Construction at Kingdom Property’s Southpoint condominium development in the Pratumnak area of Pattaya is currently moving forward bang on schedule, with the 30-storey Residence tower now already reaching up to level 16. Led by main contractor, Bouygues Thai, utilizing its modern construction techniques and best practices, the project is rising into the resort city’s skyline at the rate of over one level per week.
Kingdom Property CEO Nigel Cornick commented during a recent site media visit, “I’ve had personal experience of working alongside Bouygues Thai ever since The Lakes project in 2003 and I can vouch for the quality of their methods and procedures, from both a health & safety aspect and also with regards to the speed at which they work and complete projects on time. It’s something you would definitely notice if you were to walk around the construction site here at Southpoint.
From left: Nigel Cornick, CEO of Kingdom Property; Trever Antony, Development Director, Kingdom Property; Paul Strachan of Pattaya Mail Media Group; and David Johnson, Managing Director of Delivering Asia Communications, pose at the Southpoint construction site.
The media were also given a chance to visit the temporary camp where the Southpoint construction workers live. These areas are normally off-limits but it was evident that the 600-strong labour force was living in a congenial environment, with communal bathing & cooking areas that were both clean & hygienic.
An artist’s rendering shows the completed project.
Kingdom Property’s debut luxury development in Pattaya was launched around May 2012 and construction was started approx. 12 months later. The project is rising rapidly by the week and it is expected that the first tower will be topped out by September this year, with completion of structural work on the second 20-storey tower to follow in January 2015.
Unit fit-outs are already commencing on the lower floors, currently at level 4 and level 5 where air conditioning units are being installed, and the exterior façade is expected to be 50% complete on the Residence tower by Q3 2014.
Despite the recent political events in Thailand, Southpoint sales have remained steady says the Kingdom CEO.
“Sales at Southpoint have already reached about 67% of the total units available and despite the last few months having not been so conducive to attracting international investors, due to the political uncertainty in the country, we are confident that the real estate market will pick up again as we approach the high tourist season,” said Mr. Cornick.
Bouygues Thai utilizes the latest building techniques to ensure quality and precision in the construction process.
“We saw a large amount of interest from Chinese investors up until about October last year, and once things settle down here, from a political standpoint, we are sure the Chinese will return as they have a lot of capital to invest in real estate here in Thailand,” he added.
Southpoint is currently offering an exclusive loose furniture package for 10 units in the Residence tower in a special promotion. The furniture on offer is either from the iconic Swedish brand IKEA or the furniture displayed in the showroom. The package is applicable to studios, one-bedroom or two-bedroom units. The two-bedroom package includes beds and mattresses, bedside tables, a sofa, armchair, side table, rug, a dining table and three chairs, a coffee table, TV shelves, two 42 inch TVs and a refrigerator.
Entry levels for a studio unit at Southpoint are currently running at approx. THB 2.5 million, 1 bedroom at 3.5 million and 2 bedrooms at 5 million.
For more information, visit: www.southpointpattaya.com.