Pace Development has reported that pre-sales reservations for its latest luxury project Nimit Langsuan have now reached 90 percent – just days after the project was revealed to the media with 70 percent reported as the level of achieved sales at the THB25 million-plus development.
The listed developer is also gearing up for further expansion in the real estate development business, as well as in the lifestyle and hospitality businesses. The company announced that construction progress of its landmark MahaNakhon development will celebrate topping off at its highest point of 314 meters by the middle of this year, and first phase of transfer to Ritz-Carlton
Residence owners is expected in the fourth quarter this year.
The landmark MahaSamutr development in Hua Hin is expected to see 90 percent completion of construction of villas. with Crystal Lagoon completed and Country Club sales and construction on track.
Sorapoj Techakraisri, Chief Executive Officer of Pace, disclosed that 2014 was another year of success for his company. The global acquisition of the iconic gourmet food and beverage brand Dean& DeLuca not only paved the way for to create a global presence, but also continued its vision to deliver quality urban lifestyle experiences that go beyond real estate development.
He added: “We are confident about Pace’s steady and continuous growth for 2015 which will be boosted by the construction of new sky train routes in Bangkok which will continue to gentrify the most sought after inner city locations. Furthermore, entering the ASEAN Economic Community (AEC) will turn Thailand into a commercial and investment hub, resulting in greater demand for high-end residences and lifestyle demands, particularly in the highest-end sectors”
“Pace is already highly successful in reaching the Thai luxury residential, hospitality, and lifestyle markets by delivering world-class standard residences, hospitality, as well as gourmet food and beverage businesses. With the opening of AEC, we will also attract foreigners both in the residential and lifestyle businesses and will continue to deliver growth looking forward,” he concluded.
Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
