- With recent development, Rama 4 - Silom is tipped to become a global business district comparable to Central Park in Manhattan, New York City and a global lifestyle area comparable to Hyde Park in London.
- This location established itself as the luxury hotspot, boasting 33.46% ROI, 13.68% CAGR and rents above 100,000 baht/month for a luxury condominium unit.
- Dusit Central Park is the only mixed-use development project located in Bangkok’s and Thailand’s first super core CBD that will drive economic growth and enrich ultra luxury lifestyle with its potential to connect Bangkok’s major CBDs in all 4 directions: Ratchaprasong, Charoenkrung, Yaowarat and Sukhumvit.
- Dusit Central Park: Here for Bangkok. Bringing together the best of Bangkok in a new superior living context that will transform the location into a new global landmark.
Urban development and growth of business and trade areas continuously incur changes, especially in Central Business Districts (CBDs). Regarded as important locations in Bangkok for their ability to attract people, businesses, and investment, property prices and rents are high in the CBDs. They offer the potential to drive sustainable economic growth and social development. As one of Bangkok’s top CBDs, Rama 4 - Silom area is strengthened, witnessing solid progress in all dimensions including economic and social development, public spaces, greenery, educational institutions, mass transit systems, cultural heritage, and lifestyles. Rama 4 - Silom is the first super core CBD in Bangkok and Thailand, with a world-class complete mixed-use development project, Dusit Central Park stands as a landmark poised to unleash the full potential of this location and set a new standard for urban development and lifestyle.
Rama 4 - Silom and its vicinities enjoying rapid growth and development over the past decade
Mixed-used developments in the Bangkok Metropolitan Region currently amount to 126 projects with a gross floor area of 15.31 million square meters all combined. As of 2023, 110 projects have been completed whereas six were still under construction. The projects under continuing construction between 2023 and 2027 are expected at 16 in total, with a combined gross floor area of 3.85 million square meters*. Among them, one of the most outstanding locations is Rama 4 - Silom, including Lumpini Park and its adjacent areas that continue to witness rapid growth and development. This location is home to five-star hotels, large shopping centers, elegant restaurants, embassies, office buildings, public parks, healthcare establishments and leading educational institutions. The location also benefits from connectivity of mass transit systems including BTS and MRT. Another key factor that put an extra spotlight on this location is the Bangkok Metropolitan Administration (BMA)’s project to turn Lumpini Park into a world-class public park as part of Bangkok’s centennial celebrations, with completion set in 2025. The BMA project seeks to unleash Lumpini Park’s potential beyond a public park towards a new status as the face of Thailand with a new capability to host large-scale events at city and national levels. It will also continue to promote health and well-being of Bangkok residents through amenities such as extreme sports grounds, urban vegetable gardens, and museums. Adjacent areas of Lumpini Park, especially on Rama 4 - Silom front, are therefore emerging as the only fully developed location and the business and lifestyle hub for Thais and international visitors, comparable to Central Park in Manhattan, New York City, U.S.A. and Hyde Park in London, U.K.
Rama 4 - Silom as Bangkok’s leading luxury hotspot
Rama 4 - Silom and other adjacent areas of Lumpini Park have been witnessing a surge in property development during the past three to five years, mostly co-invested by multiple developers in a variety of project types, especially mixed-use and luxury residential developments. CBRE Residential Transaction data in 2023 reported “residential properties in this location offered the highest return on investment (ROI) and compound annual growth rate (CAGR) of 33.46% and 13.68%, respectively. Compared to its nearby locations, such as Silom – Sathorn, Sukhumvit and Rama 3, ROIs only ranged between 25% and 27% whereas CAGRs were no more than 10%. Moreover, rents for luxury and ultra luxury condominiums in adjacent areas of Lumpini Park reached up to 1,415 baht per square meter per month (or more than 100,000 baht/month for a 70-square-meter unit)**.”
The Rama 4 - Silom front of Lumpini Park is particularly the spot to keep an eye on due to its key advantage as a major BTS - MRT mass transit interchange and the presence of the new Dusit Thani Bangkok, which is being developed and will be the first component of Dusit Central Park to be completed. Building upon the original intention of its founder to uphold Thai heritage, the new Dusit Thani Bangkok is set to present its modernized identity and bring new, enriched ultra-luxury lifestyle experiences to Thais and visitors from across the world. As for other bordering areas of the park, Sarasin Road or Lang Suan is a center of luxury residential properties whereas Witthayu Road exudes strong potential with continuing emergence of commercial property developments, including office buildings and retail properties, and Ratchadamri Road, despite few new developments, is notable as the location of King Chulalongkorn Memorial Hospital, Thai Red Cross Society, and the Faculty of Medicine, Chulalongkorn University.
A super core CBD that connects Bangkok’s major CBDs in all 4 directions
The location of Dusit Central Park is an ideal example of a super core CBD, not only being the force that drives growth for Silom and Sathorn area, but also being the central cardinal point surrounded by Bangkok’s major CBDs in all its four cardinal directions.
With its development, Dusit Central Park will contribute to its location beyond traditional scope business and trade development; it will connect different CBDs together for mutual growth and development, being located at the cardinal point that links CBDs in all the 4directions and establishes a strategic positioning of Silom – Rama 4 as Thailand’s super core CBD in the future.
The world-class complete mixed-use development project in Bangkok’s first super core CBD
Dusit Central Park will bring with it a new living context, ready to furnish its location with the status of a new global landmark. In addition to 5-star hotel, ultra luxury residences, new luxury shopping centre, modern office building and 11,200-square-meter lush green area within its compound, the project is conveniently located amid service facilities and establishments, such as leading hospitals, embassies and educational institutions while providing a breathtaking panoramic view of Lumpini Park. Dusit Central Park is the one and only mixed-use development project on Rama 4 - Silom with unrivalled connectivity to other CBDs, whether via road or via BTS and MRT mass transit systems. With a vision to support sustainability and customer’s effortless experiences, this convenience will be enhanced by its plan to establish direct and seamless linkages with both systems through sky walk and underground walk that will also connect the project to Lumpini Park, reaffirming its “Here for Bangkok” promise to enrich lifestyles of Bangkok residents, visitors all around and portraying its vision to bring together the best of Bangkok.
With all these factors, when Dusit Central Park gradually unfolds the new experiences, starting with September opening of Dusit Thani Bangkok, this location will manifest itself as the first super core CBD and the only complete hub of living and lifestyles in Bangkok and all of Thailand.
Remarks:
*https://www.reic.or.th/Research/ResearchDetail/1
**https://www.cbre.co.th/th-th/insights/articles/luxury-living-in-central-lumpini
***https://data.bangkok.go.th/dataset/bts/resource/304c58bf-5fc4-4dee-8e1e-fc03e72506e2
Rama 4 - Silom and its vicinities enjoying rapid growth and development over the past decade
Mixed-used developments in the Bangkok Metropolitan Region currently amount to 126 projects with a gross floor area of 15.31 million square meters all combined. As of 2023, 110 projects have been completed whereas six were still under construction. The projects under continuing construction between 2023 and 2027 are expected at 16 in total, with a combined gross floor area of 3.85 million square meters*. Among them, one of the most outstanding locations is Rama 4 - Silom, including Lumpini Park and its adjacent areas that continue to witness rapid growth and development. This location is home to five-star hotels, large shopping centers, elegant restaurants, embassies, office buildings, public parks, healthcare establishments and leading educational institutions. The location also benefits from connectivity of mass transit systems including BTS and MRT. Another key factor that put an extra spotlight on this location is the Bangkok Metropolitan Administration (BMA)’s project to turn Lumpini Park into a world-class public park as part of Bangkok’s centennial celebrations, with completion set in 2025. The BMA project seeks to unleash Lumpini Park’s potential beyond a public park towards a new status as the face of Thailand with a new capability to host large-scale events at city and national levels. It will also continue to promote health and well-being of Bangkok residents through amenities such as extreme sports grounds, urban vegetable gardens, and museums. Adjacent areas of Lumpini Park, especially on Rama 4 - Silom front, are therefore emerging as the only fully developed location and the business and lifestyle hub for Thais and international visitors, comparable to Central Park in Manhattan, New York City, U.S.A. and Hyde Park in London, U.K.
Rama 4 - Silom as Bangkok’s leading luxury hotspot
Rama 4 - Silom and other adjacent areas of Lumpini Park have been witnessing a surge in property development during the past three to five years, mostly co-invested by multiple developers in a variety of project types, especially mixed-use and luxury residential developments. CBRE Residential Transaction data in 2023 reported “residential properties in this location offered the highest return on investment (ROI) and compound annual growth rate (CAGR) of 33.46% and 13.68%, respectively. Compared to its nearby locations, such as Silom – Sathorn, Sukhumvit and Rama 3, ROIs only ranged between 25% and 27% whereas CAGRs were no more than 10%. Moreover, rents for luxury and ultra luxury condominiums in adjacent areas of Lumpini Park reached up to 1,415 baht per square meter per month (or more than 100,000 baht/month for a 70-square-meter unit)**.”
The Rama 4 - Silom front of Lumpini Park is particularly the spot to keep an eye on due to its key advantage as a major BTS - MRT mass transit interchange and the presence of the new Dusit Thani Bangkok, which is being developed and will be the first component of Dusit Central Park to be completed. Building upon the original intention of its founder to uphold Thai heritage, the new Dusit Thani Bangkok is set to present its modernized identity and bring new, enriched ultra-luxury lifestyle experiences to Thais and visitors from across the world. As for other bordering areas of the park, Sarasin Road or Lang Suan is a center of luxury residential properties whereas Witthayu Road exudes strong potential with continuing emergence of commercial property developments, including office buildings and retail properties, and Ratchadamri Road, despite few new developments, is notable as the location of King Chulalongkorn Memorial Hospital, Thai Red Cross Society, and the Faculty of Medicine, Chulalongkorn University.
A super core CBD that connects Bangkok’s major CBDs in all 4 directions
The location of Dusit Central Park is an ideal example of a super core CBD, not only being the force that drives growth for Silom and Sathorn area, but also being the central cardinal point surrounded by Bangkok’s major CBDs in all its four cardinal directions.
- North - Ratchaprasong is a key business district in many facets. As the location of some of the best office buildings and shopping centers, it is a top destination for Thai and international brands and one of Bangkok’s most popular lifestyle hubs among Thais and international visitors alike. Ratchaprasong sees a traffic of more than 24 million people a year, making it one of Thailand’s busiest areas. It is also home to the key interchange station of BTS Skytrain, the rail transport system that records the highest number of passengers in Thailand.
- South - Charoenkrung grew from an old neighborhood known for being a melting pot of cultures and an old-time hub of trade and commercial activities along the road of the same name, which is Bangkok’s first thoroughfare. Today, some of Bangkok oldest schools can be found in Charoen Krung among high-rise buildings and modern commercial properties. With the collaborative support of government and private agencies, the district blends its cultural heritage with the modern economy in a perfect combination. Charoen Krung is a favorite area for restaurants, museums and art galleries. A major bridge is also situated in this district that connects to the Thonburi side of Bangkok on the west bank of the Chao Phraya River.
- West - Yaowarat is regarded as the birthplace of unique Thai Chinese culture. Its old way of life is kept alive with Chinese temples and shrines abounding streets and alleys branching off the main thoroughfare. With the arrival of modern-day lifestyle, the recent urban development of this district witnesses a growing number of street food restaurants, cafés, and art studios. Thanks to convenient access through MRT mass transit system, the hustle and bustle of Yaowarat continue to attract visitors with the timeless appeals of an old district that always has something for everyone.
- East - Sukhumvit is a top economic district of the country that brings together large office buildings, shopping centers and high-rise buildings. It draws in people from diverse cultural and racial backgrounds, resulting in emergence of subcommunities and subcultures in different parts of the districts, such as Arab and Indian communities in Nana neighborhood, Korean community in Asoke, and Japanese community in Phrom Phong. Sukhumvit is also famous for nightlife, entertainment, international cuisines and shopping centres.
With its development, Dusit Central Park will contribute to its location beyond traditional scope business and trade development; it will connect different CBDs together for mutual growth and development, being located at the cardinal point that links CBDs in all the 4directions and establishes a strategic positioning of Silom – Rama 4 as Thailand’s super core CBD in the future.
The world-class complete mixed-use development project in Bangkok’s first super core CBD
Dusit Central Park will bring with it a new living context, ready to furnish its location with the status of a new global landmark. In addition to 5-star hotel, ultra luxury residences, new luxury shopping centre, modern office building and 11,200-square-meter lush green area within its compound, the project is conveniently located amid service facilities and establishments, such as leading hospitals, embassies and educational institutions while providing a breathtaking panoramic view of Lumpini Park. Dusit Central Park is the one and only mixed-use development project on Rama 4 - Silom with unrivalled connectivity to other CBDs, whether via road or via BTS and MRT mass transit systems. With a vision to support sustainability and customer’s effortless experiences, this convenience will be enhanced by its plan to establish direct and seamless linkages with both systems through sky walk and underground walk that will also connect the project to Lumpini Park, reaffirming its “Here for Bangkok” promise to enrich lifestyles of Bangkok residents, visitors all around and portraying its vision to bring together the best of Bangkok.
With all these factors, when Dusit Central Park gradually unfolds the new experiences, starting with September opening of Dusit Thani Bangkok, this location will manifest itself as the first super core CBD and the only complete hub of living and lifestyles in Bangkok and all of Thailand.
Remarks:
*https://www.reic.or.th/Research/ResearchDetail/1
**https://www.cbre.co.th/th-th/insights/articles/luxury-living-in-central-lumpini
***https://data.bangkok.go.th/dataset/bts/resource/304c58bf-5fc4-4dee-8e1e-fc03e72506e2
