Rama IV becoming ‘new landmark’ for mixed-use developments

Rama IV Road is transforming into a new landmark area of Bangkok as it increasingly becomes the location of mixed-used developments combining luxury hotels, retail outlets, offices and condominiums. According to a survey conducted by The Nation early this week, Rama IV Road from Lumpini Park to Klong Toei is witnessing an aggressive level of investment to develop both residential and commercial buildings in the area.

 

There are some mixed-use projects to be developed within the area. For example, a mixed-use project worth Bt120 billion on a 104-rai (16.6-hectare) plot at the Armed Forces Academy’s Preparatory School on Rama IV. The development master plan was just announced, the project will include a luxury hotel, a “green office” concept, a condominium, and retail outlets. Another project of 35-rai plot in the Thepprathan community in Klong Toei near Queen Sirikit National Convention Centre from the Crown Property Bureau. It plans to develop a mixed-used project including a hotel, retail outlets and office buildings with an investment worth more than Bt50 billion. It is believed that these projects together to create a new era for Rama IV to be the new landmark of Bangkok by 2025.

 

Other condominium projects launched in the area since the beginning of 2014, and worth more than Bt50 billion in total, include the Condolette Pixel by Pruksa Real Estate, The Portrail Rama IV-Sukhumvit 38 by Krung Thai Land Development, The Room Rama IV by Land & Houses, the Aspire Rama IV by AP (Thailand), and Ananda Development’s Bt6.5-billion Ideo Q. Rama IV Road was a new destination for commercial and residential development, with three major plots of land starting to be developed and projects due for completion between this year and 2025. When all of the new investment is complete, Rama IV will be a commercial and residential landmark in Bangkok.

 

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