Rama IV – The New Landmark For Mixed-Use Mega Projects

Rama IV Road is experiencing a complete transformation that could make the neighborhood one of Bangkok’s premier business and residential spots.

In the past, Rama IV Road was overlooked and oftentimes avoided by real estate developers. Its proximity to Bangkok’s Port and the presence of the expansive Khlong Toei Market, gave the neighborhood a less-gentrified, rough and industrial environment. That is a far cry from the more genteel and popular tree-lined roads of the prime areas such as Silom, Phrom Phong and Ploenchit.

This snub from Bangkok’s leading developers is now a thing of the past. Residential and commercial developers are now focusing on deploying huge financial resources to Rama IV Road developments.

 

Rama IV Road: Bangkok’s Next Central Business District?

 

This is the result of scarcity of sizable developable land plots in Bangkok’s established prime areas; also, partly because Bangkok is expanding and is in need of new office, retail and residential places.

It is estimated that the property sector has invested over THB 185 Billion in four new mixed-use developments between Samyan and the Khlong Toey Intersection.These four projects are Samyan Mitrtown, The PARQ, Dusit Central Park and One Bangkok.

These high levels of investments being pumped into a stretch of road of only 3.5 km is the reason why Rama IV Road is the neighborhood to watch in 2021 and beyond.

The Mega Projects Transforming Rama IV Road

The mixed-use projects redefining the neighborhood and positioning Rama IV Road as a prime business and leisure district:

1. Samyan Mitrtown
Developer: Golden Land Property Development PLC
Completed: 2019
Project Value: THB 8.5 Billion

 

 

Samyan Mitrtown is a newly completed project, located on the Rama IV Road-Phaya Thai Intersection in the Samyan neighborhood. The extensive mixed-use project consists of several commercial, retail and residential units totalling 222,000 square meters of gross floor area. These different offerings include Mitrtown Office Tower, Samyan Mitrtown Mall, Triple Y Hotel and a condominium called the Triple Y Residence.

2. The PARQ
Developer: TCC Group
Completed: 2020
Project Value: THB 20 Billion

 

 

The PARQ is a newly inaugurated project by the TCC Group, and it is conveniently located next to the Khlong Toei Intersection that provides direct road access to the Asoke Business District.

The mixed-use development includes The PARQ Workplace, an impressive A-Grade commercial building totaling 60,000 square meters, and The PARQ Life, a lifestyle mall with a total of 12,000 square meters. The PARQ Life was designed to cater for the complex’s office workers and local community. It will host 60 dining, retail and wellness businesses.

3. Dusit Central Park
Developer: Dusit Thani PLC and Central Pattana PLC
To Be Completed: 2024
Project Value: THB 36.7 Billion

 

 

Dusit Central Park is a mixed-use lifestyle complex led by a joint venture between Dusit Thani and Central Pattana. The project is located on the Silom side of the Rama IV Road, alongside Bangkok’s Lumpini Park giving it a unique and prime location.

The project will consist of a retail complex, office tower, residential condos and 5-star hotel. The highlight of the project will be an impressive “rooftop park” that will complement the natural surroundings of the neighborhood.

4. One Bangkok
Developer: TCC Group
To Be Completed: 2025
Project Value: THB 120 Billion

 

 

One Bangkok is a mega mixed-use project by the TCC Group and it is being developed on a massive 104 rai plot of land (16.7 Hectares). The project is located on the corner of Rama IV Road and the exclusive Wireless Road.

The TCC Group refer to this project as a “fully integrated district” and it will consist of A-Grade office towers, 5 luxury hotels and 3 luxury residences. These commercial buildings will be complemented by art, cultural and lifestyle spaces as well as an expansive green space.

Rama IV Road the next Central Business District?

 

 

While these mega projects are taking the spotlight due to their size and scale, it is important to note that Rama IV Road is also welcoming a range of more “modestly” sized projects. These include the renovation and upgrade of the Queen Sirikit Convention Centre, the modernization and expansion of Benjakitti Park and the modernization of the Samyan neighborhood by Chula Property.

All these large developments promise to transform and propel Rama IV Road to new heights of residential and commercial popularity amongst Bangkok’s residents. In more ways than one, the area’s current development resembles the early beginnings of the now trendy Sukhumvit Road that also started as an “overlooked” peripheral neighborhood.

Some property professionals bullishly predict that Rama IV Road will eventually become a commercial and residential hotspot that will consolidate and form a natural extension to Bangkok’s established Central Business District!

Fresh Property is a Bangkok real estate agency offering consultancy, sales, rental and property management services. If you are a homebuyer or investor feel free to browse our collection of new projects and resale condos.

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The Editorial Team is made up of Property Professionals with years of experience in the Bangkok Property Industry. Articles and reports are drafted using first-hand experience and local expertise!

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