"City Realty," one of Thailand's leading real estate developers, is behind the success of significant landmarks in Bangkok, including EmDistrict, Chatrium Hotel, Shrewsbury International School, and many more, under the leadership of the "Soponpanit family," founders of Bangkok Bank, the bank with the largest assets in Thailand. For over 35 years, City Realty has focused on developing long-term projects with a clear vision that have significantly transformed and elevated various neighborhoods.
 

One of the key cities with potential driving growth through real estate projects and important landmarks plays a crucial role in the economy and community. From the Phrom Phong area and EmDistrict, a hub for economy and lifestyle that began with Emporium, to the Real CBD of Sathorn, filled with office buildings and a new business center, including Sathorn City Tower, Asia Centre, as well as high-end residences like Chatrium Sathorn and Bangkok Garden, along with the riverside area that is complete with Chatrium Riverside Hotel and Residences and Shrewsbury International School, all reflect the forward-thinking vision of the Thai real estate development company, City Realty.



From Vision to Landmark Projects in Bangkok, City Realty was established in 1987 as one of Thailand's leading real estate developers, primarily owned by the Soponpanit family. With a solid foundation and in-depth experience in the real estate market, City Realty continues to present quality projects that elevate the standards of the real estate industry in Thailand, transforming urban living experiences and integrating strategic development concepts to continuously develop neighborhoods and communities.



Under the leadership of Mr. Chali Soponpanit, City Realty has developed premium projects both domestically and internationally for over 35 years, with the company having a shareholders’ equity of approximately 40 billion baht. The company's success stems from the integration of innovation with strategic partnerships with global partners, such as The Mall Group in the EmDistrict project and ESR in the data center and logistics business. City Realty has built a reputation in the real estate development industry through its ability to deliver quality projects and continuously build trust. Additionally, investments across all business segments of the company continue to grow robustly, particularly the collaboration with ESR in the data center and logistics business, which has already invested over 500 million USD (approximately 16.8 billion baht) in the past two years from an investment target of 1 billion USD (approximately 33.6 billion baht). With market conditions supporting this joint venture, there is potential for increased investment in the future.



The confidence and trust in City Realty for developing various mega-projects stem from the company's core values, which are the foundation of each project's success. The meticulous site selection process ensures high-potential locations equipped with robust infrastructure and good connectivity, combined with a long-term investment approach aimed at creating benefits for the community and sustainably passing on value from generation to generation.

 

EmDistrict: A New Definition of Luxury and Innovation

EmDistrict clearly reflects the core values of City Realty. This large-scale project on Sukhumvit Road stems from a long-term vision for integrated urban development. The ‘Emporium’ is considered one of the first mixed-use projects in Thailand and the first to be directly connected to the BTS station, demonstrating the company's commitment to public transportation from the outset. EmDistrict has transformed the Phrom Phong area by integrating luxury residential living, world-class retail shopping, and superior entertainment experiences, including Emporium, EmQuartier, Emsphere, and Emporium Suites by Chatrium, making it a leading destination for shopping, business, and lifestyle in Bangkok.

EmDistrict is the result of a strategic partnership with The Mall Group that has lasted over 30 years, with a total area of over 650,000 square meters, including approximately 225,000 square meters of retail space valued at over 45 billion baht, not including the value of hotels and office buildings, which will further enhance the overall project value. The recently launched Emsphere has an average of 150,000 to 200,000 customers per day within the first month, making EmDistrict a truly valuable mixed-use project. This success reflects City Realty's potential to create visionary partnerships that grow together in the long term.


The Riverside: A Legacy of Sustainable Riverside Development The riverside area reflects a high-end lifestyle surrounded by lifestyle landmarks in a location rich in historical value. Key projects in this area include Chatrium Riverside, a five-star riverside hotel with retail space, and Shrewsbury International School Bangkok Riverside Campus, which accommodates up to 2,330 students. These projects play a crucial role in redefining the riverside area and creating a sustainable legacy that will shape the future of the city. Additionally, Shrewsbury International School recently celebrated its 20th anniversary, marking a significant step in establishing Bangkok as one of the world's international education destinations. The school continues to develop its curriculum to meet future demands and has launched a bilingual curriculum, the Chinese Hanqing Bilingual Pathway, at its city campus.

The growth of the riverside area is also reflected in the significantly increased land value, from an average land price of about 80,000 baht per square wah before the development of these projects, now rising to approximately 1.2 million baht per square wah, or an increase of over 1,400%, reinforcing the potential of the Chao Phraya riverside area, which continues to show strong growth trends and increasing popularity.

 

Sathorn: A Business, Residential, and Educational Hub

The Sathorn area reflects the concept of systematically and comprehensively developing the city into an ecosystem by integrating premium office spaces, quality residential projects, and leading educational institutions. With convenient connectivity in terms of transportation and infrastructure, this area meets the needs of workers, families, and various businesses, allowing for a perfect balance between work and life. Key projects by City Realty in this area include Asia Centre, an A-grade office building, Sathorn City Tower, a premium office building in the heart of Sathorn, Chatrium Residences Sathorn, one of the best serviced apartments in Bangkok, Bangkok Garden Residence, another quality project that serves as an oasis in the city, and Aster International School Bangkok, which commenced operations in 2022.

Over the years, the Sathorn area has experienced rapid growth. Before City Realty began developing projects in Sathorn over 35 years ago, the average land price was around 80,000 baht per square wah, but now it has surged to about 1.5 million baht per square wah, an increase of over 1,875%, reflecting the rising demand and long-term potential of the area.

City Realty Adapts Strongly with Proactive Strategies

City Realty demonstrates its ability to cope with changes in the real estate market robustly through a proactive approach driven by data, deep market understanding, industry trend analysis, alongside closely addressing the needs of buyers, tenants, and investors to formulate real estate development and investment strategies that are ready to adapt to changes. Sustainability and smart design are at the heart of every project, with the company adhering to responsible development principles through the use of smart technologies, energy-efficient systems, and environmentally friendly solutions to meet the needs of modern living and working, while also adding long-term value to properties.

Mr. Chali Soponpanit, Managing Director of City Realty Co., Ltd., has played a crucial role since the company's inception over 30 years ago. To this day, Mr. Chali remains closely involved in every detail of the business. The management team and employees speak of his simplicity, work ethic, and attention to detail. With Mr. Chali's philosophy focused on developing personnel alongside fostering organizational growth, the City Realty team has worked with the company for a long time while also building strong and sustainable business partnerships through a shared success approach.

Joining Forces with a Hong Kong Real Estate Giant to Enter the Ultra-Luxury Residential Market

From Mr. Chali's visionary leadership, City Realty continues to build on its success, announcing a historic partnership with Swire Properties, a leading real estate developer in the Asia-Pacific region founded in 1972 and part of the “Swire Group,” which has a history of over 200 years and owns legendary projects worldwide. Recently, they announced the establishment of a joint venture, City Dynamic. This collaboration with Swire Properties will combine the expertise and experience of both companies to develop ultra-luxury residential projects in Thailand.

City Dynamic is set to transform the ultra-luxury residential and real estate investment market with its first project on a rare freehold land of 8 rai on Witthayu Road in the heart of Bangkok. This project will consist of two uniquely designed residential buildings with world-class amenities and views of Lumpini Park and Benjakitti Park. This project will set a new standard for living and drive investment potential in Southeast Asia, propelling Bangkok onto the global real estate stage.

“We are very pleased to partner with Swire Properties to develop ultra-luxury residential projects on Witthayu Road. This collaboration combines the expertise of both parties to create residences in the most valuable locations in Thailand. We aim to deliver the ultimate living experience to be passed down from generation to generation and to serve as a model for developing new landmarks in the future,” said Mr. Chali Soponpanit.

City Realty's past achievements are a testament to the vision of a leader who looks towards the future to create valuable and sustainable developments in the most high-potential areas, while also driving the sustainable growth of Thailand's cities.