Property - Real Estate
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Pattaya property market showing signs of recovery

Raimon Land launches Private Residence Clubs in Thailand

On-line property investors rush to buy the best Monopoly property in the world


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Pattaya property market showing signs of recovery

Wareejinda Co,Ltd. PR
Pattaya is awash with building projects right now; some are on hold temporarily, some have stopped completely, however even in these tough times some developments continue full scale marketing campaigns and are seeing encouraging results.
Luxury property developer, Raimon Land, has recorded impressive sales growth for its Northpoint project on prime beachfront land in Pattaya, bucking the trend of Thailand’s overall property sales performance.
As of July, the company has sold 72% of the 376 residential units in the award-winning development on North Pattaya’s prestigious Wong-Amat Beach. Due to open in early 2010, Northpoint’s two towers of 54 and 46 storeys have achieved sales of THB 3.3 billion, with 269 units sold.
Raimon Land Chief Executive Officer, Hubert Viriot, said the positive sales clearly show that property buyers remain confident in Pattaya’s luxury real estate market and in a resort destination just 90 minutes’ drive from Suvarnabhumi International Airport. “These results demonstrate a belief amongst investors and ourselves in the destination, which is driven by its location, the increasing number of five-star hotels, new retail developments, and the great outdoors lifestyle available” Viriot said.
Located on 80-metres of beachfront amid tiered horizon pools and specially zoned sun decks, Northpoint also features spectacular Sky Gardens, state-of-the-art fitness facilities, a kids’ playground and lush greenery.
The Cove is another project showing no signs of slowing down with construction ahead of schedule. In a recent article in “Real Estate Magazine”, Petch Property CEO Itthi Chavalittamrong stated that 43 of 103 units have been sold and although price per sqm in Pattaya has dropped to an average of THB 93,744, prices at the Cove have remained consistent at an average of THB 150,000/sqm.
In a lower price range Iguana are ahead of schedule with their Park Lane development and marketing and sales continue to be steady.
Apus Condominium is another development that seems to be progressing very strongly. Marketing Director Jason Payne claimed that September was one of their most successful months to date. Over 400 interested parties registered interest by visiting their sales offices or made contact by email. Sales were also very encouraging with bookings confirmed at 14 units for September.
Payne was quoted as saying, “Interest in a quality product and priced correctly will always be steady from investors, even in the more difficult times”
He said he also felt the reason why Apus Condominium had not really seen a downturn in their business was that Investors could see that the project is ahead of schedule, and that Apus is very proactive in their Marketing, which he felt gave Investors confidence. In the first 6 months of this year, since construction began, Apus had achieved 35% sales, however in the last 3 months they have seen that figure rise to just over 65%.
This seems to be the case with other developments in the city that appear to be weathering the down turn; all are actively building their projects, all seem to be ahead of schedule and they also seem to have very active marketing departments.
Just a small amount of Pattaya developers have been highlighted here but on the evidence of this group, maybe Pattaya is seeing an upturn in business, or is that these developers are helping create a positive mood within the property sector in Pattaya and that is the reason why they are all experiencing very encouraging sales figures. We will wait and see.


Raimon Land launches Private Residence Clubs in Thailand

Luxury property developer Raimon Land has announced a diversification of its product portfolio through the launch of its first lifestyle products: The Heights Private Residence Club, Northpoint Private Residence Club and The River Private Residence Club.
The Private Residence Clubs will initially include three of Raimon Land’s properties in Thailand’s most sought-after destinations. Each home within the Clubs is divided into saleable fractions of 1/13th. This fraction entitles owners to enjoy a minimum of 21 days per year at the Club in which they purchase as well as unlimited use of space available time. Additionally, owners will have access to a greater network of properties through The Registry Collection and IFA Collection. Ownership is in perpetuity and can be sold at any time.

(From Left): Jeff Tisdall, Managing Director, RCI Middle East, Hubert Viriot, Raimon Land CEO, and Piaras Moriarty, Vice President Client Management with IFA Hotels and Resorts at the official announcement of the new Private Residence Clubs in Thailand.

Private Residence Clubs represent the top tier of fractional ownership products and are among the fastest growing sectors of the real estate and hospitality industries. It is an innovative form of ownership that appeals to those who want the security and advantages of an equity-based private club along with the benefits of owning luxuriously appointed, prime real estate.
Piaras Moriarty, Vice President Client Management with IFA Hotels & Resorts in the Middle East, said: “Owners in the Clubs will have access not only to their selected property in Thailand, but can also exchange their days for access to over 160 properties through the IFA Collection and The Registry Collection. Likewise, the addition of these Private Residence Clubs provides our IFA Collection clients access to three great new vacation options in Thailand.”
The IFA Collection consists of a luxury portfolio of international properties developed by IFA Hotels & Resorts, a major shareholder in Raimon Land and an international specialist in the development of mixed-use resorts.
Each of the Thai Private Residence Clubs offers a sanctuary of elegance and sophistication specifically created to cater to the desires of its owners, which have been designed, constructed and finished by the very best award-winning teams in Asia and are furnished and equipped to the highest international standards. Owners also enjoy unparalleled service when in residence with dedicated staff available to pre-stock kitchens, book leisure excursions or make dining reservations and arrange babysitters, laundry, transportation and even a private chef when required.
“We are extremely excited by the addition of the Raimon Land’s Private Residence Clubs to the IFA Collection and its expansion into Asia. Raimon Land and IFA Hotels & Resorts are synonymous with quality and these three extraordinary properties offer the level of luxury vacation experience we aim to deliver to our members through The Registry Collection”, commented Geoff Ballotti, President and CEO, Group RCI.


On-line property investors rush to buy the best Monopoly property in the world

Real estate investors who are a bit nervous of splashing out because of the global economic downturn can now try to buy almost any street in the world with a new on-line version of the popular property game Monopoly.
A massive on-line, multi-player version of the Monopoly games has been launched by toymaker Hasbro and Google. The free game will last until the end of the year and uses Google Maps as the playing board.
The toymaker claims it will be the biggest game of Monopoly of all time and will allow players to purchase almost any street in the world.
The goal of the game of chance, like the real-world version, is to earn money on real estate and become the richest property magnate.
New players are given three million Monopoly dollars to build their virtual empire with every street in the world, in theory, available for purchase.
Once a player has taken control of a street, they are able to charge rent and build new virtual properties.
Streets can also be traded and sold with other players.
There are even the usual Chance cards but the on-line version is different in that it allows players to sabotage neighbouring rivals by building rubbish dumps, prisons or wind farms on their property to reduce the rent value of their neighbours.
Players can only remove a hazard by bulldozing it off their property by using other Chance cards.
Anyone interested in taking part can get access to the game at www.monopolycity streets.com. (Source - Property Wire)