• City Realty and Swire Properties Break Ground on Ultra-Luxury Residential Development on Bangkok’s Wireless Road

    29 April 2025

    29 April 2025, Bangkok – City Realty and Swire Properties celebrated the groundbreaking of their ultra-luxury residential development on Wireless Road. This marks a significant milestone for the project following the Environmental Impact Assessment (EIA) approval obtained in the first quarter of 2025 granting permission for construction.

    The groundbreaking ceremony was officiated by Chali Sophonpanich, President of City Realty, Tim Blackburn, Chief Executive of Swire Properties, alongside Casey Au and Thomas Woolsey, Co-Managing Directors of City Dynamic, a joint venture between the two companies.

    Chali Sophonpanich, President of City Realty, said, “The groundbreaking is a major chapter in our shared journey with Swire Properties, combining their global experience in premium residential development with our deep-rooted expertise in Thailand’s real estate market. As one of the last remaining freehold plots on Wireless Road, this development represents an extraordinary opportunity to set a new benchmark for ultra-luxury living in the capital.”

    Tim Blackburn, Chief Executive of Swire Properties, added, “We are delighted to reach this pivotal milestone in our first venture into Bangkok’s property market. By leveraging our expertise in placemaking and collaborating closely with our partner, we share the same vision to create an iconic residential landmark that will elevate Bangkok’s position in the global luxury real estate market.”

    Situated on a 7.9-rai (12,652 sqm) freehold site in the heart of Bangkok’s central business district, the development will feature two distinct high-rise residential towers with 156 units across 52 floors and 239 units across 71 floors respectively. Designed by the internationally acclaimed architects, Foster + Partners, through its local entity F&P (Thailand) Ltd., the towers will offer panoramic views of Lumphini Park and Benjakitti Park. Residents will enjoy meticulously curated wellness and lifestyle amenities while being just steps away from Bangkok’s premier shopping destinations, five-star hotels, international schools, and embassies. The development is expected to be completed in 2029.

    Visit Swire Properties’ website at www.swireproperties.com

    Janice Lam

    Senior Manager, Public Affairs

    Tel: (852) 2844 3060 Email: [email protected]

    More Real Estate
    Retail markets navigate cautiously amid global economic shifts
    [29 April 2025]   Knight Frank’s latest Hong Kong Monthly Report highlights varied property market performance. In March, office rents on Hong Kong Island continued to decline for the third consecutive month, with traditional Grade A offices in Central experiencing a more pronounced drop; the Kowloon office market showed positive activity, contrasting with the quiet market environment [...]
    Hongkong Land Appoints Chief Executive for Iconic Development in Shanghai
    Hongkong Land announced today that Stuart Grant has been appointed Executive Director & Chief Executive, Westbund Central, as of 30 June 2025. Stuart’s appointment is the latest addition to the senior leadership team at Westbund Central, Hongkong Land’s US$8 billion anchor gateway city project in Shanghai. At 1.1 million sq. m., Westbund Central is the largest commercial project [...]
    33 Kennedy Road: A prestigious new landmark
    A timeless home with exceptional investment potential, where modern design meets historic legacy HONG KONG, 9 April 2025 – 33 Kennedy Road, a contemporary architectural icon in the heart of the established residential area of Mid-Levels East, Wanchai District has just been officially unveiled. This high-quality project cuts a sharp yet elegant profile rising majestically from the lush [...]
    Reimagining Tomorrow: Northern Metropolis as Hong Kong’s Game-Changing Frontier
    [Hong Kong 31 March 2025] The Hong Kong Government has announced the Northern Metropolis Development Strategy, a visionary plan to transform the northern part of Hong Kong into a thriving metropolitan area. This initiative aims to enhance the city’s digital presence, improve customer engagement, and create a new economic engine for Hong Kong. The Northern Metropolis should focus on [...]
    What’s Next for Hong Kong’s Office Market: Opportunities for Landlords to Consider Hub-Centric Approach
    CBRE publishes thematic research report: Vertical Urban Ecosystem: Reinvigorating Hong Kong’s Office Buildings. Hong Kong – March 20, 2025 –  New ways of working, more cautious corporate spending and a surge in new office supply are combining to transform Hong Kong’s office landscape. Amid the record-high vacancy rates, landlords should reassess their leasing [...]
    Knight Frank: Hong Kong home prices expected to bottom out
    [28 February 2025] Hong Kong home prices expected to bottom out in early 2025   Knight Frank’s latest Hong Kong Monthly Report highlights varied property market performance. The finance sector in the Hong Kong office market showed optimism, some luxury goods companies were also active with consolidation and upgrading, but the vacancy rate for Grade A office spaces is expected to [...]
    Colliers’ response over the government’s land sale programme
    Regarding the government’s land sale programme for the 2025/2026 fiscal year mentioned in the Budget, Kathy Lee, Head of Research and Retail Consultancy at Colliers Hong Kong, has the following response:  Kathy Lee, Head of Research & Retail Consultancy commented, “In the Budget, the Financial Secretary stated that the government plans to release 11 residential sites,  [...]
    CBRE Comments on HKSAR Government Land Sale Programme
    Regarding the Government’s 2025/26 Land Sale Programme, Hannah Jeong, Head of Valuation & Advisory Services, CBRE Hong Kong: Chester Leung, Senior Director, Valuation and Advisory Services, CBRE Hong Kong: Amongst the eight residential sites for 2025/26, these sites are evenly located across Hong Kong with two in Hong Kong Island, two in Kowloon and four in the New Territories. Many of [...]
    Rare Chung Hom Kok villa complex up for sale
    Prime location in prestigious residential neighbourhood with significant potential for renovation and redevelopment Hong Kong, 19 February 2025 – JLL has been appointed as the Sole Agent by the vendor for the sale of Jade Beach Villa at 3-7 Horizon Drive, Chung Hom Kok (the “Property”). The Property is valued at approximately HKD 1.5 billion. It is currently the only and largest [...]