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News Release

Bangkok

The Power of One

Maga projects reflect the transforming urban environment in Southeast Asia


​​By Suphin Mechuchep and Andrew Gulbrandson

 

The urban environment is transforming to cater to the changing needs of Southeast Asia's younger generations. This trend is evident with a growing number of mega property development projects in the region that integrate live, work, play and learn elements in a "city-within-a-city."  Coincidentally, three leading mega projects in Southeast Asian cities -- Bangkok, Singapore and Metro Manila -- have 'One' as a part of their name: One Bangkok, Marina One in Singapore, and One Bonifacio in Metro Manila.

 

One Bangkok

 

One Bangkok will be Thailand's first truly integrated district to provide a people-centric, inclusive community that emphasizes environmental sustainability and smart-city living innovations and principles. The district spans more than 100 rai and when completed, it will host a range of retail, office, residential, hospitality, and cultural elements across 1.8 million square metres of space.

 

The USD 3.5 billion project is being developed by TCC Assets (Thailand) and Frasers Property (the international property brand of Frasers Centrepoint Limited from Singapore), both parts of the larger TCC Group led by Charoen Sirivadhanabhakdi.

 

The project includes over 50 rai of greenery and open space, including a landscaped green promenade that is more than 40 metres wide, on both Wireless Road and Rama IV Road, that can be enjoyed as an extension of the city's much-loved Lumpini Park.

 

There is also a landscaped civic plaza of 10,000 square metres at the heart of the district, forming the core of an art and culture loop and a natural venue for international events and Thai festivals. Smart common infrastructure is being planned, including district cooling, fully-centralized security, and energy management systems.

 

As a fully integrated city-within-a-city that will include civic areas, cultural and art spaces and each building will have a distinct identity and positioning. This gives the district a natural diversity in architecture, while retaining a common sense of community and seamless connectivity. More than 60,000 people are expected to work and live in the district on completion. At present, One Bangkok is expected to be Thailand's first district built to LEED ND Platinum standards.

 

With more than 500,000 square metres of premium Grade A office space built to LEED and WELL standards to be delivered through 2025, nearly 200,000 square metres of distinctive retail destinations and ample hospitality products, One Bangkok is positioned to become Thailand's gateway to ASEAN. The project is expected to quickly set new benchmarks and standards in the industry and has the potential to become Bangkok's most sought-after corporate address, attracting a multitude of domestic and multinational firms seeking to support their domestic and regional business operations.

 

Marina One, Singapore

 

Developed by M + S Pte Ltd, a joint venture between Malaysia's investment fund, Khazanah Nasional and Singapore's investment company, Temasek Holdings, Marina One will be the latest urban model to be added to Singapore's new downtown in 2017. Comprising a mix of offices and residential apartments, Marina One will boast of Singapore's only integrated development in the CBD with a biodiversity garden at its core.

 

Aptly named the "Green Heart", the 6,500 square metre bio-diversity garden will stretch from level 1 to level 4 of Marina One, in the common areas, and level 15 and the rooftop of the commercial towers. The Green Heart is conceived by Ingenhoven Architects, and its verdant landscape brought to life by Kathryn Gustafson of Gustafson Porter and Henry Steed of ICN Design International.

 

The "Green Heart" seeks to infuse the elements of rice terrace carved into hillsides, a Cloud Garden and will include a waterfall feature. These thematic areas serve to form an imagery of changing environments and habitats that is akin to one's experience when ascending a mountain.

 

Currently undergoing final touches and is expected to open to the public in 2H17, the Green Heart demonstrates the smooth integration of greenery in the core of Singapore's CBD. As the largest urban green sanctuary within Singapore's CBD, it infuses leisure into a work environment for Marina One's office tenants, residents and visitors.

 

One Bonifacio, Metro Manila

 

One Bonifacio is the latest high-end mixed-use development located in Bonifacio High Street. The 1-km long street is the longest pedestrian mall in the Philippines, at the heart of Bonifacio Global City (BGC). Developed by Fort Bonifacio Development Corporation and Ayala Land Inc. in partnership with the Shangri-La Group, One Bonifacio has an office building with 35,000 sqm of gross floor area. The building enveloped in a 100% glass façade, will house the new headquarters of the Philippine Stock Exchange, along with other top local companies and MNCs.

 

This cements BGC as the next premier CBD, second to Makati in Metro Manila. The project also includes Ayala Land Premier's luxury condominium development, The Suites. There are 298 residential suites ranging from 2-bedroom to 4-bedroom unit types coupled with luxurious amenities.

 

The office and residential developments of Ayala Land Inc. will be complemented by One Bonifacio High Street, a lifestyle mall which will house global fashion brands and an array of new and exciting dining destinations.

 

The hotel development, Shangri-La at the Fort, Manila, is developed by the Shangri-La Group. It comprises 576 guestrooms and suites and extensive dining and banqueting facilities; hotel residences ideal for long-staying guests; 98 spacious and exclusive Horizon Homes' residential units that are available for private ownership; Kerry Sports, a 10,000-sqm of the largest indoor lifestyle and leisure club within the city; and a specially curated retail podium.

 

An 800-meter long and 40-meter wide landscaped central spine interconnects the mixed-use development to the other blocks creating a pedestrian-friendly environment within BGC's City Center.

 

As place-making competition intensifies across the region, investors are clearly adopting one-of-a-kind concepts to set themselves apart. While certain elements such as luxury condominiums are somewhat exclusive in nature, the broader integrated, green, healthy, and inclusive environments these projects will create are certain to elevate quality standards across each market, a win-win for all.

 

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The article was co-written by Suphin Mechuchep and Andrew Gulbrandson, respectively managing director and head of research & consulting at JLL. For more insights, readers can visit www.jll.co.th or www.facebook.com/JLLThailand. ​