Why is The Residences at Dusit Central Park a Smart Choice for Both Living and Investment?
July 10, 2023
Price Appreciation & Rental YieldThere’s no denying that the primary concern for most people is a return on investment (ROI) worthy of the money they’ll put into the property. This holds true for both personal use as well as renting out a property to generate passive income, as real estate prices tend to rise over time. Additionally, people also consider the compound annual growth rate (CAGR), which represents the average annual growth rate of an investment over a specified period exceeding one year. It serves as a reliable method to calculate and determine returns for individual assets, investment portfolios, and any assets subject to value fluctuations over time.
Based on CBRE transactions, Central Lumpini demonstrates the highest price growth, indicated by its CAGR of +13.68%, and boasts the strongest ROI at +33.46%, compared to other locations. Riverside-Rama III follows with a CAGR of +9.83% and ROI +26.71%, while Sukhumvit shows a CAGR of +4.80% and ROI of +26.39%. The Silom-Sathorn area has a CAGR of +4.64% and ROI of +25.23%. The Residences at Dusit Central Park is strategically positioned between Central Lumpini and the Silom-Sathorn area, making it appealing to potential buyers from both locations. Furthermore, this area commands a rental rate of approximately THB 1,300–1,500 per square meter per month. With the project's strengths in terms of advantageous location, impressive product offerings, top-notch specifications, and 5-star hotel services, the project holds strong potential for long-term profitability through renting.
In the Central Lumpini and Silom-Sathorn areas, there are numerous condominiums available for less than THB 20 million. The Residences at Dusit Central Park is among these options, and is considered competitively priced compared to other projects in the same segment in this location. While many of these projects are stand-alone, The Residences at Dusit Central Park offers the advantage of being part of a complete mixed-use compound, ensuring convenient living. What sets this project apart is its long leasehold of 58 years, which distinguishes it from other short-term leasehold and freehold condo projects in this area. As a result, it is highly appealing to those seeking residence or long-term employment opportunities.
Nowadays, people are increasingly seeking comfort, and that includes properties that cater to their multifaceted needs. While some developments focus on just one aspect, such as condominiums, hotels, or office buildings, people's requirements often extend beyond that. They desire a combination of convenient work accommodations, relaxation options, and diverse lifestyles.
Furthermore, The Residences at Dusit Central Park offers five-star hotel services, adding value to the project by providing services to international standards.
Branded ResidencesBranded residence projects offer several benefits that set them apart from other developments:
1. The most essential difference between branded residences and other developments is the standard of service provided by renowned hotels. This translates into a more luxurious and comfortable living experience for residents, as they can enjoy a variety of services provided by the operating hotel brand. Unlike regular condos with limited working hours for their juristic office, branded residences typically offer 24-hour concierge services.
2. The management of branded residences adheres to five-star hotel standards. Consequently, unlike other condos, common areas are well-maintained and will not become old or deteriorate over time.
3. Branded residences will have a distinct identity and ambiance. The materials used in the project are carefully selected to fulfill certain requirements. The common areas are decorated to evoke the appearance, taste, smell, and sound of a five-star hotel. Every detail should cater to the residents' refined tastes.
The Residences at Dusit Central Park is expertly managed by Dusit Thani and offers luxurious comfort with the best standard of residential services available. The project also enjoys a variety of exclusive wellness and world-class amenities. Residents can enjoy added value through the meticulous management and maintenance of the property in accordance with the brand's standards.
Strategic LocationLocated just across the main road from Lumpini Park, The Residences at Dusit Central Park is ideally situated at the crossroads of Bangkok’s financial and commercial districts. It enjoys direct connectivity to the intersection of Silom and Rama IV main roads, where multiple modes of transport intersect, including the Skytrain (BTS) and subway (MRT). Moreover, it is within a short walking distance from prestigious Grade A offices and renowned shopping centers such as Siam Paragon, Siam Centre, Siam Discovery, Central World, Central Chidlom, and more. The area surrounding The Residences at Dusit Central Park is also home to world-class hospitals including BNH, Bumrungrad and Chulalongkorn hospitals, and leading educational institutions including Chulalongkorn University, St. Andrews International School, and more.
Being a hub of luxury residential developments, this area attracts the interest of investors and people seeking a new place to call home. With its exceptional accessibility, convenient amenities and vibrant lifestyle options, it comes as no surprise that the area is witnessing real estate growth, especially with the emergence of mega projects occurring in the future.
Mixed-use DevelopmentEncompassing four diverse elements consisting of a 5-star hotel, ultra-luxury residences, premium office space and luxury retail center, Dusit Central Park is expertly designed to bring nature to the city while appealing to all ages and interests, becoming the center of a dynamic green urban community. The tranquil expanse of a 7-rai (11,200 square meters) Roof Park meets the vibrant energy of a modern metropolis in the form of beautifully crafted, deluxe residences that offer unrivalled access to a lush park lifestyle within a complete mixed-use development. Discover unparalleled comfort and convenience at The Residences at Dusit Central Park, where a prestigious past lays the foundation for an even more amazing future.
Designed with this propitious location in mind, the perfectly conceived architectural layout features three high-rise towers and a lifestyle retail structure, orientated towards the park in a northeastern direction to fully harness this advantageous energy flow. Park and city are seamlessly combined as life-enhancing energy is captured by the tall facades of the three towers and additional retail structure, reflected down onto the green landscaped podium below, and dispersed back up throughout the entire development, ensuring that the cooling and calming aspect of wind and water flow steadily throughout.
For more information, please contact CBRE or visit CBRE website.