Central Embassy 2 is the reported second phase of Central Embassy, Central Group’s luxury retail and hotel complex at the corner of Ploenchit Road and Wireless Road in central Bangkok, planned for the former British Embassy land that Hongkong Land and Central Pattana acquired in January 2018. Nothing about it is small. The site is one of the largest freehold parcels to trade in the city’s modern history, and it sits at the head of a short block that already carries the densest cluster of super-prime residential development in Bangkok.
What has actually been announced
The first Central Embassy opened in 2014 on the former gardens of the British Embassy and settled quickly into its role as the corridor’s defining retail address. In January 2018 the embassy sold its remaining parcel on Wireless Road, a site of roughly 23 rai, for a reported £420 million to a joint venture of Hongkong Land and Central Pattana, the listed property arm of Central Group. The partners have described a high-end mixed-use scheme for the land, and marketing for The Embassy Wireless, the 41-storey Hongkong Land and Noble Development condominium rising beside it, refers to a future Central Embassy extension directly opposite. What has not been published is a confirmed scope or opening date. A buyer should treat the project as announced and reported, not fixed.
The residential cluster around it
The residential answer to that retail weight is already in place. At the centre of the block is Upper House Residences Bangkok, the two-tower freehold project by City Dynamic, the City Realty and Swire Properties joint venture, designed by Foster + Partners. Tower 1 holds 156 residences over 52 floors, with completion expected in December 2030. Tower 2,The Wireless Residences by Upper House, holds 239 residences over 71 floors, expected in September 2031. Embark Estate is an appointed sales partner for the project.
A few minutes on foot, Langsuan carries Scope Langsuan, freehold and completed in 2023 with direct park frontage, and the Sindhorn Village enclave by Siam Sindhorn, whose Sindhorn Residence was among Thailand’s first LEED Gold residential buildings. Aman Nai Lert Residences, the completed leasehold Aman address off Wireless Road, already trades on the resale market, where Embark advises on the buyer side. Read together, this is not a scattering of projects. It is one walkable block, mapped in detail in our mid-2026 corridor snapshot.
Among the highest land values in Bangkok
Land here is scarce in a particular way. Much of the corridor is held by embassies, institutions, and old family estates, so freehold parcels almost never trade, and when they do the prices set records. Reporting on the sale of the Dutch Embassy site on Wireless Road suggests the land may reach as much as 3.5 million baht per square wah, close to the record levels set on nearby Sarasin Road. However that deal resolves, the direction is clear. This block carries some of the highest land values in Bangkok, and new supply on it will always be limited by geography before it is limited by demand.
New supply on this block will always be limited by geography before it is limited by demand.
The read for a buyer
A retail and hotel anchor of Central Embassy’s calibre, doubled, deepens the daily life of everything around it. In Embark’s own client flow, demand on the park-axis runs across a steady Thai base and international buyers led by mainland China, Taiwan, Japan, Myanmar, and the United States, with the United Kingdom and France leading from Europe. For the longer story of how a diplomatic street became a residential one, see the evolution of Wireless Road, and for the wider corridor, our guide to the Lumphini park-axis.