Khao Yai, Thailand, October 10, 2023 / TRAVELINDEX / Located adjacent to the UNESCO World Heritage Site Khao Yai National Park, global hotel brand Banyan Tree and Thai property developer Creston Holding Ltd. announce a groundbreaking residential and resort project that will redefine luxury living in Thailand.

Banyan Tree, a globally renowned, independent hotel group with multiple brands, has partnered with Thai developer Creston Holding Ltd. to unveil Banyan Tree Residences Creston Hill – the first luxury branded residences located directly adjacent to the UNESCO World Heritage-listed Khao Yai National Park. This expansive project, with a gross development value of 17 billion THB, spans 226 rai and encompasses over 30 rai of idyllic lakes nestled in a stunning valley. The first phase will feature 21 fully furnished luxury pool villas with three and four bedrooms, as well as 16 low-rise residential buildings with one, two, and three bedrooms, all seamlessly integrated into the landscape. Through this partnership, Banyan Tree and Creston Holding Ltd. aim to redefine the concept of luxury living in Thailand, blending natural beauty with the utmost in comfort and elegance.

Ho Kwon Ping, Chairman of Banyan Tree Holdings, explains: “With the unveiling of our newest Banyan Tree Residences in Thailand, we are creating an unparalleled, integrated project featuring exquisite villas and condominiums, a hotel, and a Veya Wellness Resort. At its heart, however, are the luxurious residences, which are based on our deep understanding that a home is more than just a space; it is an experience. This project reaffirms Banyan Tree’s ongoing commitment to creating luxurious living spaces that surpass the ordinary.”

Mr. Chayaditt Hutanuwatra, Chairman of Creston Holding Ltd., adds: “In our partnership with the Banyan Tree Group, Creston Holding Ltd. sees an unprecedented opportunity to elevate Thailand’s luxury real estate market to a new level. Adjacent to Khao Yai National Park, our project combines pristine nature with architectural excellence. We are not simply building apartments; we are setting a new gold standard for luxury living in Thailand. We are very proud to be working with Banyan Tree, a global hotel brand, and to bring its distinctive touch to Khao Yai.”

As proud owners of Banyan Tree Residences Creston Hill, residents enjoy the privilege of participating in the exclusive Banyan Tree owner program “The Sanctuary Club”, which offers discounts and benefits throughout the global Banyan Tree network.

Stuart Reading, Managing Director of Property Development at Banyan Tree Group, adds: “The trend towards branded residences in Thailand has increased significantly. The Khao Yai area is rapidly developing into a prime location that has been captivating the domestic market for years. Located just 200 km from Bangkok, the national park boasts a unique combination of nature, adventure, and a pleasant climate. Thais have always appreciated the refreshing contrast to urban Bangkok. At Banyan Tree, our core philosophy is closely linked to this respect for nature. We promote sustainable development that delivers added value to the communities where we operate and our partners. We adhere to a triple-balance sheet model that encompasses economic viability, social contribution, and environmental responsibility.”

Each of the meticulously designed villas at Banyan Tree Residences Creston Hill offers spacious layouts with three or four bedrooms, expansive living areas, and terraces. The villas are fully furnished and managed as part of the hotel offering. With a starting price of 60 million THB, owners benefit from a share of the rental income as well as complimentary annual use of the hotel. Each villa serves as a private retreat, seamlessly blending indoor and outdoor spaces through innovative features such as "dissolving walls" and sliding louvers. Every bedroom boasts a private courtyard with scenic views of nature. The tranquil atmosphere of each villa is enhanced by the interior palette, which evokes misty forest tones. Owners also enjoy complimentary stays within the Banyan Tree network.

These condominiums guarantee absolute privacy and offer breathtaking panoramic views of the mountains and lake. Available as one-, two-, and three-bedroom units, they range in size from 64 to 295 square meters, with prices starting at approximately 15 million THB. The amenities leave nothing to be desired: from a cantilevered swimming pool and spacious terraces in the three-bedroom units to private rooftop terraces in the penthouses. These condominiums are suitable as both primary and secondary residences and offer optional furnishing packages as well as optional property management services from Banyan Tree, including rentals and maintenance.

Banyan Tree Residences Creston Hill were designed to meet a wide range of needs and preferences and represent luxury living. Mr. Reading explains the project: “We offer buyers in our residential complex the opportunity to invest, acquire a second home, or a vacation property. Why choose us? Banyan Tree is more than just a brand; it represents prestige and trust. We offer a quality guarantee, an upscale lifestyle, and a life with numerous amenities, complemented by concierge and exclusive services. Owners benefit from hassle-free property management while securing the long-term resale value of their property.”

In addition, our exclusive owner program, the Sanctuary Club, offers a range of benefits for property owners, including worldwide discounts across the Banyan Tree network, priority waitlist placement, early arrival, late departure, and exclusive invitations through our Xperential Guest program. A multilingual owner services team and pre-sale offers for new projects further enhance the living experience. At Banyan Tree, we bring luxury living closer to nature, setting a new standard in residential real estate.

The property boasts a prime location directly adjacent to the UNESCO-protected Khao Yai National Park, which spans over 2,000 square kilometers of grassland and pristine rainforest, offering rich biodiversity and countless opportunities for adventure. The region enjoys a mild climate with an average annual temperature of 21°C. Temperatures typically reach highs of 26–27°C in May, while they can drop below 10°C in the cooler months of December and January. Golf enthusiasts will appreciate the four renowned golf courses nearby. Furthermore, the area offers a wealth of leisure activities. Whether hiking in the national park, birdwatching, enjoying coffee in themed cafes, stand-up paddleboarding, or kayaking on Creston Hill Lake, there's something for everyone, all just 200 km from Bangkok.

Thanks to a fully developed infrastructure including underground power lines, water supply, fiber optic connection, roads, drainage, and video surveillance, the project exudes luxurious exclusivity. Its proximity to the upscale Creston Hill Estate further enhances this impression. With the completion of a new highway, the project's prime location will become even more accessible, significantly reducing travel time from Bangkok and further increasing demand from domestic and international tourists, as well as those seeking a primary or secondary residence.

Banyan Tree Residences Creston Hill anticipates that the majority of buyers will be from Thailand, supplemented by international buyers, as Khao Yai develops into an internationally recognized tourist destination. This aligns with key real estate trends in Thailand for 2023. The Thai residential property market is growing steadily, driven by economic growth and increasing urbanization. Housing markets in six key provinces, including Nakhon Ratchasima, where Khao Yai is located, are expected to strengthen further between 2023 and 2025. This is supported by economic recovery, infrastructure investment, and the anticipated return of foreign tourism to pre-COVID-19 pandemic levels by 2025. The Nakhon Ratchasima and Khao Yai property market benefits from its role as a regional hub and infrastructure development, with projects such as a local highway and a high-speed rail line, leading to increased vacation home sales.

This groundbreaking project is more than just a real estate development; it's a holistic lifestyle experience that unites luxury, sustainability, and well-being. Located adjacent to the picturesque Khao Yai National Park and equipped with state-of-the-art infrastructure, the project sets new standards in Thailand and the global real estate and hospitality industries. Capitalizing on favorable economic conditions and market trends, the project offers a luxurious lifestyle and a sound investment opportunity backed by one of the most prestigious names in residential real estate. With the growth of the Thai real estate market driven by economic recovery and a tourism boom, Banyan Tree Residences Creston Hill positions itself as a landmark project that harmonizes luxury with nature and well-being.

Mr. Chayaditt adds: “This is not just a chance to acquire a luxury home; it is an opportunity to invest in a lifestyle of the future where luxury is in harmony with nature and well-being.”