Spotlights Petchburi-Asoke-Ratchada-Rama 9 as Future Development Hotspot

     Mr. Phanom Kanjanathiemthao, Managing Director, Knight Frank Thailand Co., Ltd., remarked that the future of the Petchburi-Asoke-Ratchada-Rama 9 area will see a large change from the many mega-projects in the area. First off, the Ratchada-Rama 9 area will emerge as Bangkok’s new CBD. The Grand Rama 9 Square, which is a mixed-use development, is situated on the corner of Ratchada-Rama 1 Road on 73 rai of land. It will include the 125-storey or 615 metre Super Tower, which is slated to be the tallest building in Thailand. It will have a total of 320,000 square metres in space. In addition to Grand Rama 9 Square, the project encompasses G Tower, The 9th Towers, Unilever House, Belle Grand Rama 9 and Central Plaza Grand Rama 9 — making it one of Bangkok’s huge mixed-used developments.

Meanwhile, the Asoke-Petchburi intersection houses the Singha Complex, also a huge mixed-use complex with office space, shops and retail areas of 120,000 square metres as well as a residential condominium, The Esse, which commands the average price of 275,000 baht per square metre. In addition, the Airport Link station area will witness Bangkok’s largest inner city development in the future: Makkasan Complex, which sits on over 300 rai of land. Its commercial aspect includes offices, a condominium, 3 to 5 star hotel, retail spaces, a conference centre, a hospital, an international school and a railway museum. This will cover around 50 rai, with 150 rai slated for a public park. The Airport Link station has also been designated as the gateway for the EEC or Eastern Economic Corridor as it will serve as the link connecting high speed raiway lines  to three airports: Don Muang, Suvarnabhumi and U-Tapao.

Moreover, the area across from Makkasan Complex will house the Expressway Authority of Thailand’s new offices; Ratchadapisek Road serves as home to AIA Tower and the new Stock Exchange of Thailand (SET) headquarters; and the Ratchada-Rama 9-Asoke-Din Daeng area contains more office and residential complexes. The Petchburi-Asoke-Ratchada-Rama 9 area is thus an area worth watching for the future in terms of its commercial and residential developments. As it is near Sukhumvit, it is served by the MRT subway and many large developments. The price of residential units in many of the area’s projects are over 200,000 baht per square metre; these include Q Asoke, The Esse at Singha Complex, and Ashton Asoke-Rama 9 (located on the corner of Asoke-Din Daeng Road), among others.

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