Monday, September 29, 2008

Trump Endeavors Development Project in Thailand

American property magnate Donald Trump is ready to get involved in a major development project in Thailand. He is in deliberations with Gaysorn Group to put in a major mixed utilization project in central Bangkok, it has been established.

The company plans to build up a luxury shopping mall together with 178 serviced apartment units and 30 high-end residence units with 30 year leasehold agreements.

"We are looking at development prospects. We suppose that Asia makes available bright prospects for growth in the future," said a spokesman for the Trump Organization.

The group of the Trump Organization, well-known as an international developer of luxurious properties, consists of office buildings, hotels, condominiums, casinos, golf courses and country clubs, mostly in major cities in the US. It is also building up Trump International Hotel & Tower at The Palm Jumeirah in Dubai.

The latest project at the Ratchaprasong intersection, Bangkok's main retail site, is planned to contend with two direct rivals in close proximity, CentralWorld and Siam Paragon and has an estimated completion date of 2010.

Gaysorn also plans to build up 20 luxury villas for sale at Cape Paradise on Patong Beach in Phuket with show units completed by the end of 2008.

Trump is still in the making to take notice if he has been given the go forward to construct the world's 'supreme' golf course near Aberdeen in Scotland. The result of the public investigation into the £1 billion resort development is likely to come any day.

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