Greenery Calls To Buyers In Ploenchit-Chidlom

Central Bangkok’s Ploenchit-Chidlom area has recently become the hotspot for the buyers looking for a luxury lifestyle and a greener style of architecture. The district has seen an increase of high-end green buildings, with new condos, offices and hotel in Ploenchit featuring more environmentally-conscious design aspects popping up in the area; completed/to be completed this year, or the within the next two or three years.

According to a survey done by local news outlets, green projects in the area have received over Bt 100 billion since 2013, which has altered the area and made it into the Thai capital’s hub of high-end green architecture and living, with a considerable number of the new developments in the area having been designed  with the Leadership in Energy and Environment Design (LEED) concept in mind, and also having certification from the US Green Building Council.

An example is the 98 Wireless luxury condo by Sansiri, which was designed under the LEED Silver certificate, the first condo in Thailand that has attempted to receive such certification.

The Ploenchit-Chidlom area, however, has also recorded the highest land prices in Bangkok, with a deal in 2015 clocking in the area’s highest land price: the sale of a Chidlom plot to SC Asset Corp, which was priced at Bt1.9M/wah2. The plot is now home to a Bt8B luxury condo development, the 28 Chidlom, scheduled for completion sometime during 2019.

However, the bidding for a new project in the area looks set to beat that record. The bidding is not for a hotel in Ploenchit, but for the land of the UK Embassy in the area, currently sitting on Wireless Road, with pricing estimates clocking in at Bt2M/wah2 at minimum. According to Collier International Thailand, the property agency in charge of the plot, there will be announcements on the final deal as soon as the terms are agreed to.

Another major development in the area include the Langsuan Village, priced at about Bt26 B, made up of condos, serviced apartments, retail outlets and hotels.  This development also hosts three condo development projects in the same location, the Sindhorn Residence, Park View Residences and Park View Ton Son. The location also holds the Central Embassy mall, and the Central Park Hyatt Hotel, among other luxury projects and buildings.

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