Thailand’s largest private sector property development called “One Bangkok” will become a new global landmark when its first components open in 2021.
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TCC Assets (Thailand) Co, Ltd and Frasers Centrepoint Limited (FCL) will jointly develop “One Bangkok,” the country’s first and largest fully integrated district based on people-centric principles and a focus on environmental sustainability and smart-city living.
Out of the total land area of 16.7 hectares, the project has a generous allocation of 8 hectares of green and open space to the city center. “Our vision is to create a place that people can love and want to spend time in,” said Mr. Charoen Sirivadhanabhakdi, TCC Group Chairman.
The project will be undertaken with an estimated investment value of approximately US$3.5 billion. It promises to become a new global landmark destination when its first components open in 2021. “The fundamental aim in the planning and design of One Bangkok is to enhance Bangkok’s stature as a key gateway city in Asia,” said Mr. Charoen.
The development project will have a gross floor area of 1.83 million square meters, consisting of five Grade A office towers built to LEED and WELL standards, five luxury and lifestyle hotels, three ultra-luxury residential towers, a comprehensive array of retail offerings within differentiated retail precincts, and a rich variety of civic areas, and art and culture facilities.
An integrated city-within-a-city district, One Bangkok is expected to be completed in 2025.
Mr. Charoen said, “We are honored to be entrusted by the Crown Property Bureau to turn this important plot of land in the heart of the city into a showpiece district.” The land is leased from the Crown Property Bureau and enjoys a prime location right next to Bangkok’s largest central park — Lumphini Park — with direct links to the city’s mass transit systems, as well as easy access to the expressway network.
