Phansiri Mongkolprasit,
Senior Manager - communications; Hubert Viriot, CEO and Simon Derville, DVP
- Research, announce the launch of the Zire Wongamat to the media from
Bangkok and Pattaya.
Award-winning property developer Raimon Land has launched
the show suite for its new Zire Wongamat project in Pattaya at a special
media event held Friday, July 29, that also provided an unprecedented
insight into the state of the city’s property market.
Raimon Land ended the first half of 2011 on a strong note
with total sales of 1.1 billion Baht recorded from two Pattaya projects -
218 million Baht from the already-completed Northpoint and 878 million Baht
from Zire Wongamat. Thanks to strong interest from local and international
buyers alike, Raimon Land secured sales of 179 units – or 40% of all
available units at Zire Wongamat in only six months since the project’s
launch in January of this year, translating into an impressive average of
more than 1 unit per day.
Kwanrudee Maneewongwatthana,
DVP Corporate Communications & Branding talks to the assembled press about
the project during the special media day and presentation held Friday, July
29.
“The Wongamat beach area has long been regarded as one of
the most desirable stretches of beachfront land in Pattaya,” said Raimon
Land Chief Executive Officer Hubert Viriot. “Zire Wongamat’s immense
pre-sale success is an excellent confirmation of the beach’s exceptional
appeal as well as the lively state of Pattaya’s condominium market.”
Comprising two residential towers 37 and 54 storeys tall,
the Zire Wongamat project is currently in development with support from
TISCO Bank in the form of a 1,027 million Baht credit facility package. The
tendering process for the project’s piling works has been completed and is
now pending technical and commercial appraisal. Once finished, piling works
are expected to begin shortly thereafter alongside tendering of the main
building contracts.
Zire Wongamat is currently scheduled for completion in
2014 and will offer 480 impeccably-designed units with excellent panoramic
views of the Gulf of Thailand upon completion. Customers can choose from a
wide variety of unit types, ranging from 38 sq. m. studios all the way to
185 sq. m. three-bedroom duplexes.
Equipped with world-class facilities like an infinity lap
pool, fitness centre, sauna and more, the project represents an unrivalled
proposition with its affordable starting price of 2.5 million Baht. And in
celebration of the opening of the new show suite, buyers will be eligible
for a special promotional price on remaining units.
“We don’t compete head to head with mega developers and
we are not looking at selling the project out at launch, we sell the project
gradually but obviously the earlier you buy the greater discounts you
receive,” said Hubert Viriot in an interview with PMTV. ‘The Zire
Wongamart marks a new market for us and is aimed primarily at young
Bangkokians. Today we have opened our new show suites and we are delighted
that we have already sold 45% of the project,” he continued.
From left: Ekasit Ngampichet,
secretary to chief of Pattaya City Office; Hubert Viriot, CEO; Rattanachai
Sutidechanai, Pattaya’s Tourism and Sports Committee Chairman and Montri
Hemvichitr, VP Special Projects pose for a photo at the ribbon ceremony to
officially open the new show suite.
In addition to fresh revelations on Zire Wongamat, Raimon
Land also presented information from “Pattaya Market Updates”, a special
report that captures the current state of Pattaya’s condominium market.
“Since the second half of last year we have seen a surge
in new supply available in Pattaya that is now concentrated in the hands of
professional developers,” said Simon Derville, Raimon Land’s Deputy Vice
President for Research and Development. “Our recent research counts 26
projects launched in the last 12 months totalling 10,205 units, which
represents about twice the volume of last year. To date, 41% of these units
are reported sold by the developers with the Wongamat area performing best
with a take up of 45% achieving a price of Baht 87,840 per square meter.”
Pattaya’s Mayor Itthiphol Kunplome was also quick to note
in a July 27 interview that “Pattaya will continue to flourish as Thailand’s
top Eastern Seaboard vacation, commercial, entertainment and retirement
destination with the help of planned infrastructure and development projects
like a hi-speed airport rail link between Suvarnnabhumi Airport and Pattaya,
a possible monorail in the city, as well as better organized traditional
local transportation.”
The Zire Wongamat development
will comprise two residential towers of 37 and 54 storeys.
Already rated as one of the top 20 places in the world to
purchase a second home by British newspaper The Telegraph, Itthiphol
added that “Pattaya is pushing to introduce new zoning initiatives and once
new regulations and government policies are complete, the area will solidify
its reputation as an investment hotspot with dynamic economic growth to
become an even more desirable destination for both Thais and foreigners.”
For more information on the Zire Wongamat development, visit
www.raimonland.com.
