The Residences at Dusit Central Park, Thailand’s global Branded Ultra-Luxury Residence on Rama 4-Silom Road,

The Residences at Dusit Central Park, Thailand’s global Branded Ultra-Luxury Residence on Rama 4-Silom Road, to be crowned Bangkok’s number one project with high investment yields

• The Residences at Dusit Central Park is Bangkok’s ultimate mixed-use residential perfection ideal for long-term investment with steady growth in the Ultra-luxury Residences – Branded Residences market.
• CBRE unveils super-luxury condominiums in the Central-Lumpini area, a highly potential residential project, promising monthly rents of up to 2,000 baht per sq.m.
• Completed projects in the Central Lumpini and Silom-Sathorn areas have seen a 96% closure rate, reflecting the high demands for such residential projects in the area.
• UOB Privilege provides a special offer to customers interested in purchasing a unit at The Residences at Dusit Central Park by serving as an investment port consultant and to offer a special interest rate.

Vimarn Suriya Company Limited, the developer of Dusit Central Park, a world-class complete mixed-use development project under “Here for Bangkok” concept and the developer of The Residences at Dusit Central Park, Bangkok’s finest ultra-luxury residential development in Super Core CBD of Rama 4 – Silom, joined force with UOB Thailand and CBRE Thailand to host a seminar titled ‘Timeless Wealth: A Long-term Investment in Ultra-luxury Residences’ to present a market overview for Branded Residences real estate. Data from the seminar shows over 90% of the deals were closed which results in a 7.9% increase in yield on a yearly basis.

Ms. La-ead Kovavisaruch, CEO of Vimarn Suriya Company Limited, the developer of Dusit Central Park, a world-class complete mixed-use development project under “Here for Bangkok” concept and the developer of The Residences at Dusit Central Park, Bangkok’s finest ultra-luxury residential development in Super Core CBD, said “The Residences at Dust Central Park has thoroughly studied the real estate market trend especially ultra-luxury residential projects in Super Core CBD. This results in the development of a project that meets the demands of customers, achieving the sales of 85% of its units during construction. Outstanding for the design and allocation of residential spaces, multiple room types and different sizes that fit a variety of customers, the project responds perfectly to the demand of both Thai and international customers. To underline the development of ultra-luxury projects which goes in line with the real estate market trend, the company hosts a seminar titled Timeless Wealth: A Long-term Investment in Ultra-Luxury Residences. Together with business partners including UOB Thailand and CBRE Thailand, the seminar unveiled data on long-term investment in Ultra-luxury Residences – Branded Residences which ensures sustainable yields.”

Dusit Central Park is the most attractive mixed-use project, especially when it comes to The Residences at Dusit Central Park, a residential project that ensures perfect living through its unique design. Featuring a 69-storey residential building with 406 units, the project comprises Dusit Residences and Dusit Parkside. Located on the 30th to 69th floor, Dusit Residences boasts its Classic Luxury design with a contemporary touch of warmth and serenity that resembles a large-sized mansion but with a sophisticated design which is a signature of Dusit Thani. Dusit Residences features large-sized 2 to 4-bedroom units and penthouses with an area from 118 to 900 sq.m, with a stunning view of a lush-green Lumpini Park. Meanwhile, located on the 9th to 29th floor, Dusit Parkside on the other hand is an embodiment of Lifestyle Luxury contemporary minimal design which suits the vibrant lifestyle of urbanites. Featuring 1 to 2-bedroom and special units with 55 to 250 sq.m of space, the project ensures Gracious Hospitality from Dusit Thani — a national icon that guarantees the best services for all residents. Furthermore, the project also comprises Central Park lifestyle shopping complex, Central Park Offices and five-star Dusit Thani Bangkok, which the latter has opened for service on the 27th September 2024. With a panoramic view of Lumpini Park visible from all buildings, the project also features Roof Park, a 7-rai (11,200 sq.m) lush green area with a unique design that seamlessly connects to the perspective of Lumpini Park. Set aside its pleasurable landscape, Roof Park also serves as a multi-purpose area for recreational activities and workout.

In terms of current residential demands, Ms. Artitaya Kasemlawan, Head of Residential Sales – Project, CBRE Thailand, said, “Speaking of the residential market overview in the first half of 2024, we have seen continuous growth in the super-luxury condominium segment, especially finished projects located in Bangkok’s downtown. These projects see an average sales volume of up to 93%, particularly those in Central Lumpini and Silom-Sathorn areas, with sales volumes of 96% and 94%, respectively. For super-luxury projects that are still under construction, a sales volume of up to 86% has been reported, which is significantly higher than other segments   in the same area. Interestingly, super-luxury branded residences see a sales volume of up to 90%. Investment-wise, such projects render higher yields compared to other segments. This investment success is attributed to several factors, including prime location, residential areas that truly respond to living and lifestyle needs, high-standard branded contemporary design, top-notch services and comprehensive facilities. Only a handful of residential projects can offer all these living elements, making them highly demanded in the rental market. At present, 90% of tenants are foreigners, while the rest are Thais. With that said, residential projects in Super Core CBD are in high demand among those looking to rent the best ultra-luxury residential projects where perfection in both the project itself and its services is assured. In terms of investment, a yield of up to 7.9% can be expected, which means a monthly rent of up to THB 2,000 per square meter compared to other CBD areas.”

Mr. Kulachat Chandavimol, Deputy Chief Marketing Officer, UOB Asset Management (Thailand), said, “The Thai economy is seeing continued challenges both from internal and external factors that may affect investment portfolios. To ensure portfolio growth and long-term wealth, investment should be divided into two parts: a core portfolio with active management, using risk-based approach to diversify risk by investing in a variety of assets, including stocks, debt instruments, and commodities with a priority on risk management; and a satellite portfolio that invests in growth stocks, debt instruments, and alternative forms of investment such as alternative investment funds that are strategically engaged in trading the world’s major currency pairs, property funds, and real estate investment trusts (REITs). At UOB Thailand, we offer home loans to Privilege Banking customers with special interest rates and privileges. Our range of home loan products spans across a variety of needs, including UOB Cash to Home, in which an unencumbered residential property can be used as collateral to apply for a loan under the bank’s terms and conditions. And to make sure that our customers can manage their finances with confidence, we are ready to provide expert advice in every aspect of financial products and services. For more information, please visit any branch of UOB.” Remark: Borrow when necessary and within your means. UOB’s Home Loan’s effective interest rate throughout the loan contract tenor is from 6.13% to 7.15% p.a.* UOB Cash to Home’s effective interest rate throughout the loan contract tenor is from 7.21% to 7.29% p.a.* *Such effective interest rate above is just a sample calculation for this advertising only. Effective interest will be different for each customer depending on their term and conditions. These effective interest rate may be changed subject to bank’s interest rate promotion at that time. The assumption of calculation is based on MRR (as of October 4, 2023) = 8.80% p.a. which may be increased or decreased from time to time. Details of calculation, please visit www.uob.co.th

“However, based on the Timeless Wealth: A Long-term Investment in Ultra-Luxury Residences seminar, it is found that the real estate market in 2024 maintains strong in the Branded Residences segment. The market has a clear direction and has been of interest both among Thai and foreign customers. The Residences at Dusit Central Park will become a significant project which responds to the need of the ultra-luxury market that has the potential for long-term yields. It is also to bring the standard of Thailand’s Ultra-luxury Residences to the next level for now and in the future,” Ms. La-ead concluded.