• The Residences at Dusit Central Park, the most complete mixed-use residential project in Bangkok, is ideal for long-term investment, benefiting from the strong growth of the Ultra-luxury Residences – Branded Residences
  • CBRE reveals that the super-luxury condominium in the Central Lumpini area has high potential, with rental prices reaching over 2,000 baht per square meter
  • Completed projects in the Rama 4 – Silom area have achieved a sales closure rate of over 96%, reflecting the high demand for projects in this location
  • UOB Privilege offers benefits to customers interested in purchasing the The Residences at Dusit Central Park project, with investment portfolio advisory and special interest rate loans

Viman Suriyah Co., Ltd., the developer of Dusit Central Park, a world-class mixed-use project under the concept Here for Bangkok, and the developer of The Residences at Dusit Central Park, the best ultra-luxury residential project in the Super Core CBD, has partnered with UOB Thailand and CBRE Thailand to host the event Timeless Wealth: A Long-term Investment in Ultra-luxury Residences. According to statistics from CBRE, super-luxury condominium projects in the Branded Residences category have a sales rate of 90%, with units available for rent yielding an investment return (Yield) of up to 7.9% per year

Mr. Laitiat Kowawisarach, CEO of Viman Suriyah Co., Ltd., the developer of Dusit Central Park, a world-class mixed-use project under the concept Here for Bangkok, and the developer of The Residences at Dusit Central Park, the best Ultra-luxury Residences in the Super Core CBD, stated: “The Residences at Dusit Central Park has studied the trends in the real estate market, particularly ultra-luxury urban residences, and developed a project that meets customer demands, achieving over 85% sales during construction by focusing on space design, diverse room types, and sizes suitable for both Thai and foreign buyers. This reinforces our commitment to developing superior projects aligned with the direction of the ultra-luxury real estate market. Therefore, we organized the seminar Timeless Wealth: A Long-term Investment in Ultra-Luxury Residences in collaboration with key partners UOB Thailand and CBRE Thailand to provide information for long-term investment in ultra-luxury residences – Branded Residences that can generate sustainable returns.”

Undoubtedly, Dusit Central Park is the most anticipated mixed-use project, particularly the key component, The Residences at Dusit Central Park, which offers an intriguing lifestyle through unique design. It features a 69-story residential building with 406 units, divided into “Dusit Residences”, starting from the 30th to the 69th floor, showcasing a Classic Luxury contemporary style that is calm and warm like a large home, yet intricately designed with Dusit Thani's signature details, focusing on spacious 2-4 bedroom units and penthouses ranging from 118 to 900 square meters, boasting stunning views of the lush greenery of Lumpini Park. Additionally, “Dusit Parkside”, from the 9th to the 29th floor, presents a contemporary Lifestyle Luxury design that is luxurious yet modern and sleek, catering to the vibrant urban lifestyle, offering 1-2 bedroom units and Special Units with living spaces from 55 to 250 square meters, complemented by the gracious hospitality service from Dusit Thani, a significant icon of Thailand, to provide the best services for all residents. The project also features a shopping center (Central Park), rental office buildings (Central Park Offices), and a 5-star hotel, Dusit Thani Bangkok, which opened on September 27, providing breathtaking views of Lumpini Park from all buildings. An important highlight is the Roof Park, a large green space of over 7 rai (11,200 square meters) designed to connect seamlessly with Lumpini Park, offering versatile areas for enjoying views, recreational activities, and exercise.

Regarding the current demand for housing, Ms. Atitaya Kasemlawat, head of the residential project sales department at CBRE (Thailand) Co., Ltd., stated, “The overall residential market in the first half of 2024 shows continuous growth in the super-luxury condominium segment. In completed projects in the downtown area, the average sales rate is over 93%, especially in the Central Lumpini and Silom-Sathorn areas, with sales rates of 96% and 94%, respectively. Meanwhile, projects under construction in the super-luxury condominium segment have sales rates of up to 86%, higher than other segments in the same area. A detailed analysis reveals that super-luxury residences managed by five-star hotel chains or Branded Residences have an average sales rate of 90%. In terms of investment, these types of residences yield higher returns than other segments. Factors contributing to the success of these projects include prime location, living space that truly meets residential needs, brand-standard design, contemporary aesthetics, five-star service, and comprehensive amenities. Projects that encompass all these elements are limited, making them highly sought after in the rental market, with 90% of tenants being foreigners and 10% being Thai. Therefore, considering the rental potential of projects in the Super Core CBD and this segment, there is high demand from tenants seeking the best residences that meet both project and service expectations, enabling an investment return (Yield) of up to 7.9% per year. Additionally, compared to other CBD locations, this area can command rental prices of up to 2,000 baht per square meter.”

Mr. Kulchat Janthawimon, Senior Executive Vice President of Business Development at UOB Asset Management (Thailand) Co., Ltd., provided insights, stating, “Currently, the Thai economy continues to face challenges from both domestic and external factors, which may impact investment portfolios. Therefore, it is advisable to divide investment funds into two parts for accumulating and enhancing long-term wealth: Core Portfolio, which involves proactive management strategies with high flexibility through a systematic risk-based investment approach to diversify investments across various assets, including stocks, bonds, commodities, and emphasizing risk control; and Satellite Portfolio, which involves investing in growth stocks, bonds, and alternative investments such as funds with strategies for trading major world currencies, property funds, and real estate investment trusts (REITs), or purchasing real estate projects for rental purposes. UOB Thailand offers home loans for wealthy clients (Privilege Banking) looking to purchase real estate, providing special interest rates and services. The bank has various types of home loan limits, including UOB Cash to Home – a multipurpose home loan that uses unencumbered assets as collateral to request funds based on customer objectives under the bank's conditions. Additionally, clients receive advice from financial experts to manage their finances confidently. The bank is ready to serve as a financial transaction advisor in all financial dimensions. For more information, please inquire at any UOB branch.” Note: Borrow only what is necessary and repay within your means. The current effective interest rate for UOB home loans is between 6.13% and 7.15% per year*. The effective interest rate for UOB Cash To Home is between 7.21% and 7.29% per year*. *These interest rates may change according to the bank's promotional interest rates at that time. The calculation assumptions are based on the MRR interest rate as of October 4, 2023 = 8.80% per year. Floating interest rates may increase or decrease. For detailed calculations and additional product information, please visit the bank's website www.uob.co.th

“Nevertheless, from the seminar Timeless Wealth: A Long-term Investment in Ultra-Luxury Residences, it was found that the Thai real estate market in 2024 still shows growth trends in the Branded Residences segment, with clear directions and high demand from both Thai and foreign customers. The condominium project The Residences at Dusit Central Park will be a significant project that can meet the needs of the upper market, with the potential to create long-term added value, and it will also elevate the standards of ultra-luxury residences in Thailand both now and in the future,” Mr. Laitiat concluded.