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New 70 million baht condo gets official launch
The executive team from LK Group
introduce
their new development to the public.
Sawittree Namwiwatsuk
Property developers the LK Group held a reception on June 23 at the Mantra Pura
Resort and Spa in North Pattaya to launch their latest project, the LK Legend
condominium.
Managing director of LK Legend Co Ltd., Porn-Uma Ratanachet acted as host, with
project administrator Pornpana Kasemkiatisakul and sales and marketing manager
Norawee Sawangnet amongst those present.
Norawee said that LK Legend is located on an area of approximately 10 rai on Soi
Arunothai, opposite the Carrefour Shopping Center on Pattaya Central Road. The
construction budget is more than 70 million baht and the project, which consists
of four buildings each of seven stories, is already 70 percent complete.
The units are competitively priced, starting at 34,500 baht per sq m, and with
some priced at 40,000 baht. This price is suitable for those who require an
inexpensive yet quality residence located in the heart of town. The development
has a swimming pool, a clubhouse, a bar and restaurant, wifi Internet, steam and
sauna rooms, a 24-hour security guard, and CCTV.
Norawee said that LK Legend would be partially ready by the end of this year,
with completion at the end of 2009.
Building A already has 20 units booked (10 percent), and this was considered to
be a good response from the market.
Raimon Land secures Bt 5 billion project loan for The River
Pictured from left to right:
Fergal Harris, Regional Head, Commercial Real Estate, South Asia of Standard
Chartered Bank; Blake Olafson, Senior Vice President of Lehman Brother’s Global
Real Estate Group; Nigel J Cornick, Chief Executive Officer of Raimon Land;
Margaret Leung, Head, of Origination & Client Coverage for Standard Chartered
Bank (Thai) PCL; Luecha Sukrasebya, Executive Vice President of TMB Bank Plc and
Jaree Wuthisanti, First Executive Vice President of Siam City Bank Plc.
Raimon Land has secured a Baht 5 billion project loan for The
River, the company’s largest project to date. The loan is a syndicated facility
provided by Standard Chartered Bank (Thai) Plc (lead), TMB Bank Plc and Siam
City Bank. Plc. It will be used to fund the development cost of The River.
The River, located on the banks of the Chao Phraya River, has a target sales
value of around Baht 13 billion. Pre-launched in March 2007, the piling for the
250-metre-tall structure has been completed. The value of unit sales to date has
already exceeded Baht 7,000 million or about 54% of the total project value.
Chief Executive Officer, Nigel John Cornick, commented:
“Despite the difficult economic and political climate, Raimon Land and our
partners in The River have been able to secure a Baht 5 billion development loan
to support the cost of development. The project is on progress to be completed
and ready for transfer by 2011.”
Temperatures rising at Ravindra Resort
Jui Waruttaya and Kratae Supaksaon call in for a vacation
Jui and Kratae enjoy their stay
at The Ravindra Beach Resort and Spa.
The Ravindra Beach Resort and Spa recently got even hotter
than the scorching weather when 2 beautiful TV idols, Jui Waruttaya Nilkuha and
Kratae Supaksaon Chaimongkol, descended on Pattaya and checked into the resort
to while away a few days relaxing at the pool and enjoying the delicacies served
up at the onsite Reva Restaurant.
The girls both said they admired the beautiful natural setting of the resort and
wouldn’t hesitate to call in again when next up Pattaya way.
Thanet Supornsahasrungsi (Executive Director of Ravindra Beach Resort and Spa)
is a keen supporter of natural tourism projects and hopes that resorts such as
Ravinda will help to highlight the natural beauty of Pattaya’s environs and will
be enjoyed by both Thai and foreign visitors alike.
Golf tournament introduces
the Lakes at Phoenix
(Right) An artist’s impression
shows the exterior view of the Lakes at Phoenix development.
The Lakes Golf Tournament 2008 was held for the first time on
June 15 at Phoenix Golf Course exclusively for existing owners and potential
buyers of The Lakes at Phoenix, a resort-style condominium located at the heart
of Phoenix Golf Course, Bang Saray, Pattaya. Arthur Napolitano, Senior Vice
President – Business Development of Evolution Capital PCL, was present to
oversee the exciting event.
The tournament was held in the spirit of friendly competition and was enjoyed by
all those who took part. The 40 competitors gathered before the tee-off at 12.00
and each received a trophy from The Lakes at Phoenix. After the 18-hole
tournament, an outdoor party was held at the show units to introduce The Lakes
at Phoenix and special promotions to the customers attending the event. Many
prizes were given away during the party.
The Lakes at Phoenix occupies over 14 rai of prime real estate. Designed as a
low-rise freehold condominium featuring two 7-storey buildings of total 118
units, the options include one-bedroom 70 square metre units, two-bedroom 120
square metre units, three-bedroom 180 square metre units, and 205-270 square
metre penthouse suites.
The Lakes show unit at Pattaya is open daily. For priority reservation or to
arrange a private preview, interested parties can call 02 207 2980 or email
info@thelakesatphoenix .com, website www.thelakesat phoenix.com
The players gather on the tee for
the Lakes Golf Tournament 2008.
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