Dusit Central Park, a mixed-use mega project that will become a new landmark On the corner of Silom-Rama 4 Road in the heart of Bangkok. Has updated the progress of all 4 projects, namely Dusit Thani Bangkok Hotel, Dusit Residences Residential Project, Central Park Offices Building and Central Park Shopping Center to continue being a high-end brand. that is ready to respond to all lifestyles

Ms. Laem Kovavisarach, Chief Executive Officer of Vimarn Suriya Co., Ltd., the developer of Dusit Central Park, spoke about the idea of initiating this project. The beginning of the Dusit Central Park project came from our desire to create a residence that is conducive to urban lifestyles in all forms. to balance a lifestyle with everything close at hand and close to nature Including having a residence that is ready with a full range of services This is the core principle of this project: we want everyone to live, work and live inclusively. Which our residential projects are branded residences (branded residences), meaning that we are the owners, we develop ourselves, take care of our residents ourselves. make people who come to buy trust that they will be well taken care of

Dusit Residences consists of 2 living concepts, namely Dusit Residences and Dusit Parkside, which currently have sales of more than 60% and are expected to achieve Sales are about 70-75% by the end of 2023, with the latest customer ratio being 85% Thai, 15% foreign, which is expected to increase the proportion of foreign customers according to the original target of 35% after all countries are open to travel. in full. Dusit Thani Group have joined hands with partners and agents Including doing road shows for HiNetworth customers in many countries. Which received a lot of attention from buyers, Dusit has gradually penetrated the market of Singapore, Hong Kong, China, Taiwan, including the United States and Europe continuously since the beginning of the year.

Ms. Laew mentioned about the real estate market in Thailand that from our contact with buyers The behavioral trend of foreigners buying real estate in Thailand has changed after the spread of COVID-19. from just investment as a long-term residence In which Thailand is ready in many aspects that contribute to this, for example, there are quality international schools ready to transfer to leading universities around the world. and also has advanced medical technology skilled medical personnel and public health at the forefront of Asia. The cost and cost of living are reasonable in relation to the quality of service received. All of these are the main factors that can persuade foreigners to come do business and live, including creating economic value for Thailand.

After the spread of the COVID-19 virus Residential buyers tend to focus on being in an environment that is good for the body and mind. This has resulted in a trend of residential development that takes into account well-being & sustainable residences. The Dusit Central Park project has taken these into account since design. With over 7 rai of green space (Roof Park) that can respond to the lifestyle of living in a city surrounded by nature at the same time and can benefit the surrounding community. Moreover, in the residences, Dusit Residences and Dusit Parkside use environmentally friendly materials such as recycled concrete. Every room has a cooling system that can filter air and PM 2.5, including making a system to treat used water to be recycled to water plants on the roof park, etc.

The new 6-star Dusit Thani Hotel will be ready for its first phase of operation in mid-2024 on a 39-storey building with 257 rooms designed in a modern style. But still retains the identity of the traditional 'Dusit Thani', with the office and shopping center using the expertise of Central Pattana, which is Dusit Thani's partner in this project. Phase 2 will open for service in late 2024 and the residential projects Dusit Residences and Dusit Parkside will gradually start transferring in late 2025.

“We are confident in the company's team and the contractors we selected for this project. Dusit Thani, formerly a landmark of Bangkok since 1970, into a residence and mixed-use projects today When everything is complete We believe that this place will be even more special. It is a new lifestyle landmark for Thai people. It is Here for Bangkok that everyone is proud of.”

Source:https://mgronline.com/stockmarket/detail/9660000059444

Date 1/07/2023