Piling work has begun on what is touted as being the largest private
property development to ever take place in Thailand, and one that will
bring a world-class iconic development to central Bangkok.
Work
on the THB50 billion Iconsiam project, a joint-venture between
developers Siam Piwat, Magnolia Quality Development, and Charoen
Pokphand Group, will spearhead plans to make 10 kilometres of Bangkok’s
riverfront a new global attraction.
The Iconsiam mega-development
will have two hopping complexes, two waterfront residential condominium
buildings, and what the developers describe as a multitude of
world-class attractions that will bring global recognition to Thailand
In
response to strong demand, the developers have already expanded the
planned initial development area by 20 percent to some 20 acres since
the plans were first discussed.
Chadatip Chutrakul, Chief
Executive Officer of Siam Piwat Co, said: “We are creating the most
sensational development that this country has ever seen. It will be the
most compelling, must-see destination of Thailand drawing visitors from
around the world and from around Thailand.
“We are creating a new
national destination that is comprehensive and integrated, like a city,
and one that has a huge role to play in carrying forward the rich
culture of our nation.”
Iconsiam is in a strategic Bangkok
location on a 50-rai (20-acre) plot of land with cultural significance,
and is situated on the Chao Phraya River. It has one of the longest
river frontages in central Bangkok, and is also embraced to the left and
right by water along a distance of more than 400 meters.
Discussing
the residential component of the development, Tipaporn Chearavanont,
Chief Executive Officer of Magnolia Quality Development Corporation,
said: “The Magnolias Waterfront Residences at ICONSIAM are at the
forefront of global residential development design, and will be among
the world’s best residential properties.”
She said the residences
will set new benchmarks in residential development in Thailand in terms
of luxury, global connectivity, services and sustainability with
special attention towards everything that enhances quality of life and
respect for the environment.
She added that each unit is
designed to benefit from natural ventilation as well as draw in the
magnificent view from the site, giving the feeling of a resort home.
Green areas are at around 70 percent of the site, and there are pocket
gardens for a high degree of privacy. Units benefit from air purifiers,
humidity control, and large verandahs that let one enjoy the river and
breathe fresh air.
Completion of the project is scheduled within 2017.
 |
Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
Recent stories you may have missed:
Singapore expresses Iskandar reclamation concerns
Singapore government on track to meet housing promise
Ambassador to open Thailand Property Show
Prime property rents are declining: JLL
