Old Suan Lum Night Bazaar: Huge centre planned

Old Suan Lum Night Bazaar: Huge centre planned

A perspective of the complete project supplied by the company.
A perspective of the complete project supplied by the company.

One Bangkok on 104 rai of land in downtown Bangkok slated to become largest private sector property development in Thailand with 2021 & 2025 the first & second stage opening dates.

PROPERTY DEVELOPMENT

Old Suan Lum Night Bazaar: Huge centre planned

3/04/2017
Online Reporters

A gigantic property development project named "One Bangkok" will soon rise up on the 104-rai of land that formerly housed the Suan Lum Night Bazaar on the corner of Witthayu and Rama IV roads, across the street from Lumphini Park.

Liquor tycoon Charoen Sirivadhanabhakdi is developing a new mixed-use project on the site.

The development will be a joint venture by two companies owned by Mr Charoen, TCC Assets (Thailand) Co and Frasers Centrepoint Limited (FCL).

LARGEST PRIVATE SECTOR PROPERTY DEVELOPMENT IN THAILAND

According to the company announcement, One Bangkok will be the largest private sector property development project in Thailand.

The project has an estimated investment value of a least 120 billion baht.

It is promoted as a "new global landmark" with the first components to open in 2021.

An aerial view with a model of the One Bangkok project. (Supplied photo)

WHAT WILL BE IN THE DEVELOPMENT?

One Bangkok will comprise office buildings and hotels, both luxury and lifestyle hotels.

A comprehensive array of retail and leisure offerings within differentiated precincts, ultra- luxury residential towers, a rich variety of civic areas as well as art and culture facilities will be included.

Fifty rai of greenery and open space will also be included out of the total land area of 104 rai.

LAND LEASE SECURED FROM CROWN PROPERTY BUREAU IN 2014

TCC Group secured the lease to the land from the Crown Property Bureau in 2014.

The site was home to the old Suan Lum Night Bazaar from 2001 to 2011. The market was shut down after its lease expired.

WILL ENHANCE BANGKOK'S STATURE & HOST HEADQUARTERS FOR MULTINATIONAL COMPANIES

Mr Charoen, chairman of TCC Group and FCL, said the fundamental aim in the planning and design of One Bangkok was to enhance Bangkok’s stature as a key gateway city in Asia.

TCC Assets (Thailand) Co will hold 80.1% and Frasers Property Holdings (Thailand) Co 19.9%. Frasers Property is the international property brand of FCL, a multinational real estate company with more than 605 billion baht in assets.

Panote Sirivadhanabhakdi, group CEO of FCL, said One Bangkok aims to attract top-level local and multinational companies to set up their AEC corporate headquarters in the district as Bangkok’s most prestigious corporate address.

PROJECT TO BE COMPLETE BY 2025

Su Lin Soon, chief executive officer (CEO) of One Bangkok, said all components should be completed by 2025.

One Bangkok’s 1.83 million square metres of gross floor area will comprise five Grade A office towers, five luxury and lifestyle hotels, three ultra-luxury residential towers and a comprehensive array of retail offerings.

More than 60,000 people were expected to work and live at One Bangkok, she said.

http://www.bangkokpost.com/news/general/1226223/huge-centre-planned-for-site-of-old-suan-lum-night-bazaar

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Vocabulary

  • according to (prep): as stated or reported by somebody/something - ตามคำบอกเล่า, ตามรายงาน
  • address (noun): the street name, number, etc. of a particular place, building, home - ชื่อที่อยู่
  • aim: purpose; goal - เป้าหมาย จุดมุ่งหมาย
  • announcement: a spoken or written statement that informs people about something - การประกาศ
  • array: a group or collection of things or people, often one that is large or impressive - การจัดเรียง, ขบวน
  • asset: something owned by a person, company etc., particularly money and property - ทรัพย์สิน
  • attract: to cause someone to be interested in something - ดึงดูดความสนใจ
  • brand: a type of product made by a particular company - ตรา, ยี่ห้อ
  • chairman: the person in charge of a committee, a company, etc - ประธาน
  • chief executive officer (CEO): the person with the highest rank in a company or an organisation - ผู้บริหารสูงสุด, ซีอีโอ (ประธานบริหาร)
  • civic (adj): relating to the people who live in a town or city or the duties and responsibilities that they have as citizens - เกี่ยวกับพลเมือง
  • component: a part which combines with other parts to form something bigger - ส่วนประกอบ,ส่วนเสริม
  • comprehensive: complete and including everything that is necessary - ที่ครอบคลุม
  • comprise: to consist or be made up of two or more things - ประกอบด้วย
  • corporate: involving large companies - บริษัทใหญ่
  • Crown Property Bureau: a Thai government agency responsible for managing the personal wealth of the King of Thailand and his immediate family - สำนักงานทรัพย์สินส่วนพระมหากษัตริย์
  • culture (noun): the customs and beliefs, art, way of life and social organization of a particular country or group - วัฒนธรรม
  • development (noun): the process of creating something new such as a new building (real estate development), a computer program (software development) or new techologies (research & development or R&D) - การพัฒนา
  • differentiate: to see or show a difference between things - แยกแยะระหว่าง
  • enhance (verb): to increase; to further improve the good quality, value or status of someone/something - เสริม ยกระดับ เพิ่มทวี
  • estimated: thought to be a particular amount, size, etc. based on a guess or the best information available - ประมาณการ
  • expect (verb): to think or believe that something will happen or that somebody will do something - คาด, คาดว่า, คาดการณ์
  • expire: to come to an end or stop being in use - หมดอายุ
  • facilities: the buildings, equipment and services provided for a particular purpose - อุปกรณ์, อุปกรณ์อำนวยความสะดวก, สิ่งอำนวยความสะดวก
  • formerly: in earlier times - ก่อนหน้านี้
  • fundamental: central; basic; forming the necessary basis of something - รากฐาน, หลักเบื้องต้น, พื้นฐาน
  • gigantic: extremely large - มหึมา ใหญ่โต
  • global: world - เกี่ยวกับโลก
  • greenery: green plants or branches - พืชผักที่มีสีเขียวสด
  • gross: being the total amount of something before anything is taken away - ทั้งหมด, ยอดรวม
  • headquarters: the place where an organisation or company has its main offices - กองบัญชาการ
  • holding company: a company that is formed to buy shares in other companies which it then controls - บริษัทผู้ถือหุ้นใหญ่หรือเป็นเจ้าของหุ้นใหญ่ในบริษัทอื่น บริษัทที่ถูกจัดตั้ง ขึ้นมาเพื่อซื้อหุ้นของบริษัทอื่น
  • holdings: things or assets or rights that a person or company owns -
  • house: to be the place where something is kept, or where an activity is carried out - บรรจุ
  • investment (noun): the act of investing money in something - การลงทุน
  • key: very important - ที่สำคัญ
  • landmark: a building or place that is easily recognised, especially one which you can use to judge where you are - สถานที่ที่เป็นจุดสังเกต
  • landmark: a major event or achievement that marks an important state in a process and makes progress possible - เหตุการณ์ที่เป็นการแสดงถึงความคืบหน้า
  • lease: a legal agreement in which you pay money in order to use a building, piece of land, vehicle, etc. for a period of time - สัญญาเช่า
  • leisure: relating to activities that you do to relax or enjoy yourself - เกี่ยวกับเวลาว่าง
  • lifestyle: the type of life that you have, for example the type of job or house you have or the type of activity you like doing - วิถีทางการดำเนินชีวิต, ลีลาชีวิต, รูปแบบการดำเนินชีวิต
  • liquor: strong alcoholic drink - สุราที่ได้จากการกลั่น
  • luxury: the best and most expensive of something - ที่หรูหรา 
  • mixed-use project (noun): a real estate or property development with many different commercial uses, such a building with a hotel, shopping mall, restaurants and bars -
  • multinational (noun): a company that operates in many different countries - บรรษัทข้ามชาติ, บริษัทระหว่างประเทศ
  • offering: something that is produced for other people to use, watch, enjoy, etc - ผลิตผล
  • open (adj.): available to everyone (the public) to use - ที่เปิดเผยสู่สาธารณะ
  • prestigious: admired and respected by people - ที่มีชื่อเสียง ที่ได้รับความนับถือ
  • private sector: businesses and industries that are not owned or controlled by the government - ภาคเอกชน
  • project: a planned piece of work that is designed to find information about something, to produce something new, or to improve something - โครงการ
  • promotion: activities done in order to increase the attendance at an event or sales of a product or service - การส่งเสริม
  • property: a building or buildings and the surrounding land - อสังหาริมทรัพย์
  • residential: an area where people live; where there are homes and apartments - เขตที่อยู่อาศัย
  • retail: to sell directly to the public for their own use - ขายปลีก
  • rich: interesting, with a lot of different qualities, experiences or events - อุดมไปด้วย
  • secure (verb): to get or achieve something - ได้มา
  • shut down (verb): close , stop operations of a factory or business - ปิดแน่น, ปิดโรงงาน, หยุดผลิตชั่วคราว
  • site: a place where something is located - สถานที่
  • space: an area or a place that is empty or that can be moved about freely - ที่ว่าง
  • stature: reputation - ชื่อเสียง
  • total: including everything; being the amount or number after everyone or everything is counted or added together - ทั้งหมด
  • tower: a tall narrow building or part of a building, especially of a church or castle - หอสูง,หอคอย,เจดีย์
  • tycoon: a person who has succeeded in business or industry and has become very rich and powerful - นักธุรกิจที่ร่ำรวยและมีอิทธิพลมาก
  • ultra-: extremely - ที่สุด
  • value: how much something is worth in money or other goods for which it can be exchanged - มูลค่า
  • variety (noun): many different types of things or people - ความหลากหลาย
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