The largest development is a THB30 billion (USD931 million) joint venture by Siam Piwat, Magnolia Quality Development Corporation and Charoen Pokphand Group. It will be a mixed-use complex to be built on a 16-acre plot that will house a hotel, residential and retail spaces.
Country Group Development PLC will also establish a THB10 billion (USD310 million) mixed-use Landmark Waterfront property on a 14-acre land comprising 352 condominium units, a 101-unit Capella-branded hotel and a 305-room hotel to be operated by Dubai-based Jumeriah.
Other high-profile riverfront projects include The Peninsula Bangkok in Klong San worth THB5 billion (USD155 million), the Avani-branded hotel by Minor Hotel Group, the 294-unit Menam Residences valued at THB3.3 billion (USD102 million), and Raimon Land’s THB1 billion (USD31 million) project The River Residences, which will launch 92 buy-to-let units in June.
Developers are marketing the properties to affluent locals and expats, especially from China, Hong Kong, Japan, Singapore and the United Kingdom, according to Bangkok Post.