Pattaya City Mayor Itthipol
Khunplome, center,
cuts the ribbon at the grand official opening.
Luxury condominium developer, Raimon Land, has launched The
Lofts Southshore in Pattaya, bringing Bangkok’s well-established “The Lofts”
lifestyle concept of providing a quality modern urban design and functionality
at an affordable price to the Kingdom’s most popular beach resort.
Mayor
Itthipol, right, presents a celebratory bouquet to Raimon Land CEO Nigel Cornick
at the official launch party.
The Lofts Southshore site is perched on a hillside in the Khao Pratamnak area
overlooking Pattaya Bay, and offers stunning 360-degree views of the sea,
Pattaya City and surrounding area just minutes from downtown and the beach.
At the quick pace that investors are buying new condominiums coming onto the
market in Pattaya, The Lofts Southshore is certain to attract plenty of interest
from smart investors.
Raimon Land Chief Executive Officer, Nigel Cornick, said: “The Lofts Southshore
is a high-quality, affordable development that combines traditional notions of
resort living with a modern urban lifestyle. It provides unrivalled facilities
at affordable prices with the potential of returning strong capital gains and
high rental yields, especially for those who get in early.
Pattaya
Mail’s Suwannathep (Tony) Malhotra, left, presents flowers to Raimon Land’s
Rajneeporn Bishop, Director of Operations Eastern Seaboard, and Henri Young,
Director of Sales and Marketing to congratulate them on the launch of the new
project.
“I am quite confident that those who purchase these condominiums off-plan will
enjoy significant gains on their investment for years to come.”
With prices starting at THB 2.9 million, The Lofts Southshore condominiums range
from 33-square-metre (sqm) studios to one-, two- and three-bedroom units between
58-169sqm. Duplexes are also available as are spacious 282-308sqm penthouses
with private gardens. Construction will start in the fourth quarter of 2008 and
the project will be completed by 2011.
Raimon Land conducted the grand opening of The Lofts Southshore show suites on
July 17 at The Avenue Pattaya, followed by an evening celebration at the
developer’s Northpoint project.
Nigel Cornick also pointed to Raimon Land’s 187-unit Northshore project, which
was launched in 2004 and sold out before its completion in 2006.
“Northshore was our first project in Pattaya and we have seen values increase by
70% to 80%. It also set a benchmark for the Pattaya market with a resale in
January this year for a seafront unit that fetched THB180,000 per square metre,”
he said.
“The reason for the increasing rates is largely due to a very limited supply of
high-quality condominiums. Prices are set to continue to rise, and no more than
1,000 to 1,200 units that have currently broken ground will be completed over
the next three years,” Cornick said.
Pattaya’s strong performance as a luxury property destination is also being
fuelled by sustainable economic expansion along the eastern seaboard, with a
gross domestic product growing faster than any other region in Thailand, and the
beach resort destination is at its core.
Mr Cornick added that high rental yields could also be achieved as exhibited at
Northshore, where 8-10% yields are already being realised and future capital
gains are expected to be handsome. He noted that early buyers realising high
returns would not have achieved them anywhere else in the country.
For more information and registration, interested parties can visit www.the
loftssouthshore.com.
The launch party attracted a host
of potential buyers
to view the new development.
Above and below, the Lofts
Southshore will provide investors with resort style living and unrivalled
facilities at affordable prices.
The Lofts Shothshore will offer
stunning 360-degree views of the sea,
Pattaya City and the surrounding area.
