18 May 2017
Bangkok, April 02, 2014 – The Bangkok property scene is buzzing anew as developers snap up land on both banks of the Chao Phraya River, as revealed by leading property developer Raimon Land. The unrelenting pace of urbanization in Bangkok has led to a surge in demand for prime waterfront locations for residential, commercial and hotel projects, transforming specific riverside areas into genuine five-star neighbourhoods.
The Chao Phraya’s riverfront – especially along Charoen Krung and Charoen Nakhon roads – is where history and modernity meet. In fact, Charoen Krung is Bangkok’s oldest road which runs roughly parallel to the Chao Phraya itself. First built in 1862 under King Rama IV, Charoen Krung was designed in response to requests from diplomats of the time, who sought the refreshing river breeze and required a street suitable for horses and carriages. Today, the Charoen Krung neighborhood is the site of many top-notch hotels and stretches to one of the city’s successful open-air malls, Asiatique. Its meteoric rise as a major shopping and entertainment landmark has triggered the development of a second Asiatique project on the ‘West (Thonburi) side’ of the Chao Phraya river – complete with an ambitious cable car system that would eventually connect the two.
Joining Asiatique along the river’s path is a wave of exciting ventures. On the ‘West side’, a new mixed-use megaproject nested on 40 rai of freehold land, will soon rise next to the Millennium Hilton, co-developed by Siam Piwat (a name behind luxury retail giant Siam Paragon), and Magnolia Quality Development (property arm of CP Group). Right beside The Peninsula Bangkok, the world's first Peninsula branded residences are also said to be on the drawing board. And adjacent to the Anantara Riverside Hotel will emerge the first Avani hotel in Thailand, to be built by the Minor Hotel Group.
On the ‘East (Bangkok) side’ of the river, listed developer The Country Group has just announced plans for its flagship property, Landmark Waterfront, next to Chatrium Hotel. This ambitious development would comprise several projects: The Capella Bangkok - featuring a luxury hotel, a residential tower and a series of waterfront villas - plus the 5-star Jumeirah Hotel and Residences, to be launched by the award-winning Dubai-based hotel chain. It is being joined by the Menam Riverside Compound, one of the first anchor developments in the area.
“We are in very good company,” said Mr. Simon Dervillé, Raimon Land Deputy Vice President, Business Development. “With fantastic new developments in the offing, waterfront living has really taken off in Bangkok. As people are realizing the uniqueness and intrinsic value of the Chao Phraya, commercial developers are investing heavily in substantial projects that will enhance not just lifestyle, but also convenience. The River is in the most time-honoured neighbourhood, among the most distinguished hotels in the world and historical embassy compounds.” With just a few units left, The River comprises two towers that stand 71 and 41 storeys tall.
Chic hotel brand, 'klapsons' that started in Singapore will launch its first serviced residences at The River together with Raimon Land. klapsons The River Residences Bangkok will operate 92 units from the 23rd to the 31st floors of the North Tower, offering its residents refined luxury and quintessential service.
The River’s premises also include Vue, a boutique fusion mall that completes the waterfront lifestyle with an outstanding mix of select neighborhood stores and services, like a supermarket, coffee shops, banks, etc. Both The River and Vue are complemented by open spaces and lush greenery to go along with the riverside atmosphere, creating a lively yet serene atmosphere for all residents.
So far, 90% of The River’s 838 units has been sold, 80% are transferred leaving just 70 available on the market. For further information, please call 02-651-9600 or visit www.raimonland.com
About Raimon Land
Listed on the Stock Exchange of Thailand (SET), Raimon Land Public Company Limited (RML) specializes in the development of residential real estate projects in the ‘high-end’ segment. Since 2003, the company has completed nine properties in Thailand, including the iconic The River in Bangkok. Four projects are currently under development – 185 Rajadamri and The Lofts Ekkamai in Bangkok; Zire Wongamat and Unixx South Pattaya in Pattaya - representing a combined sales value of Baht 17.45 billion (USD 554 million). Over the years, Raimon Land has received numerous awards for its ability to deliver high quality residential properties on time and within budget.