Riviera Group secures 520-million-baht loan from SCB

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Anol Eaksil SVP, Corporate Banking 2 - East, Suparp Kuhapensaeng Relationship Manager, Corporate Banking 2 - East and Sommai Ungsrithong, FSVP, Corporate Banking 2 Function together with Sukanya and Winston Gale give the ‘thumbs up’ after the multimillion-baht loan contract was signed, sealed and delivered.
Anol Eaksil SVP, Corporate Banking 2 – East, Suparp Kuhapensaeng Relationship Manager, Corporate Banking 2 – East and Sommai Ungsrithong, FSVP, Corporate Banking 2 Function together with Sukanya and Winston Gale give the ‘thumbs up’ after the multimillion-baht loan contract was signed, sealed and delivered.

The Riviera Group, Pattaya’s leading Luxury property developers signed a Construction Bank Finance deal for 520 million baht (US$ 16.8 million) with Siam Commercial Bank on 31 July, 2019. This loan is for the final construction phase of The Riviera Monaco.

Riviera Group Owners Winston and Sukanya Gale said, “We have worked with SCB for over 8 years and I am happy to see the trust and business ties between both parties growing from strength to strength. This is the 4th major deal we have made with SCB totalling a hefty sum of 3.28 billion baht.

Construction of The Riviera Monaco is progressing at a steady pace and is scheduled to be completed in 2021.
Construction of The Riviera Monaco is progressing at a steady pace and is scheduled to be completed in 2021.

The Riviera Monaco is a 40-storey luxury condominium built on a 3-rai plot of land, offers 412 units of different sizes. The exceptional design and architecture of this unique, modern and sophisticate building ensures that that 77% of the units will have unobstructed views of the sea.

The Riviera Monaco is also just minutes from the beach as well as main routes for those who prefer convenience. The project is family friendly with plenty of recreational facilities for children and adults.

An ‘Elegant Class Above’ the Riviera Monaca is scheduled to be completed in 2021 and is certain to become another high-end property others will follow in Jomtien.