Siam Royal View Group, a developer based in Koh Chang, announced that it will develop a mixed-use project valued at THB4.5 billion, reports local media. The project will be developed on a 270 rai land plot in Koh Mak. The company will use the land to build a new hotel and condo.
The company believes that Trat is set to benefit from the government’s Eastern Economic Corridor plan because the investment in new infrastructure projects will better support the region’s business and industrial activities. Among these investments is the upgrade of U-Tapao Rayong-Pattaya airport that will be fully launched by the end of 2017.
“The new expansion of the airport will draw many flights. It will attract younger Thais, who prefer travelling by aeroplane, and have behaviour similar to European millennials. They also travel with small families,” says Siam Royal View Chief Executive Roland Steiner to the Bangkok Post.
In addition to this, tourists will be able to get from U-Tapao Rayong-Pattaya airport to Koh Chang in less than 3 hours which is a reduction of 90 minutes from the current travel time. This should increase interest among tourists and home buyers in the area.
The new development will be located in Koh Mak and will have a 200-room resort with 100 villas and 150 condo units for sale and rent. The resort will also have restaurants, bars, a spa, a driving range, and other resort facilities to attract travellers.
Modern Villa on Kho Chang
“The new project will be similar to our mixed-use development on Koh Chang. We will either open for a joint venture or offer the land for sale at THB 550 million,” says Steiner.
Siam Royal View also has plans to spend THB320 million to build 66 new hotel rooms at its Siam Royal View Koh Chang, a mixed-use development. The company will begin construction on this project next year and launch the 1st half of the new addition in October of 2018.
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