Bangkok--29 Mar--Ensign Media
Thai PM on Bangkok Development
In an exclusive interview with Property Report South Eat Asia Magazine, Thai Prime Minister Abhisit Vejjajiva recently identified Bangkok's Rama III area, which he represented when first elected to Parliament, as a potential location for significant development.
Likening the area to London's Canary Wharf, the Thai PM said that the Rama III area benefits from a high volume of undeveloped land close to the river and city centre. Over the years, successive governments have helped create some of the city’s best transport infrastructure, including the iconic new bridge, which opened last year and was blessed by His Majesty. "The opening of the bridges has set a high standard that will inspire other projects around it, said Abhisit. " On Rama III, with the bridges and other infrastructure in place, developers have already begun to circulate ideas for new projects not considered before".
The Prime Minister also raised the possibility that in the coming decades Rama III could undergo a regeneration that may transform its future, turning the area into a successful residential and business district and consequently driving investment, jobs and better housing, as well as creating a new iconic skyline.
"Bangkokians are creative by nature, and so in areas like Rama III there will be no
shortage of bold and imaginative ideas, he said. " The challenge is always to give those diverse ideas both coherence and scale,so that they can become real."
Abhisit also addressed Thailand’s urban and rural development, saying that both sectors should move forward hand in hand. "Each needs the success of the other in order to thrive and both urban and rural areas share the need for the environment to be clean and protected if we are to preserve and improve our quality of life".
For the full interview on Abhisit's vision for Bangkok visit www.property-report.com
Property Report South East Asia is the region’s leading real estate publication and the trusted source for real estate news. It presents up-to-date information and coverage of industry trends and innovations. Each issue incorporates an in-depth Special Report on a business trend and a Market Focus on a real estate hot spot, interviews with leading figures and news stories on villas, land, condominiums, construction, finance, legal issues, interiors and architecture.