Bangkok, Thailand, October 25, 2013 --(PR.com
)-- Pratumnak is fast developing the name of the "Beverley Hills of Pattaya" for its numerous luxury condominiums and stunning views over the city and the island dotted bay.
This elegant condominium development that has been developed using the latest in European technology and design is going to rise 27 stories with views out over the ocean view. Cutting edge technology and truly elegant design will be used throughout.
The key buyers targeted will be expatriates and locals from Singapore and Hong Kong, Russians, (whose numbers spiked over the last few years and they may come through non local channels to invest), and European along with Thai middle class buyers from Bangkok looking for a second home or revenue producing investment. The primary Architects and construction contractors will be local experienced Pattaya-based companies with the conceptual and management teams coming from a European-based background.
According to development manager Khun Saroj Chairattanakorn the decision to use a Bangkok-based real estate company and to market and sell the condominium project there is due to the rising number of wealthy Bangkokians snapping up holiday homes in the existing Eastern Thailand destination, also the number of Russian buyers, particularly in Pattaya.
Although the global property recession still is continuing in many European countries along with the United States, Pattaya is still a buoyant market with continuing sales and developments. The Thailand property market is still very competitively priced when compared to its near neighbors such as South Korea, Hong Kong and Singapore and retains a good rate of return for investment.
Work has already started on the Showroom at Pratunak soi 6 on land opposite the planned development site and the launch date is set for October 31st, 2013 with the showroom following closely behind.