High End Condominium Developments for Pattaya
The Pattaya developer Indochine Asset Management Ltd expects to tap the high-end market with its 135- million-baht Viewtalay Sands project on Na Jomthien Beach, about 10 mintues from Pattaya. The seven-story building will house 12 duplex and penthouse apartments with sizes between 132 and 156 square metres and priced between 78,000 and 97,000 baht per sq m. Construction is scheduled to be completed in November.
Mark Bowling, the company's sales manager, said the show suite for the project would be opened on Saturday to allow prospective purchasers to look at the finished product before making a decision. The company has also sold 25% of the project and is now receiving more inquiries from both Thai and foreign potential buyers.
'There has been strong interest in this project as it nears completion. Buyers can see for themselves Viewtalay Sands truly is something very special,' he said.
Mr Bowling said the planned amendment of the Foreign Business Act had certainly affected the company's business and made it harder to sell Thai ownership, but he was confident that conditions would improve greatly next year after an election in late December.
The company is currently planning a new luxury twin-tower project on Soi Na Klua 22, the Imperial Siam, early next year as its flagship development.
It will consist of more than 230 apartments with prices expected to range between 80,000 and 130,000 baht per sq m.