Sands Condominium Pratumnak has partnered with Bangkok real estate agency Soho Properties for sales of its 27-storey condominium located in the “Beverley Hills of Pattaya".
Expected buyers will expatriates and locals from Singapore and Hong Kong, whose numbers has been notable increases in recent years, along with Eurpoeans and midd-class buyers from Bangkok looking for second homes or investment properties.
The primary Architects and construction contractors will be local experienced Pattaya-based companies with the conceptual and management teams coming from a European-based background.
According to development manager Saroj Chairattanakorn, the decision to use a Bangkok-based real estate company and to market and sell the condominium project there is due to the rising number of wealthy Bangkokians snapping up holiday homes in the existing Eastern Thailand destination, also the number of Russian buyers, particularly in Pattaya.
Although the global property recession still is continuing in many countries, Pattaya is still a buoyant market according to the developer, with continuing sales and developments.
Saroj added that the Thailand property market is still very competitively priced when compared to its near neighbours such as South Korea, Hong Kong and Singapore, and remains a good place for investment.
Work has already stated on the showroom at Pratunak soi 6 on land opposite the planned development site. The launch is set set for October 31 with the showroom following closely afterwards.
Andrew Batt, International Group Editor of PropertyGuru Group, wrote
this story. To contact him about this or other stories email andrew@propertyguru.com.sg
Recent stories you may have missed from DDproperty.com, Thailand’s number one property website.
Thailand property and lax tax is mulled by government
More Asian buyers make their mark in Phuket
New Bangkok condo launches at a reconrd high
Rise in expat renrals predicted, first time for 20 years
THB122 million worth of deals done at DDproperty Expo