Bangkok Land Public Company Limited () is a real estate company in

Thailand Thailand ( ), historically known as Siam () and officially the Kingdom of Thailand, is a country in Southeast Asia, located at the centre of the Indochinese Peninsula, spanning , with a population of almost 70 million. The country is bo ...

. It is best known as the developer of

Muang Thong Thani Muang Thong Thani ( th, เมืองทองธานี 'golden city') is a large real estate development in Pak Kret, a northern suburb city of Bangkok, in Thailand's Nonthaburi Province. It was mainly developed from the late 1980s by the ...

, a large residential development in

Bangkok Bangkok, officially known in Thai language, Thai as Krung Thep Maha Nakhon and colloquially as Krung Thep, is the capital and most populous city of Thailand. The city occupies in the Chao Phraya River delta in central Thailand and has an estima ...

's northern suburb city of

Pak Kret Pak Kret ( th, ปากเกร็ด, ) is a city (''thesaban nakhon'') in Nonthaburi province, Thailand. It lies in the Central Thai plains on the east bank of the lower Chao Phraya River, bordering Bangkok to the east, Mueang Nonthaburi d ...

in Nonthaburi Province. Bangkok Land was founded by Mongkol Kanjanapas of the

Kanjanapas family The Kanjanapas family ( th, กาญจนพาสน์) is a Thai business family of Teochew Chinese origin, belonging to the Huang/Wong ( 黃) clan. It owns businesses in Hong Kong and Thailand, including Stelux Holdings, Bangkok Land and ...

in 1973. Mongkol's son Anant returned from Hong Kong to Thailand and headed the company from 1989, and it enjoyed spectacular growth in the early 1990s amid Thailand's bubble economy, becoming the highest-valued company on the

Stock Exchange of Thailand The Stock Exchange of Thailand ( th, ตลาดหลักทรัพย์แห่งประเทศไทย), or SET, is the only stock exchange in Thailand. Founded on 30 April 1975, it is ASEAN’s 2nd largest after Singapore and the ...

following its listing in 1992. It was then hard hit by the

1997 Asian financial crisis The Asian financial crisis was a period of financial crisis that gripped much of East Asia and Southeast Asia beginning in July 1997 and raised fears of a worldwide economic meltdown due to financial contagion. However, the recovery in 1998–1 ...

, which saw its market value shrinking a hundred-fold from US$5.2 billion to $36 million, but the family was able to hold on to control of the company following restructuring. Bangkok Land was able to return to profitability through

Impact, Muang Thong Thani Impact, Muang Thong Thani ( th, ศูนย์แสดงสินค้าและการประชุม อิมแพ็ค เมืองทองธานี) is a commercial complex consisting of an arena, convention centre and ...

, one of the largest convention and exhibition centres in Southeast Asia, which is managed by subsidiary Impact Exhibition Management Co., Ltd. It exited debt restructuring in 2012.

References

Real estate companies of Thailand Companies listed on the Stock Exchange of Thailand Real estate companies established in 1973 1973 establishments in Thailand {{Thailand-company-stub