Country Group Development PCL (CGD) gears up creating the next phenomenon with a new mixed-use development on 23 rai of land in the heart of Rama III. This follows on the huge success of the Chao Phraya Estate, a grand mixed-use project at Chao Phraya River. The new 14.2 billion baht development will include a premium international school and luxury condominium that offers world-class academic and co-curricular programs. The first phase of construction has now commenced on the international school and is expected to be ready for operations in the 2025 academic year. 

Mr. Ben Taechaubol, Chief Executive Officer of Country Group Development PCL (CGD), said that following the high success of the Chao Phraya Estate, a 32 billion baht mega mixed-use project on the bank of the Chao Phraya River consisting of the Four Seasons Private Residences Bangkok, Capella Bangkok and Four Seasons Hotel Bangkok at Chao Phraya River, CGD launches the construction of its Rama III international school which is part of a 14.2 billion baht mixed-use development consisting of a premium international school and luxury residences.

“We are very proud to have partnered with several global leading hospitality brands for the Chao Phraya Estate which immediately transformed into an iconic hospitality destination for Bangkok. Today, we are ready to create a similar vision but for the Bangkok premium international school market” said Mr. Ben.

Mr. Ben added the foundation stone laying ceremony took place on 19 May 2023 to mark the commencement of construction of the school which comprise of 6 buildings and can accommodate up to 1,700 students. It plans to open the classes for children aged 2-18 years, or from pre-kindergarten to high schools, with strong academic programs at all grade levels along with robust co-curricular offerings that prepare students for acceptance and success in top-tier American colleges and universities with special emphasis on a strong Mandarin language program. Presently, CGD is considering finalists for the school operator and school brand which will be announced shortly.

Rama III is a strategic location as it has several routes to easily access other prime areas and central business districts in Silom-Sathorn, Asoke-Sukhumvit and the Chao Phraya River. It is near the express way and the Industrial Ring bridge which connects to Samut Prakarn province. With unique expertise in developing mixed use projects with distinct character and purpose, CGD’s new project is well-positioned to complement this high-end residential address and further rejuvenate the Rama III area.

“Education is a sector that CGD is deeply passionate about. Our international school on Rama III is the second foray into this sector with the first, the Oxford International College Brighton located in Brighton on 20.2 acres slated for commencement in Summer 2023. Earlier, we have entered into an agreement with Nord Anglia Education, one of the world’s largest leading premium international school organizations, to operate Oxford International College Brighton, the UK’s top ranked Sixth Form School, on our Ovingdean Hall, Greenways Brighton property. We continue to be commitment to delivering world-class projects and partnerships as is exemplified by the launch of this Rama III international school which is our first international school development in Thailand and our flagship education investment” said Mr. Ben.

Currently, Thailand has high demand for international schools among different target groups, including 1. Thai parents who prefer their children to obtain high-quality courses and have a good environment to support their children’s development 2. Expats, especially Chinese people who move their family to live in Thailand and 3. Those who come from Cambodia, Laos, Myanmar and Vietnam (CLMV). It becomes a more popular trend in CLMV to send their children to study in Thailand thanks to the standard, the good environment and lower expenses and cost of living. The business of international schools in Thailand has an average growth of 10% per year. The company believes that the development of Rama III international school will create the strong recurring income to it in the future. The school is set to open in August 2025.

Meanwhile, the company states that plan for the adjacent condominium are under development and it expects to disclose further details and kick off the pre-sales in Q4/2023.