One of Pattaya’s most talked about new condominium projects, The Palm at Wongamat Beach, has been given the green light after the developers received E.I.A. planning permission in February. Initially the paperwork had been held up following the flooding in Bangkok at the end of last year that affected the planning department there, but with things now returning to normal in the capital the stamp of approval has finally come through.
Construction of the luxury twin tower development began on February 24, with the piling work being carried out by Ital Thai Trevi, one of Thailand’s best know and well respected piling specialists who have undertaken many of Bangkok’s high-profile projects as well as several here in Pattaya.
From left: ITAL Thai Trevi’s Somboon Kwangthung (Project Manager), Arthit Lochinda (Assistant General Manager) and Ekachai Phongphua (General Manager) pose with Palm developers Winston Gale, Simon Swain and Sukanya Gale, plus Sathida Limphasut from CB Richard Ellis Thailand.
“This will be our first time working with Ital Thai Trevi and we are looking forward to building a strong relationship with them over the coming months,” said Winston Gale, co-developer in The Palm.
The time period for the piling contract is 5 months with above ground construction continuing from then onwards. August will therefore then be the milestone for the main construction company, Cornerstone, to start building the main structure which is expected to take 3 years.
From left: The Palm developers Winston Gale, Sukanya Gale and Simon Swain meet with Cornerstone’s Surakit Somnustweechai (Project Manager) and Khun Songpon Monsree (Site Engineer).
Richard Bell, Cornerstones MD said, “I am delighted Cornerstone have been appointed project managers for such a prestigious development like The Palm. We have a strong presence in Bangkok and it is good to see Pattaya now growing at a pace and Cornerstone now being a strong apart of Pattaya’s real estate expansion.”
The Palm’s CB Richard Ellis team.
Investor interest in The Palm has been strong since day one and much of that has been down to the work put in by award winning property consulting agency, CB Richard Ellis, Thailand, who have been handling the sales of the project since December 2011. With 75% of the 421 units worth approx. 2 billion baht already sold, CB Richard Ellis have now been retained by the developers as sales agents for a further 12 month period.
For more information on The Palm, go to www.thepalmpattaya.com or www.cbre.co.th.
