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Nova Group picks up 3 awards at Thai real estate’s gala event
(From left): Sukanya Gale,
Winston Gale, founder and co- developer of The Palm, Clayton Wade, Premier
Homes & awarding judge, Birathon Kasemsri Na Ayudaya, partner in The Palm,
and wife Kazuko Kasemsri, pose for a photo at the conclusion of the 2013
Thailand Property Awards gala dinner held at The Centara Grand in Bangkok,
Sept. 19.
On the evening of the 19th of September, the prestigious
Thailand Property Awards took place at The Centara Grand in Bangkok.
Following on from last year’s achievements with The Cliff residence that
flew the flag for Pattaya, this year it was The Palm by Nova Luxury
Developments that took centre stage, beating out The Cliff to win ‘Best
Condominium Eastern Seaboard’.
There to collect the award were Winston Gale and Khun Birathon, both
partners in the project along with Rony Fineman, but unfortunately Rony was
unable to attend the awards ceremony this year.
“We are delighted to accept this award,” said Winston. “It’s taken us 5
years to get to where we are today. So much hard work has been done by so
many good people so this award is for all those people who are part of our
team.”
Partnering-up with Nova Group’s Rony Fineman in mid 2010, Winston and Rony
formed Nova Luxury Developments and together developed the award-winning
‘The Palm’ under the Nova brand.
The Novana condominium is
nearing completion and was given a Highly Commended certificate for Best
Boutique Development Eastern Seaboard.
“It’s been great working with Rony, he’s is a true
pioneer of Pattaya,” Winston continued. “We are genuinely surprised to win
tonight, not because The Palm isn’t worthy of the award, but we felt our
year would be next year when we were nearer to completing. We beat very
tough competition from Major Developments ‘Reflections’ who have almost
completed and this just demonstrates that the judges saw something very
special in our project.”
The accolades didn’t stop there either for The Nova Group as also that
evening their Novana project was awarded with a Highly Commended certificate
for Best Boutique Development Eastern Seaboard, and The Cliff was awarded
Highly Commended for Best Condominium Eastern Seaboard.
Both Rony Fineman and Kobi Elbaz were delighted that The Cliff had won an
award for the third time in as many years and also that Novana had picked up
its first award, but the night belonged to The Palm, taking top honors on
its first entrance.
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Kingdom Property launches naming competition
for new luxury project
Kingdom Property CEO Nigel
Cornick (left) and Vice President of Marketing Irina Breslavtseva (right)
announced the innovative naming competition at last month’s Thailand
Property Awards 2013.
Thailand real estate developer Kingdom Property has
launched an innovative competition called “Name It! Tag It!” that offers
participants the chance to win a trip to the heart of Australia’s Gold
Coast, Surfer’s Paradise.
Open from now until October 18, the developer is offering return
business-class tickets for two and a five-night stay at the newly
refurbished five-star Sheraton Mirage Resort & Spa to the competition winner
who comes up with a name and tagline befitting of its upcoming luxury
condominium project on Wongamat Beach, Pattaya.
Kingdom Property Chief Executive Officer Nigel Cornick, who was behind
prestigious projects such as The River and 185 Rajadamri in Bangkok, and
Northpoint and Northshore in Pattaya, said that the condominium would
redefine luxury beachfront living in Asia.
“We are planning to build the development on a generous 8,000 square metre
absolute beachfront site at a height of about 50 stories and it will feature
innovations which have never been seen before in Thailand,” said Mr Cornick.
“I think there are comparisons between Pattaya and the Gold Coast too. The
Gold Coast has developed into an iconic destination in Australia with luxury
residential condominiums and a great outdoors lifestyle and I believe
Pattaya can achieve the same status.
“That is why we are having a bit of fun with this competition, giving
Thailand’s creative set the opportunity to put their thinking caps on. But
equally there is a more serious message as I believe there is a high-end
real estate market in Pattaya, and Wongamat will be known as the elite,
prestigious destination of the future on the Eastern Seaboard.”
For the chance to win an Aussie adventure, entrants should submit their
entry to www.kingdom property.com before 18th October 2013 - terms and
conditions apply and can be found on the website.
Kingdom Property has a pipeline of potential projects in Pattaya approaching
THB20 billion led by Southpoint, which is scheduled for completion in 2015.
www.southpointpattaya.com.
Northern Gold Coast Area
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Chinese insurance funds target overseas real estate
Top Cross-Border Investment
Destinations (2007-2013 Q1).
Chinese insurance funds have more than US$14 billion
available for overseas real estate investment, with high transparency
markets, including the UK, US, Canada, Singapore and Australia, as well as
Asian markets with similar cultural backgrounds such as Thailand, Hong Kong,
Singapore and Malaysia, expected to be among the key targets, according to
the latest research from global property advisor CBRE.
Given the present scarcity of investable prime properties in first-tier
Chinese cities and the short-term risk from the oversupply in second- and
third-tier Chinese cities, prime high-end office properties in core
international cities are expected to be highly sought after, especially
considering the attractive yields they can produce in today’s low interest
rate environment.
Chinese institutional investors are still relative newcomers to cross-border
real estate investment strategies, compared to pension funds, insurance
funds and sovereign wealth funds from other regions. However, in recent
years Chinese institutional investors have started to increase their
investment in overseas real estate markets; a trend that has been driven by
several factors, including limited investment channels in China, abundant
liquidity, local currency (RMB) appreciation, and the relatively lower
valuation of overseas assets in the years following the 2008 financial
crisis.
In 2012, the total assets of China’s national insurance institutions stood
at US$1.2 trillion. New regulations permit these institutions to invest up
to 15% of their assets in “non-self-use” real estate. By this measure, there
is in excess of $180 billion currently available for real estate investment.
Based on patterns of insurance fund allocations witnessed in developed
countries in recent years (with most insurance funds typically allocating up
to 6% of their assets to direct property investment) and assuming an 80:20
split between domestic and overseas market, it is estimated that Chinese
insurers could invest up to US$14.4 billion in overseas real estate.
Although the number of investable properties in
developing regions has increased sharply in recent years, those of high
enough quality are still limited in Asia Pacific when compared with North
America and Europe. For this reason, Chinese institutional investors are
expected to focus on premier office investment opportunities in gateway
cities, which are capable of generating stable Return on Investment (ROI) in
the short term, such as the premier offices in international gateway cities.
Markets marked by high transparency, including the UK, US, Canada, and
Australia, as well as Asian markets that are adjacent to the Chinese
mainland with similar cultural backgrounds, such as Thailand, Hong Kong,
Singapore and Malaysia, will likely be the major destinations for Chinese
real estate investors in the future.
Marc Giuffrida, Executive Director, CBRE’s Global Capital Markets,
commented, “Chinese insurance institutions are already well established in
domestic markets, but following a series of government policy changes, they
will look to target overseas commercial real estate markets. The insurance
industry, in particular, is thriving; buoyed by ever-increasing funds they
will target gateway cities around the world such as London, New York,
Toronto, Singapore and Sydney in increasingly large amounts. The low
liquidity, value-added potential and stable cash flow of prime office and
retail assets offers a perfect match for these investors.
“Compared with developed countries, the allocation by Chinese insurance
companies to overseas real estate investment is still relatively low, even
with a modest increase in allocations given the capital base the flows could
be quite substantial. Using the Malaysian and Korean outbound investing
experience as a guide, big industry leaders will lead the way, but once they
demonstrate success the rest of the industry is expected to follow.”
Real estate investing is relatively new for these investors, with Chinese
insurance funds only permitted to invest in real estate beginning in 2009
when changes to government policy were made. Further regulation changes now
permit insurance companies to invest a maximum of 15% of their total assets
as of the end of the last quarter in ‘non-self-use’ real estate.
The new regulations are well measured to encourage sustainable investing
through the cycle. For example, investing is limited to “mature retail and
office properties with stable income, located at the central areas of the
major cities in 25 developed markets,” including the US, UK, Hong Kong, and
Australia. This also includes listed real estate investment trust funds
(REITs) in these 25 countries or regions. The investment total is limited to
a maximum of 15% of the insurance institution’s total assets at the end of
its previous fiscal year.
“There has been significant Chinese private and corporate investment in
development sites in both Cambodia and Laos, but to date only limited
investment in Thailand. Chinese direct property investment in Thailand has
been through joint ventures with Thai partners due to the restrictions on
foreign ownership,” commented David Simister, Chairman of CBRE Thailand.
Frank Chen, Head of Research - China, CBRE, commented, “Most of the Chinese
investors with sufficient capital are now facing limited domestic investment
channels. Factor in the escalating purchasing power enabled by the
continuous appreciation of the RMB and now is the ideal time for Chinese
capital to enter the overseas market – not only institutional investors
targeting stable income flow with moderate long-term risk, but also
individuals who are looking for opportunities to preserve and create wealth
as well as to immigrate or gain a better education for their children. In
addition, companies that are initiating new growth points, seeking more
diversified investment channels and expecting to learn from the best
international practices are also looking further afield.”
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PACE appoints
Thai Obayashi to
build MahaSamutr
Sorapoj Techakraisri (right),
CEO of PACE Development Corporation Plc, is pictured with Sompong
Chintawongvanich President of Thai Obayashi Corp. Ltd., during a contract
signing ceremony to award the structural work of the MahaSamutr development.
PACE Development Corporation Plc recently signed a
contract with Thai Obayashi Corp. Ltd., one of Thailand’s leading
contractors, for the latter to undertake the structural work of MahaSamutr,
a high-end villa and Hua Hin Country Club resort development that is set to
become a new landmark in the resort town.
Located on a 120-rai plot of land at Hua Hin Soi 112, the project is set
around Asia’s largest man-made clear-water lagoon covering an area of 45
rai. MahaSamutr will feature 90 villas, each covering 550-600 square metres
on a 200-square wah plot. Prices start from THB 35 million. To ensure
crystal-clear, turquoise water in the lagoon pool, the company has
commissioned Crystal Lagoons to constantly monitor and maintain the lagoon’s
water condition.
MahaSamutr performed a groundbreaking ceremony on 5th September 2013 and
sales of the development will begin in June next year. The project is
scheduled for completion in late 2014.
This computer graphic shows the
MahaSamutr resort clubhouse and lagoon pool.
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International-standard hotel
supply in Yangon to grow
by almost 65% this year
This photo shows the Peacock
Lounge of the Shangri-La Trader’s Hotel in Yangon, Myanmar. (Photo courtesy
Shangri-La International)
The latest study by professional real estate services
provider Jones Lang LaSalle, reveals there are almost 1,000
international-standard hotel rooms that are now under construction and
scheduled for completion in Yangon this year. The new supply represents a
65% increase from 2012 and will bring the total stock of
international-standard supply to some 2,500 rooms by the year end.
“The Yangon hotel market has continued to experience a severe shortage of
international-standard supply,” said Andrew Langdon, Executive Vice
President, Hotels and Hospitality Group at Jones Lang LaSalle in Thailand.
“Though the growth of new international standard supply in 2013 is
substantial, it is from a low base and will fail to fulfill the strong
growth of demand for quality hotel rooms in the city. International arrivals
to Yangon have witnessed a significant increase over the past few years and
are likely to rise further,” he explained.
International visitor arrivals to Yangon have grown rapidly achieving
year-on-year growth rates of 25.9%, 21.7% and 55.7% in 2010, 2011 and 2012,
respectively with 2012 witnessing 559,610 visitors.
“Visitor arrivals are expected to remain strong for the remainder of 2013 as
many hoteliers in Yangon report bookings near full capacity for the coming
high season during the final quarter of the year,” Langdon said.
On the supply side, statistics from Myanmar’s Ministry of Tourism show there
are currently slightly over 9,100 hotel rooms in Yangon. Nonetheless, only
1,500-2,000 rooms meet international standards, according to Jones Lang
LaSalle’s report.
The report also reveals that an additional 4,700 hotel rooms are planned for
completion between 2014 and 2017. Out of this number, some 2,100 rooms are
in projects that are now under construction.
Shangri-La, which operates the Trader’s Hotel, will open a Shangri-La Hotel
in 2016, in addition to a Shangri-La Residence which will be opened later
this year. Accor will open in the first quarter of 2014 the 366-room Novotel
Yangon Max hotel in two towers while Hilton Hotels have signed a management
agreement to manage the 300-room Hilton Yangon (in the mixed-use Centerpoint
Tower) which is scheduled to open in mid-2014.
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Best Western unveils major Indonesian expansion plan
An artist’s impression shows the
completed Best Western Premier Sunset Road Kuta.
Best Western International (BWI) has unveiled plans for
an extensive and fast-paced expansion across Indonesia to more than double
its portfolio across the country by the end of this year.
The company announced the plans last month in a press conference held at the
new upcoming flagship hotel in Bali, Best Western Premier Sunset Road Kuta -
the latest of four BWI properties on the ‘Island of God’.
Addressing local and international media at the event was Glenn de Souza,
BWI’s Vice President of International Operations for Asia & the Middle East.
“I am delighted to be unveiling Best Western International’s Indonesian
expansion at this stunning new hotel, the Best Western Premier Sunset Road
Kuta. This fantastic property represents exactly what we are trying to do
here in Indonesia: to create a range of vibrant, contemporary hotels that
cater to the modern traveler,” de Souza said.
“Right now we’re standing at an incredibly important period in the history
of Indonesia. Across the country, disposable income is rising and demand for
travel is increasing. And with the ASEAN Economic Community due to start in
2015, with Indonesia at its heart, this growth trajectory will only get
steeper in the coming years.
“Best Western International is in Indonesia for the long-term, and we plan
to form lasting relationships here, both with our guests and industry
partners,” he added.
Currently BWI has five hotels open and operational in Indonesia - one in
Jakarta, one in Semarang and three in Bali. But with a pipeline of 26 more
hotels across the country, BWI expects to be able to offer a portfolio of at
least 31 hotels by 2015, increasing its total inventory from just over 700
rooms to more than 6,000.
This expansion will include the opening of this new Best Western Premier
Sunset Road Kuta and five more hotels in Jakarta, including the launch of
the luxury Best Western Premier brand in the city, along with debut
properties in many key emerging cities across the country, including
Samarinda, Bogor, Pontianak and Malang.
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CP Land unveils retail/office development plans in preparation for AEC
Sunthorn Arunanondchai, President & CEO of CP Land
Plc (center) poses for a photo with Executive Vice President Somkiat
Ruentongdee and Vice President of Facility Management, Salya Mulasastra.
CP Land has revealed its business plan for the commercial development sector
in preparation for Thailand’s AEC participation, seeking to build office
buildings in major provincial cities and take advantage of the local
business booms.
The company already has strategically located property in Bangkok, including
CP Tower I (Silom), CP Tower II (Fortune Town) and CP Tower III (Phayathai),
which are well-linked with the metropolis’s transport systems. These
properties are drivers of robust corporate growth and through renovation the
company hopes to aggregate its annual revenue to THB 1bn.
Sunthorn Arunanondchai, President & CEO of CP Land Plc, has cast a positive
outlook for his firm’s office building and shopping centre businesses in
Thailand over the next three years, expressing his confidence that the
demand for rental space will rise due to increased foreign interests in
Bangkok and Thai office and retail space in general in the wake of the
formation of the Asean Economic Community in 2015.
“Thailand is strategically located in the centre of South East Asia, and it
is fully prepared to serve as the regional hub, thanks to corporate tax
privileges, which are attracting international firms. They are interested in
locating their offices here, and along with the government’s
decentralization policy and transport development projects, this will drive
the demand for rental space even higher. We also see very high growth
potential in the major provincial cities,” said Sunthorn.
CP Tower I in Silom, Bankok.
CP Land has invested in over 5,600 units of residential condominiums and
housing developments in 16 provinces in every region of the country. Somkiat
Ruentongdee, CP Land?s Executive Vice President, commented that his
company’s three-year investment plan focuses not only on residential
development in the provincial areas but also on development of office
buildings and shopping centres in major cities, including Khon Kaen,
Phitsanulok, Surat Thani, Nakhon Si Thammarat, Udon Thani, Nakhon
Ratchasima, etc.
“Six- to ten-storey office buildings will be built in the business districts
that offer convenient transportation,” said Somkiat. “CP Land aims to tap
the demand for office buildings among prospective customers in the provinces
who seek to impress and win trust from their business partners, and enjoy a
convenient work environment. The trend will be that many business firms will
abandon shophouse offices and move into modern, full facility based office
buildings,” he added.
CP Land’s office buildings in Bangkok are also generating impressive results
in both the CBD and non CBD areas, providing a total space of 4.6 million sq
m and over 90% occupancy rate, with per sq m rental rates that are
increasing every year.
For Bangkok shopping centres, the available space is over 5.9 million sq m
and the occupancy rate is over 95%, Somkiat said.
The company’s main Bangkok office building/shopping centre complexes,
namely, CP Tower I (Silom), CP Tower II (Fortune Town) and CP Tower III
(Phayathai), have recently undergone renovation and modernization of the
three buildings. While CP Tower II (Fortune Town), which consists of office
and retail shopping sections, has been upgraded to cater to the ongoing
formation of a new business and financial district along Ratchadaphisek
Road, two skywalks have been built to link CP Tower III (Phayathai) to the
Phayathai BTS and Airport-link skytrain stations. This has increased the
number of customers flowing into the building. In addition, by the end of
this year, the rental retail areas of CP Tower I (Silom) will also be
renovated to make them meet the expectation of customers.
Salya Mulasastra, CP Land’s Vice President of Facility Management, noted:
“We are confident that these three buildings, where the office and retail
space are 100% occupied, will be generating constant rental revenue for us.
The rental rates will also keep rising in the future, which will enable our
firm to achieve future revenue growth, and hit our target of THB 1bn.”
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Tulip Sign agreement with Hydro for glass facade at Waterfront
Jason Payne, Tulip Group Vice
President (2nd left) poses for a photo with Hydro’s Joe Sleiman, Lionel
Journe and Xavier Courboin.
Local property developer the Tulip Group has recently
signed an agreement with Hydro for Technal products for its world class high
rise condominium and hotel Waterfront Suites and Residences. Hydro will
supply a Technal Curtain wall system, along with all windows, sliding doors
and glass balustrade for the project.
Hydro is a global supplier of aluminum products and curtain wall glass
facade based in Norway. The company employs 22,000 people in more than 40
countries. Technal offers a range of innovative and technically advanced
curtain walling, window, door and low rise façade products developed to meet
specific requirements for enhanced thermal performance, design flexibility
and visual appeal.
“We are delighted to have signed this agreement with such a prestigious
company that offers amazing world class products. Tulip Group is committed
to delivering a stunning property to our valued buyers, but also to Pattaya,
being that this building will become an icon of the city due to its location
directly next to the ‘Pattaya’ sign,” said Jason Payne Vice President of
Tulip Group.
Work continues apace at the
Waterfront project in Pattaya.
Construction of the project continues at a fast pace, and
in order to increase the speed of the construction even further, Tulip Group
will start exterior façade works and installation of windows and doors, not
when the building structure is fully completed but floor by floor during the
construction of the structure.
“Unlike most developers who finish the complete structure before commencing
exterior façade works, we will close the building with exterior works every
5 floors. This not only quickly changes the exterior of the building, but
also allows us to commence interior works on each apartment far quicker,”
continued Payne.
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Centara to open first property in Africa
Thailand’s leading hotel operator, Centara Hotels &
Resorts, is to open its first property on the African continent following
the signing of a management contract for Centara Grand Addis Ababa Hotel
Ethiopia.
The contract was signed in Centara’s head office in Bangkok in July with
developers Yencomad Construction Plc, represented by Yemeru Nega, Mekdes
Ayele and Asamnew Barega Birgane.
The hotel is under construction and is expected to open in December 2017.
“We are very proud to be announcing our first hotel on the African
continent, and believe this reflects the growing reputation of the Centara
brand overseas,” said Thirayuth Chirathivat, Chief Executive Officer of
Centara Hotels & Resorts.
“Our Thai-style hospitality and our proven track record in hotel and resort
management are now increasingly accepted by international investors who know
they can rely upon Centara to attract guests from around the world to their
properties.”
Centara Hotels & Resorts is following a policy for growth in the Indian
Ocean region and strategic destinations in Africa. The company opened its
first resort in Mauritius early this year, and will be opening a second
under its premium five-star brand in December.
“We firmly believe that our track record as both an owner and management
company places us in a very advantageous position for expansion in Africa,
where there is enormous potential,” says Chris Bailey, Senior Vice President
of sales and marketing of Centara Hotels & Resorts.
“Ethiopia is an exciting destination and we believe that our reputation and
our Thai management style will combine with our growing customer base around
the world, generating global business for what will be an outstanding new
hotel in Addis Ababa, the capital city of Ethiopia”
Centara Grand Addis Ababa Hotel Ethiopia is a new-build property, located on
6,742 square metres of land at Africa Avenue. As part of Centara’s premium
five-star brand, the hotel will have at least 300 rooms, three restaurants
and one bar, and extensive meeting and banqueting facilities. A Spa
Cenvaree, fitness club, swimming pool and kids’ club will all be featured.
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Thailand’s best are celebrated at 2013 Thailand Property Awards
Jones Lang LaSalle the biggest winner on the night scooping five awards
Keith Storey, Group Sales
Manager for the Nova Group, holds 2 Highly Commended awards for Nova’s The
Cliff condominium and the Novana Residence in Pattaya. The company also won
Best Condominium Award (Eastern Seaboard) as joint developers of The Palm.
Thailand’s real estate industry came together on Thursday
19th September to acknowledge the best of the best at the 2013 Thailand
Property Awards gala dinner and awards presentation ceremony held at the
Centara Grand & Bangkok Convention Center at CentralWorld.
An engaging keynote address on sustainable design by award-winning architect
and professor, Jason Pomeroy, followed opening remarks by Terry Blackburn,
CEO of organisers Ensign Media, and set the tone for an exciting evening of
celebration.
Now in its eighth year, the awards organisers welcomed a new Chairman to the
Judging Panel this year, Sunchai Nuengsit, managing director of Buildersmart
Public Company Limited, and recognising the evolving nature of the industry,
introduced four new awards: Best Residential Development (Khao Yai), Best
Villa Rental Agent, Best Villa Architectural Design and Best Villa Interior
Design.
In total, 33 awards were on offer including regional awards for best
condominiums and villa developments on the Eastern Seaboard, in Hua Hin,
Phuket, Samui and Chiang Mai, as well as arguably the two most sought after
awards: Best Developer Thailand and Best Boutique Developer Thailand, and
for the third consecutive year Kalara Developments was crowned Best Boutique
Developer Thailand.
Mark Price, CEO of Savills
(Thailand) Ltd. takes the applause after his company was named Best Overseas
Agent.
Sansiri Public Company Limited scooped the prestigious
Best Developer Thailand award, and acknowledging Sansiri’s success, the
judging panel stated: “With 257 projects since 1984, Thailand’s Sansiri has
introduced numerous innovations and advancements in the luxury villa and
condominium sector, with customer satisfaction and lifestyle always at the
core of the company’s impressive achievements.”
Jones Lang LaSalle took home five trophies in the Real Estate Services
categories, winning Best Commercial Agent, Best Property Management Company
(Bangkok), Best Property Management Company (Resort), Best Property
Consultancy and Best Agency Deal.
“The awards that our firm has won represent well the recognition that we
have received from Thailand’s real estate industry and are a testament to
our commitment to providing an excellent service to our clients. They also
reaffirm our leading position in real estate services in Thailand,” said
Suphin Mechuchep, Managing Director of Jones Lang LaSalle.
Over the previous 12 month period, Jones Lang LaSalle secured more than
110,000 square meters of office space on behalf of tenants and landlords.
The firm also successfully concluded a number of major commercial asset
sales in Thailand for a combined value of more than THB 5 billion. Amongst
these was the sale of Laguna Phuket Beach Resort, for which Jones Lang
LaSalle won the Best Agency Deal.
Professor Jason Pomeroy
(standing bottom right) displays some innovative designs for energy saving
homes of the future during his keynote speech.
“The quality of nominations and entries this year was
exceptional and have pushed the bar ever higher, showing the growth and
diversity of Thailand’s robust real estate industry,” said Terry Blackburn,
CEO, Ensign Media Co. Ltd, organisers of the awards.
A thorough and rigorous judging process by an independent panel of judges,
with oversight by BDO Advisory, evaluated a record number of nominations and
entries this year. Those developments short-listed were then subject to site
inspections before the judging panel submitted their list of Winners and
Highly Commended developments and businesses to BDO Advisory for safe
keeping.
“That the judges and the judging process is independent is paramount for us
and has been the cornerstone to success for the awards since their inception
eight years ago. BDO Advisory have again overseen the entire process from
start to finish ensuring the judging process was undertaken fairly, without
bias or favour,” added Blackburn.
The only award not to follow the same procedure is Real Estate Personality
of the Year, which is decided upon by the editorial team at Property Report
Magazine, who this year recognised Sorapoj Techakraisri, CEO, PACE
Development Corporation for his bold and contemporary vision of modern
Bangkok encapsulated in the iconic MahaNakhon development.
A full list of Winners and Highly Commended at the 2013 Thailand Property
Awards can be found at:
www.thailandpropertyawards.com.
Suphin Mechuchep, Managing
Director of Jones Lang LaSalle (center) accepts the award for Best Agency
Deal for JLL’s sale of Laguna Phuket Beach Resort. Jones Lang LaSalle picked
up 5 winning awards during the evening.
Kingdom Property CEO Nigel
Cornick (left) presents the Real Estate Personality of the Year Award to
Sorapoj Techakraisri, CEO of PACE Development Corporation.
Sansiri Public Company Limited
scooped the prestigious Best Developer Thailand award.
Kalara Developments was once
again crowned as Best Boutique Developer Thailand.
Winston Gale (left) and business
partner Birathon Kasemsri Na Ayudaya (right) are all smiles after collecting
the Best Condominium (Eastern Seaboard) award for The Palm.
Mark Bowling (right) receives
the Best Residential Agent (Eastern Seaboard) on behalf of Colliers
International Thailand.
A new award this year went to
Toscana Valley Co., Ltd. for their Toscana Valley Town Square 1 development
in Khao Yai.
Vasant Chawla (left), CEO of
Quality Condominium Co., Ltd., accepts the award for Best Residential
Development (Chiang Mai) for The Resort Condominium.
Sompop Vanichsenee and Garanick
Vanichsenee (right & center), directors of the 66 Condominium project in
Pattaya, receive the Best Boutique Condo Development (Eastern Seaboard)
award on behalf of Thalay 66 Co. Ltd.
The award winners at the 2013
Thailand Property Awards pose for a group photo on stage at the conclusion
of the Gala Awards Dinner at the Centara Grand & Bangkok Convention Center,
Thursday, Sept. 19.
SODA (Thailand) Co. Ltd,
received the award for Best Hotel Architecture for their design of the W
Hotel Bangkok.
Raimon Land won Best Luxury Condo
Development (Bangkok) for 185 Rajadamri.
Kata Rocks picked up Best Condo
Development (Phuket).
The representatives of Samujana
Estate Company Limited were delighted to win Best Residential Development
(Samui) for their Samujana project.
Kingdom Property CEO Nigel
Cornick (center) used the event to introduce his company’s ‘Name it and Tag
it’ promotion for their new development in Wongamat, north Pattaya.
Alex and Irena De Ribas (left &
center) of the Russian Real Estate Magazine pose for a photo with Pratheep
“Peter” Malhotra, Pattaya Mail Media Group Managing Director.
Irina Breslavtseva (left),
Kingdom Property’s Vice President of Marketing, with Tony Malhotra, Managing
Director of Marketing Pattaya Mail Media Group.
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Lodha Group announces Trump Tower Mumbai
Trump Tower Mumbai.
Trump International, one of the world’s most iconic real
estate brands, is marking its entry into India’s commercial capital, Mumbai,
through a relationship with India’s largest real estate developer, the Lodha
Group. Trump Tower Mumbai will be the signature tower at The Park at Worli,
forming part of Lodha’s newly-launched 17.5 acre master-planned
neighbourhood.
“I am proud to announce Trump Tower Mumbai – which will be one of India’s
most luxurious residences. This incredible tower will offer the Indian
consumer the very best in exclusive living, in the heart of South Mumbai.
The Lodha Group, the developers of this project, are well known for their
iconic developments and I am looking forward to working with them to present
this masterpiece that will undoubtedly redefine the Mumbai skyline,” said
Donald J. Trump.
According to the developers, Trump Tower Mumbai will soar over 800 feet into
the city’s skyline providing stunning views of the Arabian Sea. A gleaming
golden edifice with a curtain-wall golden façade, the tower will offer
uber-luxe 3, 4 and 5 bedroom residences. The residences will come with
dazzling interiors including German Poggenpohl kitchens, 5-fixture master
bathrooms, indoor Jacuzzi tubs, built-in TV’s, an elite 7-level security
setup and the very best of every aspect of interior design. Residents will
have access to the exclusive 7 acres of the Park plus world-class concierge,
valet and facility management services.
“We are very excited to announce our association with the Trump Brand, one
of the world’s most respected and prominent real estate companies
representing the finest developments at the best locations,” said Abhishek
Lodha, Managing Director, Lodha Group.
“Through its iconic projects, Trump has changed the skyline of many global
cities including New York and we are confident that the Trump Tower Mumbai,
with its stunning design and prime location in Worli, will have the same
impact on Mumbai. With the world-class development and operating standards
set by Trump and Lodha Group’s leadership and superior expertise in luxury
real estate in India, the Trump Tower Mumbaiwill usher in a new standard of
branded luxury living in India,” added the Lodha chief.
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