06 Jul '11, 6am

Bangkok set to get new CBD

THAILAND: Thailand's capital is set to get a luxurious facelift as five major Bangkok businesses are jointly developing a luxury landmark neighbourhood in the heart of the city by 2016. The US$3.3 billion Ploenchit City project will not be built solely for commerce. The intersection of Ploenchit and Wireless Road will be an upscale neighbourhood with a real community feel. Central Retail Corporation, Bank of Ayudhya, Noble Development, Univentures and Swissotel Nai Lert Park are the five partners in the project. Central Embassy, slated to become Bangkok's next shopping landmark, was the starting point for the vision of a multi-faceted destination. Central Embassy managing director Chart Chirathivat said: "We found that we had one thing in common in that we wanted to do a luxury project. "Every other project was a luxury project, whether it was a residential project, or a G...

Full article: http://www.channelnewsasia.com/stories/corporatenews/view...

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