The palace was built in the year 1875 according to the order of King Chulalongkorn (Rama V) with a colonial style by Italian architect Joachim Grassi in majestic two stories of three buildings.
Later, the heir of the prince therefore decided to sell it to businessman Osot Kosin in the year 1951 with a price of nearly 13 million baht to build as a new shopping and entertainment districts.
The demolition was completed in 1954 and was rebuilt as three movie theaters namely Kings, Queens, Grand (not counting the Sala Chalermkrung Royal Theatre, which was also nearby).
Since then the original location of the Buraphaphirom Palace became Bangkok's most bustling commercial district in the 1950s to 1960s under the name of Wang Burapha, which was known as the center of youngsters of that era.
The prosperity of Wang Burapha began to decline when Ratchaprasong Shopping Center and Siam Square replaced in 1965.