Mr Tachaphol
The National Housing Authority (NHA) is moving ahead with plans to develop 100 billion baht worth of housing developments in accordance with the government's 10-year residential strategic plan ending in 2025.
Newly-appointed governor Tachaphol Kanjanakul said one of the key residential projects under the plan will be in the Din Daeng area, where it will develop high-rise residential buildings worth 35 billion baht to replace the old Din Daeng flats.
"The Din Daeng site will be our flagship next year. After the phase-one development plan starts, we will propose a master plan and funding for phases two to four in August of next year," he said.
The NHA last week started construction of a new residential tower with 28 storeys boasting 334 units, which is the first phase of the project.
An artist's rendering of the new 28-storey residential tower, which is being built as the first phase of a housing project to replace old blocks of flats in Din Daeng.
SET-listed contractor Italian-Thai Development Plc was awarded the bidding with construction value of 325 million baht.
The old Din Daeng flats were built in 1963, comprising 64 buildings with a total of 4,144 units. In 1973, the NHA continued development of 30 buildings with a total of 5,098 units.
On this 181-rai plot, the NHA plans to develop 36 buildings with a total of 20,292 units. Of this, 6,546 units will be allocated for existing tenants and the remaining 13,746 will be for new ones.
Phase two will be two buildings, 32-storeys and 35-storeys, with a total of 1,247 units, which will start construction in 2018 and be completed in 2020. Phase three will have three 32-storey buildings and two 35-storey buildings with a total of 3,333 units, to be completed in 2022.
"There will be around 100,000 people living in this project," said Mr Tachaphol.
"The Orange Line, which will run from Thailand Cultural Center to Min Buri, should run to this site to support these people. Otherwise, we will build a walkway to link it to the station," he added.
One of the housing development plans will also include homes for the elderly. The NHA will develop some units at every project to house senior citizens. The pilot site will be on Soi Phra Ngoen in Nonthaburi, which is set to be completed in 2017-18.
The project will comprise eight five-storey buildings with 44 units each sized 32 square metres with a total of 352 units. Of this amount, 10% will be specifically designed for elderly residents.
During the fiscal year which ended on Sept 30, 2016, the NHA reported 7.3 billion baht in revenue, down from 7.66 billion, with a net profit of 572 million baht, rising from 415 million in the same period last year.
The new governor said his vision for the NHA is not just to develop homes, but a happy future for the residents, with plans to help tackle social problems like crime and drugs.
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