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Jimmy White selects a new holiday home in Pattaya

As Pattaya bounces back again to become a hot spot for condominium buyers, this leading beach destination is attracting foreign and Thai investors, including international celebrities who have chosen Thailand as the place for their holiday home. The latest newcomer to Pattaya is Jimmy White, one of the world’s snooker legends, winning a total of 23 professional titles and competing in the finals of six snooker World Championships who has recently purchased a holiday home in Pattaya.

Jimmy White.

Jimmy White, a frequent visitor to Thailand and Pattaya, purchased a unit at The Palm Wongamat Beach, a newly launched luxury beachfront condominium project in Pattaya.

“The choice was easy, I bought in the best location. After a lot of research and hunting for a holiday home, The Palm met all my requirements. Wongamat is one of my favourite beaches in Pattaya and The Palm’s beachfront location is ideal. I can enjoy excellent sea views from my unit, the facilities are extensive and the price is right,” said Jimmy.

Located on a 5-rai headland site on Wongamat beach, The Palm Wongamat Beach is a luxury beachfront condominium project developed by Nova Group. Comprising 544 units set in two high-rise towers, the THB-3.2-billion project takes full advantage of its prime site with all units featuring direct sea views.

Almost 70% of the units at The Palm Wongamat Beach have been sold, despite pre-sales beginning only six months ago. Out of total units sold, over 65% of the buyers at The Palm Wongamat Beach are foreign and 35% are Thai end-users and investors. The sales performance at The Palm Wongamat Beach indicates there is strong foreign demand in Pattaya driven mainly by non-resident Europeans, particularly Russians who are looking to purchase affordable luxury holiday homes.

There is also a significant portion of Thais who have purchased for a combination of a holiday home and as an investment, with several purchasing multiple units as the project is perceived as offering value for money. The Palm Wongamat Beach has also recently completed an en bloc transaction of 80 units to a Hong Kong investor.

The 2-bedroom units which appeal to families, as well as the 1-bedroom units have been popular amongst purchasers and have nearly sold out since the initial pre-sale in late December 2010.

The project’s success has been underpinned by its ideal beachfront location on one of Pattaya’s best beaches and up-market areas and the right pricing. Aside from high quality specifications and attention to detail, the project also offers flexibility in terms of unit layout by offering combined units, catering to end-users with larger unit requirements. Purchase of combined units has been popular amongst existing purchasers. Offering unique combined layouts is possible because of the highly efficient unit layouts for the typical units which range from 32 sq.m. to 96 sq.m.

The three show units are currently under construction and are due for completion in early August 2011. Despite not having a completed show unit, the project has had considerable sales success. With over THB 30 million invested to build the show units, CB Richard Ellis (CBRE), the project’s sole agent, expects to close sales for the remaining units and for those who have purchased, they will also be able to experience the quality of the finished product.

The Pattaya market has clearly emerged stronger with clear signs of a market rebound. In CBRE’s view, Pattaya’s strategic location will continue to be a key driver for growth in tourism and its property market. It is the closest beachside town to Bangkok and is just over an hour’s drive, it has all the amenities one wants – shopping, good food, quality five-star hotels and properties, golf courses, and beaches. These factors combined makes Pattaya well positioned for further growth. (Press Release)


Singapore lights the way for a greener future in building design and materials

Suntec Singapore is to host the Build Eco XPO, which brings together industry practitioners, professionals and key buyers across the regions to learn, network and do business with Southeast Asia’s developing economies. There is wide-reaching agreement that future building design, architecture and the use of building products must become more ecologically sound, more innovative and more sustainable; BEX Asia 2011 offers attendees and exhibitors the chance to find new ways of achieving these green goals. The event will run for 3 days, from the 14 to 16 September.

BEX Asia is the leading platform for featuring current developments, showcasing of technologies, products and services, and networking opportunities focused on the core theme of “Build Green”.

Over 200 exhibitors will attend this year’s event, with an estimated 8,000 visitors due to arrive over the exhibition days. Analysis of 2010’s BEX revealed that the event was attended by more than 7,000 international trade visitors within the building design and building products industries.

Key highlights for the 2011 event include a VIP space for effective networking, the BEX Asia opening address and seminars by guest speakers and delegates, and FOCUS @BEX; a show floor which allows exhibitors to demonstrate their latest products. Held alongside BEX Asia is the IGBC Conference 2011 which focuses on sustainable operations and maintenance, as well as tropical architecture, integrated design methodology, advanced technologies and green building case studies.

For more information on this event, visit the web site: http://www.bex-asia.com.


Record nominations received for the 2011 Thailand Property Awards

A record number of nominations have been received for the 2011 Thailand Property Awards – widely regarding as the ‘Oscars’ of the Kingdom’s real estate industry.

More than 1,350 developers, developments, property agents, architects and real estate companies were nominated by the public and their peers when nominations closed earlier this month.

Last year’s winner of the prestigious ‘Best Developer Thailand’ award, Golden Land, is up against 36 other developers who have been nominated in the flagship category. The ‘Best Affordable Condo Development (Bangkok)’ category, a new addition this year, will also see fierce competition with more than 45 nominated projects now eligible to enter.

Terry Blackburn, Chief Executive Officer of organisers Ensign Media, said: “The record level of nominations for this year’s Thailand Property Awards is a sign of the strength of the industry. Previous winners have gained significant benefits from winning a Thailand Property Award and I would strongly urge all those who have been nominated to now submit their entry.”

Entries are now being sought from nominated companies. Each entry will be subject to a rigorous evaluation process, with just one overall winner selected in each category. A panel of independent industry experts, including lawyers, surveyors, agents and engineers, will be considering each entry in detail and taking into account a range of qualitative factors. Judges will them embark on site visits to short-listed developments.

The Thailand Property Awards, first held in 2005, are widely recognised as a benchmark for excellence in the Kingdom’s residential real estate industry. The Gala Awards will take place at the Grand Hyatt Erawan in Bangkok on November 5, and is expected to attract more than 600 attendees.

For more information on the categories and judging process for the Thailand Property Awards visit www. thailandpropertyawards.com.


HEADLINES [click on headline to view story]

Jimmy White selects a new holiday home in Pattaya

Singapore lights the way for a greener future in building design and materials

Record nominations received for the 2011 Thailand Property Awards


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