How Southeast Asia’s largest railway station will impact Bangkok real estate
Bang Sue Central Station (Thai: สถานีกลางบางซื่อ Sa-thanee Klang Bang Sue) or Bang Sue Grand Station is to be the new railway hub of Thailand, located in Chatuchak, Bangkok
Of the many infrastructure projects gaining traction in Bangkok, the Bang Sue Grand Central Station will probably be the most impactful.
Bang Sue Central Station (Thai: สถานีกลางบางซื่อ Sa-thanee Klang Bang Sue) or Bang Sue Grand Station is to be the new railway hub of Thailand, located in Chatuchak, Bangkok. It is to replace the currently in use Bangkok Railway Station at Hua Lamphong as the terminus for all long-distance rail services from Bangkok.
The station has been be submitted for Cabinet approval in 2017 and construction begun in 2018.The station will replace the existing Bang Sue Junction Railway Stationand incorporate Bang Sue MRT Station.
It will be the largest railway station in Southeast Asia with 171,000 m2 of total area. The 218-rai (35 hectares) area around the station will be developed as a business and commercial hub, in three zones.
With 26 platforms, the Bang Sue Grand Station is poised to be the largest railway station in the ASEAN region. Replacing the current transport hub at Hua Lamphong, the project will effectively redevelop the existing Bang Sue Junction Railway Station while integrating the Bang Sue MRT Station.
Due for completion in 2020, the under-construction project has triggered an inrush of transit-oriented development activities toward its environs, especially around the Thai capital’s formerly sleepy Taopoon district.
“The expected completion of Bangsue Grand Station and railway systems will affect the demand as consumers migrate to the Taopoon-Bangsue area,” said Marciano Birjmohun, associate director at Knight Frank Thailand.
“The land surrounding the station has been divided in zones which will attract new business and opportunities due to the great potential of future growth.” The consultancy is representing the sale of units at Niche Pride Taopoon-Interchange, a THB3.5 billion project by development firm Sena.
The site sits next to the Taopoon Interchange station, an important rapid transit system hub that connects the MRT Blue and Purple lines. It is also one station from Bangsue Grand Central, putting it at the geographic heart of Bangkok’s mushrooming transportation infrastructure complex.
Currencies
Thai baht becoming the region’s worst-hit currency in COVID pandemic
According to data from its tourism ministry as well as the World Bank, Thailand had only a little over 34,000 tourist arrivals as of May 2021, compared with over 39 million in 2019, before the pandemic. Fewer tourists also means lower demand for the Thai baht.
The Thai baht has been hit by a sharp decline in tourism numbers due to the COVID pandemic, making the country’s currency the worst-hit in the region this year, according to Mizuho Bank.
(more…)
Economics
Asia’s slow rate of vaccination is a thorn in the region’s economic recovery
Southeast Asia has been hit badly. Daily infections for Indonesia, Thailand, Vietnam are at their worst, on a seven-day moving average. The Philippines and Malaysia are not far off their daily infection peaks reached in the second quarter of 2021.
Last week was tough for the Asia-Pacific region. Many countries responded to stubbornly elevated daily infections by extending or tightening social distancing measures.
(more…)
Thai baht becoming the region’s worst-hit currency in COVID pandemic
According to data from its tourism ministry as well as the World Bank, Thailand had only a little over 34,000...
Asia’s slow rate of vaccination is a thorn in the region’s economic recovery
Southeast Asia has been hit badly. Daily infections for Indonesia, Thailand, Vietnam are at their worst, on a seven-day moving...
TAT expects 850 billion baht ($25.7 bln) in tourism revenue after successful reopening
The Tourism Authority of Thailand (TAT) has set this year’s revenue target at 850 billion baht, 300 billion of which...
Download 1xBet mobile and play all over the world
Placing profitable bets or playing in a casino is now possible comfortably even without being tied to a computer. It...
3 ways Asia can recover from the COVID-19 pandemic faster
Countries in the East Asia and Pacific region will benefit from cooperation in three major areas: vaccine deployment, reviving sectors...