Located in Trok Tuek Din on Dinso Road, near the Giant Swing and Wat Suthat Thepwararam, Baan Phra Phithak Yutthaphan, better known as Baan Phra Phithak, is a teak wood house built some 88 years ago. When Baan Phra Phithak became a non-performing asset under the management of Bangkok Commercial Asset Management (BAM), its executives recognised the value of the house and the surrounding property.
In order to restore and transform the historical area of Trok Tuek Din into a creative district and improve the quality of life for the community, BAM signed a Memorandum of Understanding with Arsom Silp Institute of the Arts to restore the area surrounding Baan Phra Phithak. If the project is successful, it will be a prototype for future asset developments.
Rak Vorrakitpokatorn, CEO of BAM, revealed that when he visited Baan Phra Phithak, which is a 540m² Western-influenced Thai house, his intuition told him not to sell the house.
