Bangkok set for $14bn redevelopment spree led by top conglomerates

TCC, Central Group back projects to make Thai capital a bigger destination

Forestias, a large development in Samut Prakan just outside Bangkok, will offer retail, residential and hotel space. (Image courtesy of Foster + Partners)

KENYA AKAMA and TAKESHI HASHIMOTO, Nikkei staff writers

September 15, 2023 07:10 JST

BANGKOK/TOKYO -- Bangkok is poised for a wave of renewal projects totaling more than 500 billion baht ($14 billion) and backed by some of the country's top conglomerates, aiming to transform the Thai capital into a destination rivaling Singapore.

A mammoth development is under way on prime real estate across from Lumpini Park in central Bangkok, led by conglomerate TCC Group. One Bangkok will be among the biggest private-sector projects in the country at 120 billion baht.