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Wednesday, November 30, 2022
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Dusit Central Park reaches 40% sold mark

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It took 18 months to drive sales of Dusit Central Park to 40% which is considered extraordinary under the covid situation.

Named Dusit Central Park, it is a joint venture project of two business giants in Thailand, one side from Dusit Thani Group, the other side from the Central Group Developed. All together it is a mixed-use project worth 47 billion baht managed by Vimarn Suriya Co., Ltd.

And because the project is developed on a 23-rai plot of land leased from the Crown Property Bureau, the corner plot of Silom Road cuts Rama IV Road, so the condos in the project have 2 brands, namely “Dusit Residences” and “Dusit Parkside”. It is presented for sale as a leasehold which in effect is a selling of the long-term leasehold rights (because the ownership cannot be transferred in regards to Crown property)

It must be said that the highlight is the term of the rental period. Normal, general leasehold condos have a lease term of 30 years, then if the lease is renewed you are faced with having to negotiate and pay a new rent for another 30 years, but at Dusit Central Park, the one-time lease is locked by extending the lease term to 58 years

The second highlight is at an average price of 340,000 baht per square meter, compared to freehold condos or condo transfer ownership the average selling price on the location is 500,000 baht/square meter. It becomes an easier decision for those that are looking to invest long term.

One of the the selling points is that the owner of the condominium in this project has the privilege of taking a full 360 rai of Lumpini Park view.

The design concept is a 69-storey high-rise condominium with a height of 299 meters. There is no plan to set up electric poles on top of the building. In all likelihood, this building when completed in the future, will be in the top 5 tallest buildings in Bangkok.

In terms of placing the average price similar but also share customer decisions “Usage space” or large-small room You can choose according to your lifestyle

The zone “Dusit Parkside” targets family customers starting with no children. Or living alone, there are 246 units on floors 9-29, function 1-2 bedrooms, size 55-115 square meters, and private facilities on the 29th floor.

Within the “Dusit Residences” zone , targeting multi-generation family customers, located on floors 30-69, function 2-4 bedrooms, starting size 117-173 square meters, limited to 160 units with Penthouse area atop the building, another 7 units, 395-700 square meters in size, with private facilities midway between the two zones on the 46th floor.

Dusit Residences’ two-bedroom mock-up example emphasizing classic luxury design with Thai touch, high ceilings, 3 meters high simplex and duplex with 6.6 meters high double ceiling. Every unit has a private lift lobby ( When leaving the passenger elevator it will be the area in the house at all)

As for Dusit Parkside suites, there is a small usable area. Focusing on the design of a modern lifestyle luxury and the highlight is being close to a large garden of 7 rai in the project, suitable for new generations.

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