Posted on September 9, 2015
Renowned for its beautiful temples and recently enriched by the enormous success of the Asiatique night market, the shores of the Chao Phraya river, located in the centre of Bangkok, are becoming once again one of the most prestigious and sought after area for Bangkok property investment.
Legendary district of Bangkok where the French Embassy, the district of Bang Rak and its surrounding areas bordering the Chao Phraya river are also located are once again part of the capital’s most interesting areas in terms of investment. Located near famous financial areas such as Silomand Sukhumvit, the district has been boosted since 2012 by the magnificent Asiatique The Riverfront night market located south of the Saphan Thaksin bridge.
Housing 1,500 shops and 40 restaurants sharing a total area of approximately 80,000m2, and welcoming an average of 40,000 visitors per day, Asiatique has become the largest open-sky shopping mall in South-East Asia. This success is going to continue expanding over the 5 coming years with a business plan of 12.2 billion bahts(around 316 million euros), which will include the establishment of luxury hotels, but also of a new Asiatique, which will be located on the opposite shore of the Chao Phraya river, on Charoen Nakhon avenue.
Bangkok property investment opportunity: IconSiam, the future gigantic complex due for 2017
The success of Asiatique The Riverfront and of its neighbour The River, a stunning high end condominium which has received multipleawards at ceremonies organized by professional real estate agents, are good indicators of the growing interest in the Chao Phraya river.
The area, already having multiple internationally recognized 5-stars hotels such as theShangri-La, the Mandarin Oriental, the Royal Orchid Sheraton, the Millenium Hilton Bangkok and the Peninsula, will also shortly be home to the largest commercial and residential complex in Thailand.
Being built on Charoen Nakhonavenue by a consortium of national giants – Siam Piwat (Siam Center, SiamParagon), Magnolia Quality Development (Magnolias Ratchadamri Boulevard,Magnolias French Country) and Charoen Pokphand (CP, True Corporation, Makro) –the eagerly awaited IconSiam will soon open its doors to visitors in 2017.