Thailand real estate developer, Kingdom Property, has received Environmental Impact Assessment (EIA) approval for its landmark Southpoint condominium project in Pattaya.
Already with a project pipeline valued at THB10 billion in Pattaya alone, Kingdom Property is rapidly emerging as a major property developer on the Eastern Seaboard.
Southpoint Pattaya, the debut development by Kingdom Property, will offer magnificent views from its prestigious location on Pratamnak Hill.
Southpoint Pattaya is located a short distance south of Bali Hai in Pattaya City, on an elevated site on Pratamnak Hill, offering extensive sea views and within walking distance of the Royal Varuna Yacht Club. The THB2.5 billion-valued development is on a four rai freehold plot and will be completed in 2015.
Project finance to build the 672-unit condominium has been provided by Krung Thai Bank, Thailand’s largest financial institution, for which the site has already been cleared with construction scheduled for the first quarter of 2013.
The project is led by Kingdom Property Chief Executive Officer Nigel Cornick, and supported by an impressive development team. This includes SODA (design), The Beaumont Partnership (master planning), Colin K. Okashimo and Associates (landscape) and Meinhardt (MEP and structural engineering) ensuring Southpoint will be of the highest quality and delivered on time to all original specifications.
An exclusive development just a short walk from the Royal Varuna Yacht Club – Southpoint Pattaya is now open for pre-sales.
“We are delighted to achieve the go ahead for the project having gone through the rigorous EIA procedure and we are now looking forward to building an outstanding condominium development,” said Cornick. “We have a dedicated team with an impressive track record and will be announcing our construction partner soon.”
“Early sales interest in the project has been very strong – particularly from Thailand and key tourist nationalities such as Russian and Chinese – and we are very confident in the success of Southpoint, and in the strength of the destination. As of today we are officially open for pre-sales.”
Unit sizes start from studios of 30sqm, with one-bedroom units ranging from 41sqm to 87sqm and two-bedroom units ranging from 61sqm to 97sqm. Prices range from THB65,000 to THB100,000 per square metre. The condominium includes a dedicated sky deck in each tower with an infinity edge lap pool and fitness centre along with a landscaped family zone featuring a children’s pool and playground.
Cornick is the former CEO of Raimon Land, a company he took from the severe post Asian financial crisis a decade ago to become the country’s most renowned luxury condominium developer. Under his leadership Raimon Land won a record 10 awards for iconic projects including The River in Bangkok, Northpoint in Pattaya and The Heights in Phuket, including the Best Developer Award at the Thailand Property Awards for an unprecedented two consecutive years.
His association with Pattaya stretches back a decade, when he recognized the huge opportunities of developing high quality condominium projects in prime locations – launching Northshore in 2004 and Northpoint in 2006.
For Southpoint Pattaya sales enquiries please visit: www.southpointpattaya.com or email: [email protected] property.com or call the Pattaya Sales Office tel: +66 (0) 38 416 441.