Thailand real estate developer Kingdom Property conducted a successful launch of the show suites for the company’s eagerly anticipated Southpoint Pattaya project on May 4. Investors and buyers gathered for a first glimpse of the luxury development’s offerings and to celebrate the occasion with a vibrant networking event at the prestigious Royal Varuna Yacht Club.
Interest in Southpoint has been strong since its Environmental Impact Assessment (EIA) approval in November last year with top buyers coming from Thailand, Japan, China and Russia. Sales of the two-tower development have been rapid and include the sale of the entire Suites Tower to a local Thai investor who will develop the 224-unit building into internationally managed serviced residences. Total sales in the 672-unit project stand at 60%.
Real estate developer Kingdom Property launched the show suites for its Southpoint Pattaya project last month and also began construction on site.
Founder and CEO of Kingdom Property, Nigel Cornick also recently awarded the piling contract for Southpoint Pattaya to notable foundation contractor Thai BAUER, an affiliate of German construction powerhouse BAUER Spezialtiefbau GmbH, who began foundation work on the project last month.
“As a real estate developer we are always looking to improve standards and provide value to our buyers. Through this partnership (with Thai BAUER) I certainly think it will achieve that and the market can be fully confident that we are in the process of building an exceptional project of high quality that will be delivered to all original specifications and importantly, on schedule,” commented Nigel.
Kingdom Property Founder and CEO Nigel Cornick (left), Kingdom Property Marketing Manager Irena Breslavtseva (centre), and Royal Varuna Yacht Club General Manager, Richard Holt pose for a photo at the launch of the show suites of Southpoint Pattaya, May 4.
Thai BAUER Chief Executive Officer Mike Sinkinson was equally enthusiastic about the deal and pleased to be working on a project and in a destination of enormous potential.
“We are delighted to be working with the team at Kingdom Property and the familiar faces there. Pattaya as a destination has enormous potential and we are proud to further enhance Kingdom Property’s status as a prominent developer along the booming Eastern Seaboard,” he said.
Souhtpoint Pattaya is valued at THB2.5 billion, with the construction process scheduled to be completed in 2015.
Southpoint Pattaya is located a short distance south of Bali Hai in Pattaya City, on an elevated site on Pratumnak Hill, offering extensive sea views and within walking distance of the Royal Varuna Yacht Club. The THB2.5 billion-valued development is on a four rai freehold plot and will be completed in 2015.
Unit sizes start from studios of 30sqm, with one-bedroom units ranging from 41sqm to 87sqm and two-bedroom units ranging from 61sqm to 97sqm. Prices range from THB70,000 to THB120,000 per square metre. For more information, go to website: www. southpointpattaya.com.
Thai BAUER has begun piling work on the project.
