Dusit and CPN officially unveil ‘Dusit Central Park’ – a world-class mixed-use development creating a new city landmark at the heart of Bangkok’s CBD
Unique mixed-use project, developed under the concept ‘Here for Bangkok,’ set to be a major lifestyle and business junction connecting four key areas of Bangkok.
Comprises four world-class elements: hotel, residences, shopping complex and office tower, together with a large green space, delivering value for the broader community.
Includes ‘Dusit Residences’ and ‘Dusit Parkside’ as part of a residential tower providing panoramic views of Lumpini Park and the Bangkok cityscape.
Dusit Thani Public Company Limited, one of Thailand’s foremost hotel and property development companies with 70 years of expertise, and Central Pattana Public Company Limited (CPN), Thailand’s largest and most diversified property developer with 40 years of expertise, have officially revealed the details of their historic collaboration to create a new city landmark and transform Bangkok’s major Silom–Rama IV intersection into the prime core of the CBD (“Super Core CBD”) by linking four key areas of the city with a one-of-a-kind mixed-use project, called ‘Dusit Central Park.’
Developed under the concept ‘Here for Bangkok,’ and expected to be completed by 2024, the project aims to create a new way to live the metropolis life and bring Bangkok to another level as one of the world’s best cities.
Worth a total of 36.7 billion baht and covering 440,000 sq. m. of prime real estate opposite thegreenery of Lumpini Park, the ambitious project is set to feature luxury residences, a state-of-the-art office tower, a high-end shopping complex with a large rooftop park, and a distinctive reimagining of Dusit Thani Bangkok hotel, Dusit’s iconic flagship property, which served as a symbol of gracious Thai hospitality for 50 years.
Under the concept of ‘Here for Bangkok,’ the project reflects four key pillars: 1) Here for Heritage & Innovation, where cultural legacy is put into practice. 2) Here for Unrivalled Connectivity, highlighting Dusit Central Park’s status as a unique mixed-use project that connects all important infrastructure. 3) Here for a Lush Quality of Life, linking people with the natural splendour of Lumpini Park, aka the Lungs of Bangkok, as well as vibrant city life all day and all night. 4) Here for Meaningful Experiences, where new experiences of modern living re-connect local communities and green space through a unique project where old meets new.
“We aim to deliver a one-of-a-kind mixed-use project that blends heritage and innovation, connects all important infrastructure and transportation, embraces a green concept reflecting our prime position opposite Lumpini Park, and delivers enduring value for all our stakeholders,” said Ms Suphajee Suthumpun, Group Chief Executive, Dusit Thani Public Company Limited.
“By blending the best of Thai design and hospitality with international standards of service, we will create a new city landmark that reflects our past, embraces our present, and anticipates the future, and, by doing so, we will continue the legacy of Dusit Thani Bangkok following the same principles Thanpuying Chanut Piyaoui had when she founded the hotel – to be bold and do great things, to create things that never existed before, and to always have a positive impact. We look forward to working with CPN to doing just that under our promise, Here for Bangkok, while revolutionising the way people shop, dine, work, live and stay in this area. Regarding our most distinctive value, our project will enhance convenience for commuters by linking directly with the Bangkok BTS (Skytrain) systems and MRT (Mass Rapid Transit underground), at Silom and Sala Daeng stations, respectively.”
Ms Wallaya Chirathivat, Deputy CEO of Central Pattana Plc. (CPN), said, “Under the concept of Here for Bangkok, this project is not just a mixed-use space but a new creation that will transform this area into the prime core of the CBD (‘Super Core CBD’).
Ultimately, Dusit Central Park will connect four Bangkok neighbourhoods in four directions – namely Ratchaprasong (north), Charoenkrung (south), Sukhumvit (east), and Yaowarat (west) – thereby creating a new junction where old meets new, and financial meets commercial. This seamless connection responds to both business and lifestyle needs. Dusit Central Park will be perfectly positioned to help bring Bangkok to a whole new level and set the standard for mixed-use projects in the city, as it is located next to Bangkok’s major park, Lumpini Park, just like the iconic properties found adjacent to parks in New York and London.”
Dusit Central Park is expected to open in three phases. The first one is Dusit Thani Bangkok hotel. Designed to preserve the rich architectural and artistic heritage of the original hotel, the new 39-storey, 250-key Dusit Thani Bangkok will feature a modern-yet-familiar design that incorporates significant elements from the original hotel. A grand ballroom overlooking Lumpini Park will be a highlight, as will a multi-level rooftop bar and lounge. Alongside Dusit’s unique brand of gracious hospitality, the property will offer the latest in high tech and high touch service.
Set to open shortly after the hotel, in 2023, are Central Park Offices, a professional hub spanning 90,000 sq. m. and providing the ultimate in technology and connectivity for innovative start-ups and large companies alike; and Central Park Shopping Complex, a luxury shopping complex designed to connect all elements of the project and create a ‘New Urbanized Lifestyle’ providing never-before-seen retail experiences of the future.
The shopping mall will feature iconic international and local brands over 80,000 sq. m. to meet the needs of various lifestyles. Topped with Rooftop Park, the shopping complex will also provide an expansive outdoor leafy retreat for people to unwind.
The final part of the project is the residences. Set over 69 storeys, this 389-key tower will be divided into two distinct sections – Dusit Residences and Dusit Parkside – both managed by Dusit International in line with its unique brand of Thai-inspired gracious hospitality.
Dusit Residences will comprise 159 luxurious, spacious units on the uppermost floors of the building, offering panoramic views of Lumpini Park. It is designed to provide a luxury standard of living for Bangkok-based executives or travelling executives who regularly visit Thailand, as well as middle- to large-sized families seeking maximum comfort and convenience.
Dusit Parkside, meanwhile, will comprise 230 contemporary-styled units, also offering views of Lumpini Park, and is aimed at small-sized families as well as city workers seeking a stylish home in the heart of the capital. Units for both Dusit Parkside and Dusit Residences will be available for long-term rent or leasehold. Booking will open soon.
Alibaba is investing $320 million in Thailand as the e-commerce giant aims to tap Chinese consumers’ appetite for the Southeast nation’s agricultural goods and for its tourism market amid growing competition from rivals.
China’s biggest e-commerce company is investing more than 10 billion baht ($320.20 million) in a “digital hub” in the Thai military government’s much-touted Eastern Economic Corridor (EEC), government officials said.
Thailand welcomed a record-high 32.6 million foreign tourists last year, an increase of 9% from the year before. Hotels had an average occupancy rate of 77.5%, an increase of around 1.9 percentage points. With strong occupancy and arrival growth, the average daily rate of hotels of all grades in Bangkok increased to 3,371 baht, an improvement of 3% from a year earlier. Clearly, Thailand is a popular place to visit and there is strong demand for places to stay, but current laws prohibit owners from renting their private properties at a daily rate on Airbnb.
Sansiri Public Company Limited is confident of continued demand for holiday homes by Thai and foreign customers in Pattaya as the resort city remains one of the preferred tourist destinations in the country resulting in increased interests among investors in this venerable holiday city. The 2016 overall sales growth over the previous year among Thai and foreign customers in the condominium and single house markets, or the rental market was as much as 80 percent, especially for condominiums.
Singapore-based property investors ploughed US$6.8 billion into global real estate, up 20% and the second highest in the first half of the year after China.
Singapore-based institutional investors, property companies and private equity ploughed US$6.8 billion (S$9.24 billion) into global real estate, up 20 per cent from US$5.6 billion a year ago. That figure is a little more than half of the US$12.7 billion invested in office, retail, mixed-use, industrial, hotel, residential and other commercial sectors in 2016.
Thailand Leading Property Developer Sansiri Public Co. Ltd. has been voted as Most Admired Brand by readers of popular magazines Brand Edge and The Company. Apichart Chutrakul, CEO of Sansiri thanked readers of the two publications and noted that the award demonstrated that the company’s projects were accepted and thought highly of by both customers and marketing experts alike.
As Bangkok’s luxury developer Raimon Land, a grand “Raimon Land Golden Ball Agent Night Party” was held on the evening of July 3rd for the agent in Centara Grand Mirage Beach Resort Pattaya.
Environmental Impact Assessment(EIA) is one of the environmental management tool used in project decision making. It is applied especially to some activities under the Ministerial Mandate.