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 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 estim ...

's city centre set aside as its endowment by its founder, King

Vajiravudh Vajiravudh (1 January 188126 November 1925) was the sixth Monarchy of Thailand, king of Siam from the Chakri dynasty, titled Rama VI. He reigned from 1910 until his death in 1925. King Vajiravudh is best known for his efforts to create and pro ...

. PMCU manages neighbourhoods and commercial areas including

Siam Square Siam Square (, ) 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, managed by its Property Management Of ...

Sam Yan Sam Yan (, ) 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 with Bang Rak. The neighb ...

and Suan Luang (on

Banthat Thong Road file:Banthat Thong Road.jpg, Banthat Thong Road in the area of Saphan Lueang at dawn Banthat Thong Road (, ) is a street in Bangkok. It runs from its junction with Rama IV Road at Saphan Lueang Intersection, through Pathum Wan District, Pathum Wa ...

), as well as land leased to shopping malls and commercial developments such as MBK Center, Chamchuri Square and Samyan Mitrtown.

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