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Bangkok Condominiums – New Riverside Complex

By on Jul 12, 2014 in Property News, Residential, Retail

Siam Piwat, operator of Siam Centre and Siam Discovery Centre, in partnership with Magnolia Quality Development Corporation and Charoen Pokphand Group, the joint owners of leading property projects, is raising the budget for its massive riverside project from Bt35 billion to Bt50 billion, banking on a sharp recovery of the Thai economy.  Iconsiam, the new riverside complex, will establish luxury and mainstream retail buildings as well as a world-class residential condominium in one place. The mixed development is expected to open in 2017 and break even in more than 10 years.

The property aims to be an iconic symbol of national pride for Thailand and represents the largest investment ever made by the private sector in a property endeavour in the country, Chadatip Chutrakul, chief executive officer of Siam Piwat, said yesterday.

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