US$3.5b mega project coming up in central Bangkok

The site of the former Suan Lum Night Bazaar in Bangkok’s downtown will soon be home to a mega project that is being jointly developed by TCC Assets (Thailand) and Frasers Centrepoint.

Dubbed One Bangkok, the 16.7ha mixed-use project will be the largest private sector property development initiative ever undertaken in Thailand with an estimated investment value of approximately US$3.5 billion.

Rendering of the new development

One Bangkok has been touted by TCC Group chairman Charoen Sirivadhanabhakdi to be “a global landmark that will enhance Bangkok’s and Thailand’s stature on the world stage” when it opens in 2021 and fully completes by 2025.

The “integrated district” will be home to five office towers built, five luxury hotels, three ultra-luxury residential towers and retail spaces, in addition to civic areas, art and culture facilities, and eight hectares of greenery and open spaces.

The development is located in the heart of Bangkok next to Lumphini Park, with direct linkages to the city’s mass transit systems and easy access to the expressway network. The land is being leased from the Crown Property Bureau.

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