Mixed-use projects drive Lat Phrao

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Completion of the skytrain's Sukhumvit Line extension from Kasetsart University to Khu Kot this year should mean increased traffic near Lat Phrao intersection, with developers planning mixed-use projects worth a combined 50 billion baht over the next few years.

Phattarachai Taweewong, associate director of research at property consultant Colliers International Thailand, said areas from Lat Phrao intersection to Chatuchak have Bang Sue Grand Station driving new traffic. The new railway hub is expected to carry more than 100,000 passengers a day.

The ongoing development includes the Mo Chit Complex worth 26 billion baht near the station, scheduled for completion in 2023, housing office and retail space totalling more than 70,500 square metres.

On Phahon Yothin Road opposite the Crime Suppression Division, there is a joint venture between BTS Group Holdings and the Boondicharern family, the former major shareholders of Grand Canal Land Plc. This mixed-use project will comprise office space, retail areas, a hotel and condos worth a combined 20 billion baht.

Near Lat Phrao intersection, Oasis Tower will offer office space worth 3.69 billion baht developed by SET-listed property firm Singha Estate Plc.


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Phattarachai Taweewong

Associate Director

Bangkok

Phattarachai is responsible for collect all property sectors in Bangkok and throughout Thailand.

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