The Office of Property Management, Chulalongkorn University, branded as PMCU, is an administrative department of the university, responsible for managing its real estate portfolio, which include areas in

Bangkok Bangkok, officially known in 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 estimated populati ...

's city centre set aside as its endowment by its founder, King Vajiravudh. PMCU manages neighbourhoods and commercial areas including

Siam Square Siam Square ( th, สยามสแควร์, ) is a shopping and entertainment area in the Siam area of Bangkok, Thailand. The square is located at the corner of Phayathai Road and Rama I Road and is owned by Chulalongkorn University, mana ...

Sam Yan Sam Yan ( th, สามย่าน, ) is the name of an intersection and its nearby neighbourhood in Bangkok, Thailand. It connects Rama IV Road with Phaya Thai and Si Phraya roads, and is located within Pathum Wan District, next to its border ...

and Suan Luang (on

Banthat Thong Road Banthat Thong Road in the area of Saphan Lueang at dawn Banthat Thong Road ( th, ถนนบรรทัดทอง, ) is a street in Bangkok. It runs from its junction with Rama IV Road at Saphan Lueang Intersection, through Pathum Wan and Ra ...

), as well as land leased to shopping malls and commercial developments such as

MBK Center MBK Center, also known as Mahboonkrong ( th, มาบุญครอง; , ), is a large shopping mall in Bangkok, Thailand. At eight storeys, the center contains around 2,000 shops, restaurants and service outlets. In 2009, MBK Center manage ...

Chamchuri Square Chamchuri Square is a high-rise building complex located in Bangkok, Thailand. It consists of a commercial office tower, a residential tower and a podium housing a shopping mall which connects the two. Owned by Chulalongkorn University, construc ...

and

Samyan Mitrtown Samyan Mitrtown ( th, สามย่านมิตรทาวน์) is a mixed-use shopping, office, residential and leisure development located in Bangkok, Thailand. With a gross floor area of , the ฿9 billion complex comprises Samyan Mitr ...

History

The university began commercial real estate development in 1963, with the Suan Luang and

neighbourhoods surrounding the university. The development of

into a retail area followed in 1964. The precursor to PMCU was established as a bureau in 1968, and it was reorganised as an administratively independent department in 1973. In the 2010s, PMCU undertook extensive re-development of the Suan Luang and Sam Yan areas, prompting criticism of gentrification at the expense of old neighbourhoods and cultural sites.

References

Chulalongkorn University University departments in Thailand Real estate companies of Thailand {{Thailand-stub