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Chateau Dale Tropical Villas:
an oasis in the heart of Jomtien
The villas feature open-plan
living rooms that lead on to modern,
fully equipped kitchens and spacious dining areas.
Chateau Dale Tropical Villas is an exclusive development of
fourteen 2-bedroom villas set in a tropical environment offering maximum comfort
and relaxation. These fully air conditioned properties are located in the heart
of Jomtien, just south of Pattaya. The area, previously a tropical resort, has
been tastefully restored into top quality private villas.
The practical layout of these stylish homes have an open-plan living room with a
modern kitchen equipped with hob, oven, dishwasher, fridge-freezer,
multi-function microwave and a dining area for 4 people.
From the living area you can access your private patio to enjoy the peaceful
tropical garden. The ground floor also features a large guest bedroom with built
in wardrobes and a guest bathroom with an adjoined, fully functional laundry
room.
The talking point of your home could be one of many, from the cleverly designed
lighting system creating your own ambience to the beautiful master bedroom with
vaulted ceiling, soft-loft-office area and built-in wardrobe, to your own
spacious en-suite bathroom or private terrace.
The location is also inspired!
Chateau Dale Tropical Villas is a unique complex in Jomtien, ideally located
between south Pattaya and Jomtien Beach. Within easy reach of taxis, 24-hr food
market, a new high-end spa and many five-star restaurants, this truly is a
desirable area yet it still remains tucked away … a tropical treasure!
The facilities are perfect: a beautiful, tropical garden with large
communal swimming pool and on-site maintenance and security managed by the
highly reliable and efficient ESC (European Safety Concepts) team.
House price
The price for the villas start at 7,900,000 Baht for a semi-detached or
8,400,000 Baht for a detached (stand alone) villa.
Note: If you require any more assistance or information on Chateau
Dale Tropical Villas please contact Alan Bolton Property Consultants on 081 996
2489 or email [email protected]
Häfele booth wins the ‘Unplugged Award’ at the Architect Expo 2008
Representatives of Hafele
Thailand Limited receive the ‘Unplugged Award’ at the Architect Expo 2008 event
in Bangkok.
Hafele Thailand Limited, a subsidiary of the Häfele
companies, recently won the ‘Unplugged Award’ for their booth at the Architect
Expo 2008 held in Bangkok over the period April 30-May 5. The exposition was the
largest event for architectural innovation held in Asia.
The Häfele booth displayed a vast range of the company’s products and services,
focusing on ways to conserve the environment by using environmentally friendly
materials and energy saving concepts.
Häfele is a partner to the wood processing trade, the furniture industry,
architects, planners and property developers with a product range that includes
kitchen, sanitary and furniture fittings, architectural hardware and security
systems.
Hafele Thailand Limited has design showrooms in Bangkok, Pattaya, Hua Hin and
Phuket.
Long leases will help Thai
property market
Tourism is critical to the Thai economy with income generated
from tourism being a significant portion of the country’s GDP. This share is
likely to grow further. In line with global trends, there is a growing demand
for resort homes among tourists who spend long durations in the country and
among expatriate retirees - typically high net worth individuals from America,
Europe and Asia.
Due to the longer stay - usually one month to three months in a year - they
spend four to five times more during their visits compared to other tourists.
This target group is therefore a segment that Thailand should focus on, aiming
for quality over quantity.
Ninety-nine per cent of the buyers of high-end resort homes - priced at US$
3million (Bt94.5 million) to $10 million - are foreigners.
However, Thailand does not allow non-Thais to own freehold land and restricts
the lease term allowed by law to a maximum of 30 years.
It is quite common for such buyers to purchase villas in Thai resort areas on
leases of 30 years, along with two to three options for renewal by 30 years each
(30+30+30), and the prices turn out to be similar to the freehold value.
However, with this structure of lease, in the 30th year, 60th year and 90th
year, both the freehold owner and the lessee will need to physically contact
each other to renew the lease even though the full price has been paid.
It would therefore be beneficial to all parties if a more straightforward and
simpler process was established to allow a longer lease term to foreigners. We
believe the most suitable lease period is 99 years, which would mean that such
leasehold properties could be sold at close to freehold values. The lease would
be registered for 99 years with the land department upon the payment of the
lease value. This would make Thailand more attractive to overseas investors than
other Asian countries and would definitely generate more demand for resort homes
in Thailand in the mid- and high-end market.
In other markets such as Vietnam, which is one of Thailand’s major competitors
in the tourism and real-estate industry, 70-year leases are being offered to
foreigners, with options of multiple extensions.
Meanwhile, China offers up to a maximum of 70 years and Singapore, in some
promoted areas such as Sentosa Cove, offers 99-year leases to foreigners.
Malaysia offers both freehold and 99-year leases to foreigners depending on the
location. In Europe, lease terms of 99 years are common.
The extension of the lease term for foreigners will also benefit the investment
market. As of now, foreign institutional investors, such as foreign property
funds, who would like to invest in large office buildings or hotels may bypass
Thailand, where freehold ownership is not permitted and the existing lease term
of 30 years is too short for it to be economically viable to own or develop
large projects. Longer leases would encourage investors to acquire properties.
To strengthen the real-estate market in the long term, the fundamentals of the
law and regulations should be updated according to the changing market
environment. Such regulations could be applied to specific segments of the
market that require changes to be made to match demand. If the government is
considering other measures to help the real-estate market and long-stay tourism,
it should address the issue of extending lease terms for foreign buyers.
Note: This report was complied by Aliwassa Pathnadabutr - Managing
Director of CB Richard Ellis Thailand.
Thailand Property
Awards 2008 announced
Ensign Media, organisers of the Thailand Property Awards,
recently announced that the 2008 Thailand Property Awards gala dinner will be on
Saturday 15th November at the Conrad Bangkok.
Launched in 2006 by Ensign Media, the Thailand Property Awards celebrate the
high quality of Thailand´s real estate industry and acknowledge the best of the
best in defined award categories.
“The awards are now in their third year and they have been well-received by the
industry. We recognise the fast pace of development the industry has shown
nationwide and the awards are developing in tandem with this. Last year we
introduced an online entry and judging system previously unheard of for national
award systems, and this year we are looking at further innovations,” said Duncan
Worthington, Managing Director of Ensign Media.
There are expected to be changes to the nomination, entry and judging process,
and also a number of new award categories will be introduced.
“We received constructive feedback last year from a number of sources and are
taking these comments on board. We are considering setting up judging committees
in each of the main provincial markets to encourage more local knowledge in the
judging process, as well as allow face-to-face meetings and site visits. The
whole nomination, entry and judging process will be finalised soon and we will
then announce it to the industry,” added Worthington.
“And we are considering introducing some new categories to reflect the growing
diversity of the industry,” concluded Worthington.
BDO Richfield are to independently verify the entire nomination, entry and
judging procedure, and confirm the winners prior to the gala dinner on Saturday
15th November at the Conrad Bangkok. Tickets to the gala dinner will be
available soon. For more details see the official website www.thailand
propertyawards.com, or email: [email protected].
Formula 1 champ heads
to Phuket for Serenity
Kimi Raikkonen invests in premium resort Serenity Terraces, Rawai
In the world of fast cars and jet setting, even adrenaline
junkies need a place for refuge. For Formula 1 world champion Kimi Raikkonen,
that place is a coveted oceanfront property in Serenity Terraces, Phuket.
Overlooking the pristine shores of Chalong Bay, Rawai beach, the Serenity
Terraces Resort Condominiums and Villas project will feature an exciting mix of
apartments, penthouses and absolute beachfront villas complemented by full
five-star facilities including a large clubhouse with pool, a gym, spa, bar and
restaurant.
Announcing his decision to invest in Serenity, Raikkonen says, “I am delighted
with this unique opportunity to own a secured private waterfront residence in
Phuket.” When representatives of the Serenity team presented this project, I was
immediately impressed by the location, its design, and the strong team behind
the development- always a key decision factor.
“I am really looking forward to enjoying the rare vacations away from the track,
in this hideaway beachfront community.”
Ramesh K. Hamal, director of Green Heritage Group, who negotiated the investment
said, “To have a high-profile sports personality such as Kimi investing in this
project is not only good news for Serenity Terraces, but also for Phuket’s
increasingly luxurious profile among discerning international buyers looking for
the best private residences and lifestyle.”
Raikkonen joins a growing band of high profile buyers into the Kingdom’s real
estate market including in recent times Manchester City football club manager
Sven-Goran Eriksson and Chelsea’s Joe Cole.
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