Task financial investments of B4bn-plus in overall
Siam Motors Group, owned by the Phornprapha household, prepares to invest more than 4 billion baht to establish a Grade A workplace tower near Siam skytrain station and an 18-hole golf course on Bang Na-Trat Roadway.
President Phornthep Phornprapha stated the group will invest more than 3 billion baht to establish Siam Pathumwan Tower, a brand-new office complex with a building location of 91,901 square metres and a lettable location of 55,000 sq m.
” The primary area will be workplaces with a month-to-month lease of more than 1,000 baht per sq m,” he stated. “We do not require to establish mixed-use jobs, as there are a number of them surrounding the location, such as Siam Apotheosis and MBK.”
The tower will be on Phaya Thai Roadway near Siam and National Arena skytrain stations on a plot of 4-3-60 rai, where the group’s Honda display room was positioned. Building is set up for conclusion in 2023.
Thailand’s Workplace of Bangkok Architects (OBA) and Japanese business Mitsui Sumitomo co-designed the task to make it look like structures in Tokyo’s Roppongi district, Mr Phornthep stated.
” The appearance of our 33-storey tower will be various from others in the area,” he stated. “While the majority of them remain in the Western design with too slim a shape, ours will be broader.”
On Bang Na-Trat Roadway KM22 in Samut Prakan, the group started building and construction this year of Siam Nation Club Bangkok, a brand-new 18-hole golf course on a 560-rai plot behind the group’s Nissan production center.
With a financial investment of 1.1 billion baht omitting land expense, the golf course is set up for conclusion in July 2021.
” The golf course company in the Bang Na-Trat location is robust, as it is close to Bangkok,” Mr Phornthep stated. “This company can enhance the tourist market, which is now under danger of the US-China trade war.”
In 2015 the group’s golf course company, with 3 courses in Pattaya under Siam Nation Club Pattaya, taped flat development with profits of 520 million baht.
Previously this month, the group had a main launch of Siam Nation Club Pattaya Rolling Hills, an 18-hole golf course on 660 rai at Siam Nation Club with a building expense of 750 million baht and a land expense of 1.98 billion baht.
The group hopes advancement of U-tapao airport will draw a a great deal of travelers and executives to play golf in the Pattaya location. It anticipates 190,000 golf players to visit its 4 golf courses by the end of the year, up from a yearly average of 170,000 golf players at 3 courses throughout 2014-19.
” Thailand stays a popular worldwide golf location,” Mr Phornthep stated. “However Vietnam is a brand-new competitor, as its landscapes are more appealing and it has an abundant culture. In 5 years, it will certainly take on us.”
