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The Avenue Residence nears completion
Almost there! The final stages of completion are well
underway at The Avenue Residence in Pattaya and some of the buyers are in their
rooms almost daily with tape measures in their hands and colour schemes in their
minds ready for their moving in dates.
 Each
unit comes complete with a free kitchen, air conditioning and luxury bathroom.
The development is already 75% sold before construction is completed, a good
sign for the developers, The Nova Group, and also a justice to them, they
obviously got it right!
Once you take a look around The Avenue Residence you will see for yourself that
it is a modern town development with unit sizes that make sense and give buyers
great value for their money. The building is designed with safety and
convenience in mind, and all units have balconies and large windows to maximize
airflow and lighting.
At The Avenue Residence you can simply step out of your room and find they are
making sure you have everything on your door step with facilities including a 15
meter pool, an extensively equipped gym, lifts, restaurant, beauty parlor and
massage service. They also have underground parking and three luxury lobbies
(one for each building) with 24-hour security.
 An
artist’s rendering shows The Avenue Residence in Pattaya.
There are three room sizes at The Avenue Residence, a 46.61sqm 1 bedroom, a
44.76sqm 1 bedroom and a 34.45sqm Studio. All of the rooms include a free
kitchen, free air conditioning and free luxury bathroom. All are finished to a
very high standard with quality tiling and fittings. View the on-site showrooms
just to see what can be done with a little bit of imagination, they look truly
stunning.
The location too is superb at The Avenue Residence, you could simply not ask for
a better down town location. They are situated at the rear entrance to the
popular Avenue shopping complex, incorporating a cinema multiplex, a bowling
alley, the famous Villa Supermarket, as well as various bars, restaurants and
shops. They are also only 500 meters from Royal Garden Plaza shopping center and
not forgetting the beach, which is also only 500 meters away. With such great
amenities all within walking distance, you can be sure your investment will
return you high yields.
Buyers can select from a choice of
Studio or 1 bedroom apartments.
Soho Properties set to become
King Sturges’ sole agent in Thailand
According to property sources in the UK, there are an increasing number of Asian
investors looking to purchase property in the UK. Due to the drop in property
prices and the large increase in some Asian currencies against the pound, it
makes them more affordable and a sound investment.
According to the Guardian newspaper, the Nationwide building society has
said house prices in the UK rose by 1.6% in August 2009: “The chief reason why
house prices have not fallen by as much as many of us expected is that, unlike
the early 1990s, interest rates are extraordinarily low. At the same time, banks
are being more cautious about repossessions, because it’s the people who now own
the banks.”
It seems that one of the main reasons house prices are rising again is that
mortgage lending has not been extended to investors without significant
deposits. The average price of a home is now £160,224 (nearly 9m baht), or 14.4%
below the October 2007 peak. The Nationwide said a key factor in lifting prices
was “the exceptionally low level of interest rates”, which have been kept at
0.5%.
Gary Smith, president of the National Association of Estate Agents, said: “The
latest statistics from Nationwide appear to confirm that the housing market has
finally bottomed out and indications are that we are hopefully moving to a point
where the gradual recovery in prices witnessed this year will be sustained.
“With interest rates at historically low levels and unemployment on the rise,
but when interest rates start to normalise, it could possibly result in a surge
of properties coming onto the market as people are forced to sell. This, in
turn, would mean that as higher interest rates emerge, finance will become more
expensive, which will reduce demand and again apply downward pressure on
prices.”
King Sturge, a leading supplier of property services in the UK industrial,
office, retail, hotels and leisure, healthcare and residential sectors, are
experts in residential land and mixed-use developments and also offer a complete
range of financial services to the property sector
King Sturge is the market leader in holding exhibitions across Asia to attract
property buyers into the UK market. The team has a combined experience in excess
of 45 years and counts all of London’s major housebuilders amongst its clients.
According to James Talbot, a partner in the firm: “We continue to hold
successful exhibitions in Hong Kong, Singapore and Kuala Lumpur. We are also
holding seminars on buying property in London. Since April this year we have
sold in excess of £130m worth of London property to Asian buyers.”
Due to the rising demand of London properties with Asian buyers, they have also
started to look at other not so traditional areas. One of these areas is
Thailand, where they have screened a number of local and International agents
and have decided to team up with Soho Properties due to their in-depth local
knowledge and enthusiasm.
According to Managing Director of Soho Properties Chris Heath: “As recently as
October 2007 the Thai baht was worth seventy-three baht to the pound, today we
have seen the baht grow in strength and the rate is currently 54 baht. This in
turn has seen increased purchasing power for Thai buyers providing an excellent
opportunity to invest in a world city like London, a city which has a
foreigner-friendly policy including no capital gains tax, buying restrictions or
selling restrictions.
As such, Soho Properties and King Sturge have agreed to work on London property
exhibitions on an exclusive basis in Thailand. They have some exciting projects
lined up for 2010, including a project by the well-respected UK property
developers Berkeley Homes’ No1 Tower Bridge Road, which lies next to City Hall
on the south of the River Thames adjacent to Tower Bridge and opposite the Tower
of London - and in their opinion “the best residential developments to come to
market for many years and undoubtedly likely to receive a huge international
demand, particularly given such a world famous address and location.”
(Source PR-Log)
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