Eastern Bangkok’s Bangna neighborhood, has traditionally been perceived as a peripheral and industrial neighborhood.
However, it is gradually shedding its “gritty” image and transforming into what some property professionals are dubbing the “Extended Business District”!
Bangna’s gradual rise to prominence, can in large part be attributed to its strategic geographic location as Bangkok’s gateway to the Eastern Economic Corridor (EEC). Bangna is well connected to the industrial parks of the Eastern Seaboard and hosts a number of logistics companies and distribution hubs. Making it Thailand’s prime industrial hub and an important thoroughfare for the country’s imports and exports.
Since 2017, Bangna has been gradually transitioning from a neighborhood with an industrial function, into an appealing lifestyle and residential area!
Better Mass Transit Coverage and Travel Convenience
Bangna was previously only served by the BTS Green Line (BTS Bangna Station) however the area is in the process of welcoming numerous transport links. This will inevitably bring greater connectivity and convenience to the district.
MRT Yellow Line (Lat Phrao-Samrong)
Part of the MRT Extension network, the new Yellow Line is currently under construction and is due to complete in 2021. The ambitious 30.4 Km Line will offer Bangna residents a way to easily connect from BTS Samrong to Lat Phrao in North Bangkok.
Light Rail Bangna-Suvarnabhumi Line
Currently under study and part of the MRT Master Plan, this light rail project could connect BTS Bangna to Suvarnabhumi. The 18.5 Km Line will run along Bang Na-Trat Road with a total of 14 stations.
Relocation of Eastern Bus Terminal
Plans are currently underway to relocate the Eastern Bus Terminal, currently located in Sukhumvit’s Ekkamai to the Bangna area. The Terminal is currently the main bus and minivan station linking Bangkok to Thailand’s Eastern Provinces such as Trat, Rayong, Sa Kaeo, Chanthaburi, Chonburi, and Pattaya.
Bangna’s Commercial Boom & Lifestyle Transformation
According to The Nation Newspaper, property developers will be investing a total of 227 Billion Baht into new commercial and residential projects over 2017 to 2026. These projects will aim to service the existing residential community as well as develop the lifestyle offerings of the neighborhood.
These projects by some of Thailand’s most established developers include a mix of retail, leisure, office and residential developments. These commercial projects have the potential to reshape Bangna urbanscape and residential environment!
To review a few of these ambitious mixed-use, office, retail and leisure projects:
The Bangkok Mall
Developed by The Mall Group this massive mixed-use mega project will be developed over an impressive 100 rai of land. The project will comprise of 650,000 meters of space with a shopping complex, exhibition center, residential towers and serviced apartments.
The Forestias is a project by Magnolia Quality Development Corporation (MQDC) this 90 Billion Baht mixed-used development will be span over 300 rai and comprise of 600,000 square meters of development area. The project will include a luxury hotel, commercial and residential space.
SF Development Co., Ltd. the developers of Mega Bangna Mall are planning an extensive expansion to their original complex. The developer is investing 67 Billion Baht into the extension that will include an office and residential buildings, a hotel and hospital.
Siam Premium Outlets Bangkok
Is a project by Siam Piwat Co., Ltd. the developers of the iconic Siam Paragon and Simon Premium Outlet an international real estate developer. The retail and leisure venue, will aim to offer a premium shopping experience, showcasing a huge selection of international brands.
Central Village by the Central Pattana PLC is also a retail and leisure complex aiming to offer a “Bangkok Luxury Outlet” shopping and leisure experience. The complex offers a total of 130 internationally renowned brands in different shopping categories such as fashion, housewares and home furnishings, cosmetics, and children’s toys.
Bangna Lifestyle and Residential Options
The infrastructure and expansive developments will inevitably continue to transform Bangna into an important transport, business and residential hub. However, it is important to note that the neighborhood currently host an established and well-integrated residential community!
The area currently hosts some of the most prestigious International Schools in the Capital notably Bangkok Pattana School, Berkeley International School, Thai-Singapore International School, Concordian International School, St. Andrews International School and many others.
This makes the area appealing to young families and as a result there are numerous well-established housing and townhouse developments in the neighborhood. This includes high-priced housing compounds such as Blue Lagoon, Lakeside Villa, Krisada Nakorn and Baan Issara.
If Bangna continues its development and urban transformation trajectory, it is likely to gradually start appealing to young working professionals that usually populate the Central Business District. In anticipation of this trend, several established condominium developers have flocked to the area such as SET Listed Ananda Development, Origin Property and All Inspire Development!
Source: Fresh Property