Siam Aroon Co. Ltd. is a wholly owned subsidiary of the Metro Group of Companies that itself was founded over 40 years ago to operate the business interests of the Laohathai, Sethpornpong and Tangtrongsakdi families. From its origins as a trader of chemicals and other commodities, the Metro Group developed an extensive number of partnerships with leading Japanese companies that provided the foundation for one of Thailand’s largest and most diversified business groups. The core operations of the Metro Group revolve around both companies listed on the Stock Exchange of Thailand and also privately held companies in the building materials, property, food, chemical, trading and logistic sectors.
Within the Metro Group, Siam Aroon undertakes residential property development and investment primarily under the “Citi Resort” brand in the prime Sukhumvit Road area of Bangkok. These properties have focused on providing residences for the large Japanese expatriate community in Thailand with on-site supermarkets, restaurants, banking and other services.
Thailand’s continued attraction as production base for both the ASEAN and global markets led Siam Aroon to launch in March 2013 its new 29-storey residence located at Sukhumvit Soi Prompong (Sukhumvit 39) that includes both a long-term serviced residence and a short-term hotel “Living@Citi Resort”. Complementing this new project in Bangkok will be a 32-storey long-term serviced residence to be completed in 2015 in Sri Racha, Chonburi Province under the project name of “Citi Resort Sriracha” to support the expansion of Japanese production facilities in Thailand’s Eastern Seaboard. Siam Aroon is also studying other opportunities elsewhere in Thailand to expand its investment portfolio.