The Lofts Southshore’s Second Tower Launch Replicates Long-Term Command for Inexpensive Resor
In spite of the current global economic recession, luxury real estate developer Raimon Land remains devoted to the long-term prospective of the Thai property market with the launch of the 417-unit second tower at The Lofts Southshore in Pattaya.
The two-tower development brings Thailand’s well ascertained “The Lofts” lifestyle perception of providing a quality contemporary urban design and functionality at an inexpensive price to the Kingdom’s most well-liked beach resort.
Raimon Land Chief Executive Officer, Nigel Cornick, acknowledged lots of developers in Thailand have been hit by economic hardships, which places a number of projects completion in suspicion. Though, Raimon Land views notions new financial circumstances as a prospect to extend value to its clients.
“Thailand has noticeably had an interesting end to 2008, and the global economy’s slide has more compounded problems, however Raimon Land maintains its lasting support for the Thai property industry, mainly on the Eastern Seaboard,” he said.
“We discover there is still command for quality condominiums in Pattaya if investors can feel 100% convinced they will be constructed, completed and handed over. The launch of the second tower at The Lofts Southshore provides purchasers with an aggressive alternative where the quality of materials can be confirmed by inspecting our show suites.”
Mr Cornick added substantial savings are being negotiated with probable construction contractors because of current falls in commodity prices and a more aggressive construction industry, which will be passed on to purchasers.
“We have managed to optimize value in the second tower, at the same time as maintaining the innovative stipulations and the program is still on course for the instigation of piling by mid-2009,” he said.
Values for the 46-storey second tower begin at THB50,000 per square meter (psm) or approximately THB1.9 million for a studio. The 1, 2 and 3 bedroom apartments range from 58-169sqm. Duplexes are obtainable as are roomy 259-295sqm penthouses with private gardens.
The two-tower development brings Thailand’s well ascertained “The Lofts” lifestyle perception of providing a quality contemporary urban design and functionality at an inexpensive price to the Kingdom’s most well-liked beach resort.
Raimon Land Chief Executive Officer, Nigel Cornick, acknowledged lots of developers in Thailand have been hit by economic hardships, which places a number of projects completion in suspicion. Though, Raimon Land views notions new financial circumstances as a prospect to extend value to its clients.
“Thailand has noticeably had an interesting end to 2008, and the global economy’s slide has more compounded problems, however Raimon Land maintains its lasting support for the Thai property industry, mainly on the Eastern Seaboard,” he said.
“We discover there is still command for quality condominiums in Pattaya if investors can feel 100% convinced they will be constructed, completed and handed over. The launch of the second tower at The Lofts Southshore provides purchasers with an aggressive alternative where the quality of materials can be confirmed by inspecting our show suites.”
Mr Cornick added substantial savings are being negotiated with probable construction contractors because of current falls in commodity prices and a more aggressive construction industry, which will be passed on to purchasers.
“We have managed to optimize value in the second tower, at the same time as maintaining the innovative stipulations and the program is still on course for the instigation of piling by mid-2009,” he said.
Values for the 46-storey second tower begin at THB50,000 per square meter (psm) or approximately THB1.9 million for a studio. The 1, 2 and 3 bedroom apartments range from 58-169sqm. Duplexes are obtainable as are roomy 259-295sqm penthouses with private gardens.
Labels: condominiums, Luxury real estate developer, Thai property industry
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