BUSINESS 
HEADLINES [click on headline to view story]: 

East Coast Real Estate Ltd. confirmed as main sales agent for City Garden Condominium

Raimon Land awards Northpoint piling contract to Thai Bauer Co. Ltd.

BOI sets deadline for auto producers to propose energy-saving car plans


East Coast Real Estate Ltd. confirmed as main sales agent for City Garden Condominium

Friday, December 1st, Mr. David Marsiano, the director of Shining Light Business Company Limited, the developers of the City Garden Condominium Project awarded a contract for the sales of the condominiums to Mr. David Gray, the Managing Director of East Coast Real Estate Co., Ltd.

David Marsiano awarding the sales contract to David Gray of East Coast Real Estate

The contract appoints East Coast Real Estate Co., Ltd. as the main sales agent for the project for the upcoming year.
The City Garden Condominium Project is a 5 building, 8-storey project in the heart of South Pattaya. The 333 condominium units vary in size from 36m2 studio apartments to 121m2 two bedroom units, all of which are tastefully decorated and finished.
The site office showroom is now open and has two very nicely finished mock-up units on display on the actual site which is situated in Soi 15, Pattaya 2nd Road.


Raimon Land awards Northpoint piling contract to Thai Bauer Co. Ltd.

(From left to right): Richard Bell, Managing Director Cornerstone Management Co.; Hans Brouwer, Northpoint Project designer & Managing Director of HB Design; Simon Lane, Director of Operations Cornerstone Management Co.; Mike Sinkinson, Managing Director Thai Bauer Co. & Nigel Cornick, CEO of Raimon Land.

Publicly listed residential developer Raimon Land announced November 24th that it has awarded the Piling contract for its Northpoint project in Pattaya, in the amount of 86,500,000 baht, to Thai Bauer Co. Ltd, a well-known and respected contractor with a long track record of major works in the Kingdom. Piling is expected to take 4 months.
Raimon Land CEO Mr. Nigel Cornick commented: “Northpoint had a memorable launch on November 18th and several guests purchased units. Over the coming months, construction activity on the site will assure buyers that the project will be on schedule to meet the completion date.”


BOI sets deadline for auto producers to propose energy-saving car plans

Eleven automobile manufacturers in Thailand have until the end of the year to put forward their initial investment plans to produce energy-saving vehicles if they wish to be entitled to government tax incentives, according to the head of the Board of Investment.
BOI secretary-general Satit Chanjavanakul told representatives of major car producers at a meeting recently that a working group would be set up to consider individual investment plans before drafting a list of possible tax benefits and appropriate eligibility criteria.
Mr Satit said major car manufacturers Toyota, Honda, Isuzu, Nissan, Mazda, GM and Ford have expressed interest in manufacturing energy-saving cars in Thailand, but they may need to consult their headquarters overseas.
The BOI chief added that the local subsidiaries have until the end of the year to submit their initial investment plans. By the first quarter next year, it would become clear whether a new generation of energy-efficient cars would be manufactured in Thailand, he said.
Satit also disclosed that Kosit Panpiemras, deputy prime minister and industry minister, is to visit Japan soon. He is expected to invite Japanese auto giants to also make energy-saving cars in Thailand. (TNA)