New players spruce up Chao Phraya waterfront

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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.

Raimon Land’s luxury development The River, now 80% transferred, draws more residents to waterfront lifestyle.Raimon Land’s luxury development The River, now 80% transferred, draws more residents to waterfront lifestyle.

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 nestled 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,” says Simon Dervillé, Deputy Vice President Business Development of Raimon Land, developers of The River condominium in Bangkok.  “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 located 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 have been sold, 80% are transferred leaving just 70 available on the market.

For further information, visit www.raimonland.com.