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Thailand’s Richest Man Is Building Bangkok’s Tallest Skyscraper

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Thailand’s Richest Man Is Building Bangkok’s Tallest Skyscraper

By Randy Thanthong-Knight

 

-- Asset World has an aggressive pipeline despite tourism wobbles

-- Comes as the city’s Chao Phraya river undergoes a renaissance

 

Charoen-Sirivadhanabhakdi_bloomberg.jpg

 

BANGKOK • Thailand's richest man wants to set another record. Billionaire Charoen Sirivadhanabhakdi, via his recently listed property unit Asset World Corp, has set his sights on building the nation's tallest skyscraper.

 

Details are scant - no official height has been set and completion is not expected until 2025 - but the tower, at the centre of another US$948 million (S$1.32 billion) project on the banks of Bangkok's Chao Phraya river, is emblematic of Asset World's aggressive growth strategy.

 

“It embodies what our company aims to do -- set new trends and lift the benchmark,” said Asset World’s Chief Executive Officer and Charoen’s daughter, Wallapa Traisorat. The skyscraper will be a “new landmark” and draw more visitors to Thailand, she said.

 

Full story: https://www.bloomberg.com/news/articles/2020-02-26/thailand-s-richest-man-is-building-bangkok-s-tallest-skyscraper

 

-- Bloomberg 2020-02-28

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31 minutes ago, wavodavo said:

Well , with Bangkok sinking it makes since to go UP !!

Exactly what I was thinking with 18 ft piers (can be used for parking the next 15-20 yrs and a ramp up to the 3rd floor parking level) and additional 10 floors of parking. Offices, Condos and Hotel can all be above that. One must build toward the future (ie no basement parking).

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Business opportunity here to open a book odds currently even money the first person to mysteriously fall off it being a Brit 🤔 

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10 minutes ago, NCC1701A said:

Look How Skyscrapers Have Predicted Recession Through History

 

https://www.businessinsider.com/skyscraper-index-skyscrapers-signal-financial-recession-2012-1

 

I have been thinking the same thing recently.  It’s not just skyscrapers either.   Look at the fanciest buildings built in Los Angeles just before the Great Depression.  The Clocktower in Santa Monica and the El Royale apartments across from the Wilshire Country Club just to name 2.

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3 hours ago, wavodavo said:

Well , with Bangkok sinking it makes since to go UP !!

What goes up must come down. 

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7 hours ago, PatOngo said:

I think he has a small penis!

I would happily sacrifice a couple of inches for a couple of billion baht. 

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2 minutes ago, Gweiloman said:

I would happily sacrifice a couple of inches for a couple of billion baht. 

Some things have more value than money. I doubt that Charoen Sirivadhanabhakdi would agree with you, his would probably dissapear altogether.

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14 minutes ago, Gweiloman said:

I would happily sacrifice a couple of inches for a couple of billion baht. 

Would you buy a fire engine red BMW or BENZ?

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9 hours ago, webfact said:

Thailand's richest man wants to set another record.

I thought that title was held by some one else ? 🤔

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The smug smile says it all. . . 

Charoen-Sirivadhanabhakdi_bloomberg.jpg

 

. . . mine is bigger than yours!

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