02 Sep 2020
Frasers Property Thailand (FPT) celebrated the success of Samyan Mitrtown, the mixed-use development in the heart of Rama 4 road, on its fifth anniversary. In conjunction with the milestone, the company revealed three winning strategies in developing mixed-use projects that can appeal to the new generation who value food and learning, while emphasising its position as a real estate platform focused on delivering better experiences through thoughtfully designed solutions that serve the needs of key stakeholders.
Mr. Thanapol Sirithanachai, Country Chief Executive Officer, Fraser Property (Thailand) Public Company Limited, said, “Samyan Mitrtown is a pioneering mixed-use project on Rama IV Road birthed from the vision of Mr. Panote Sirivadhanabhakdi, Group Chief Executive Officer of Frasers Property Limited, who have leveraged their experiences in domestic and international real estate development to uplift and transform this part of Rama IV Road into a vibrant new Bangkok business district.”
Over the past five years, Samyan Mitrtown has welcomed over 120 million visitors, with a daily footfall of up to 80,000 people. It has been positively received by tenants, with a high occupancy rate of 98% for retail spaces and 97% for office spaces - 14.8% higher than the average occupancy rate of Grade A office buildings in Bangkok1. In residential, Triple Y Hotel within Samyan Mitrtown maintains an occupancy rate of over 90%, while Triple Y Residence, a long-term leasehold condominium, was 100% sold out in 2022 with resale prices increasing by over 20% to 160,000 Baht per square metre. Additionally, Samyan Mitrtown Hall has hosted over 500 events and conferences across various industries from both public and private sectors.
FPT has prioritised designing and developing spaces that cater to the changing needs and lifestyles of customer groups and users, with an aim of creating positive experiences. Samyan Mitrtown has consistently maintained its position in the mixed-use market and captured the hearts of the new generation with three key success factors:

“Over the past five years, the Samyan Mitrtown has achieved success as a mixed-use development that has won the hearts of the new generation. With a clearly articulated concept blending Samyan community culture with diverse lifestyles, it's open for everyone to learn, socialise, and create new experiences together. It is our vision to create smart and friendly spaces for all, with a dedicated team continuously developing the project, actively shaping and being part of a growing community. We believe that Samyan Mitrtown will continue to be a top mixed-use development in the country development and a friendly space for the new generation whose lifestyles favor food and knowledge, adapting to market challenges and meeting the needs of all user groups, in line with our company's Purpose of ‘Inspiring experiences, creating places for good.’,” Mr. Thanapol concluded.

About Samyan Mitrtown
Launched in 2019, Samyan Mitrtown is a collaboration between Frasers Property (Thailand) Public Company Limited and the Project Management of Chulalongkorn University (PMCU). Nearly 14 rai of land was developed into the first comprehensive mixed-use project in the high-potential area of central Rama IV road, with an investment of over 9 billion Baht. Grade A office space, retail areas, condominiums, a hotel, and event spaces were seamlessly blended with the highlights of the Samyan community, guided by FPT's vision under the "Smart & Friendly" concept. This concept imbues the attributes of intelligence, learning, and friendliness, aligning with Samyan Mitrtown's target audience. Its location near Chulalongkorn University, a centre of learning, combined with the Samyan area's old community atmosphere full of friendship and familiarity, has inspired the creation of the Samyan Mitrtown to cater to people of various lifestyles, including working professionals, residents, and general visitors alike.