REALESTATE e n i z a g a m thailand
Chart your course for
southpoint pattaya
ap
pr o
ved
AEC unity: What it means to Thailand Issue 140 • January 2013
เรียล เอสเตท แม๊กกาซีน ไทยแลนด์
Construction Started E.I.A. Approved
who’swho
Managing Director Dave Buckley Tel: 087 988 0799 dave@remthai.com Publisher/Editor Mesiya Watson may@realestatemagazinethailand.com
Our team
Since 2001 – Thailand’s first English language property magazine
Still hanging in there As I sit here typing this column the end of the world is due tomorrow, according to the Mayan calendar, that is. Obviously it
Sales and Marketing Wongduan Roberts Tel: 087 535 8096 duan@thailandpropertymagazine.com or realestatemag@hotmail.com or dave@remthai.com Office/Accounts Tel: 038 406519 or 08 6335 2474 dear@thailandpropertymagazine.com Web address www.remthai.com Artwork, Design & Layout Zen Grafix • Tel: 038 406519 Publisher Pattaya Property Consultants Co Ltd 21/27 M5 Soi Nern Plub Waan Nongprue • Banglamung Chonburi 20150 Tel: 038 406519 or 08 6335 2474 Fax: 038 041158 Publication Licence Number 2/2549 Disclaimer: All rights reserved. No part of this magazine may be reproduced without the written consent of the editor. The publishers are not responsible for any error contained within the magazine. The publishers also accept no liability for the accuracy of statements made by the advertisers or writers. The views of correspondents are not necessarily those of the magazine. Articles are produced containing upto-date information to the best of our knowledge. However, we accept no liability for information contained within any article. Copyright © Real Estate MAGAZINE Thailand 2013
2•REm•Issue 140•01/2013
didn’t turn out that way or none of you would be able to read this and I won’t have wasted precious last minutes of life writing it. That said, if the South American race did get it right all those years ago well, who the hell cares, anyway? We will all have
Dave Buckley reflects on surviving the end of the world and other important matters
turned up our toes and I will have written this for an audience of one. No chance to re-write it to reflect new intel, of course. But let’s take it as read that most of us are still hanging in there ready for another year with all the highs and lows that it will bring. Unusually for me – given I’m a glass is half empty type – I’m looking forward to it. Maybe it’s a case of hope triumphing over experience, but I’m expecting good things in 2013. Since taking over the stewardship of this magazine in early 2010 I have made it my twin goals to turn it into the best property magazine in the city and introduce some muchneeded financial stability to its production. I’ll leave it to readers to decide if the first aim has been achieved, but I’m
fairly content that the second one has been. So now it’s time to kick on. You’ve all heard the saying that “if you stand still, you are moving backwards” and there is much truth in it. The property market seems buoyant if the number of new developments provides an accurate barometer. Many leading developers are pushing on with new projects. So the immediate future looks bright. Naturally there will be those of you reading this wondering when the property “bubble” is going to burst. It can’t expand ad infinitum, you’ll say, and it would be daft to argue against you. If I were able to predict when there will be a downturn I might be able to leverage that knowledge to my financial gain. The fact is that I can’t tell you when the market will go into the doldrums again. But it will continue to happen pretty much as sure as night follows day (provided the Mayans got it wrong). The good news, in my book, at least, is that I don’t think it is going to happen for a while yet. And, when it does – many years down the line, I hope – I sincerly feel that the Asian region is well placed to weather the storm. In 2015 the countries of South East Asia are due to unite in the local answer to the European Economic Community. The EEC is just about as disunited as any group could wish to get, which begs the question: Why do Asian nations seek to follow suit? Over the next few issues Bart Walters will attempt to answer that question. In the meantime does anyone have a copy of the Mayan calendar for 2013? It should fetch a fortune at auction. Happy and prosperous New Year to you all.
OURadvertisers AAAA Properties 64 A.D Condominium 65 Alan Bolton Property Consultants 96 Amari Residences Pattaya (Nova) 59 Amazon Residence (Matrix) 69 Anaakot Group 77 Art on the Hill (Matrix) 70 Benchmark Asia Properties 32-33 Best Price Real Estate 66-67 Centara Grand Residence Facing P24 City Center Residence (Matrix) 1 Cliff, The (Nova) 25 Coastal Real Estate 44 Colliers International 38-39 Compass Real Estate 34 Cosy Beach View 17 Direct 2 Developers 74-75 East Coast Real Estate 41 Elegance Condominium @ Cosy Beach 46 FARANG Services 4-5 Global Property (Global Solidor) Inside Directory cover Golden Homes Real Estate 10-11 Golden Tulip Hotel & Residence (Tulip) Facing P25 Grande Caribbean 47 Green Field Villas 4 24 Huay Yai Villas 45 Knight Frank 27 Laguna Beach Resort – The Maldives (HH) 54-55 Masters, The 3 Matrix Group 71 Meridiem Park Condominium (Domum) 20 Modus Beachfront Condominium 72 Nam Talay (Nova) 57 Novana Residence (Nova) 61 Ocean Residential Property 50-51 One Stop Real Estate 29 Onyx Pattaya Residences 21 Owners Direct Real Estate 80-81 Palm, The (Nova) Inside front cover Pattaya & Jomtien Real Estate 74-75 Pattaya Exclusive Properties 26 Pattaya Posh 36-37 Pattaya Realty/Pattaya Realty Commercial 14-15 Pattaya Jomtien Property 30 Ponard Design & Construction 31 Porch Land (The Feelture, The Prim, La Santir) Between 40-41 Scanasia Warehouse Sale 83 Serenity Wongamat (Nova) 19 Seven Seas Condo Back cover Siam Corner 85 Sixty-Three@12 (Anaakot) 76 Southpoint (Kingdom Property) Front cover Stone & Roses 35 Spirit Condominium (New Developments) 16, 18 Thailand Business Acquisition Consultants (TBAC) 28 Town & Country Property 8-9 Treetops 49 Tropical Dream 63 Ville, The 22-23 Vision, The (Matrix) 68 Waterfront Suites & Residences (Tulip) Inside back cover 4•REm•Issue 140•01/2013
OURCONTENTS
cover story
Columns
Southpoint heading in right direction
56: What is thailand’s economic outlook? Bart Walters examines why two of the world’s super powers seek a cozy relationship with Yingluck Shinawatra.
12
A design dream team has been assembled by Kingdom Property boss Nigel Cornick to mastermind his company’s first development – Southpoint Pattaya on Pratumnak Hill. Units include studios, one- and two-bedrooms with prices starting at Bt65,000 per sqm.
property
?
52
Always seeking to improve – that’s the aim at Heights Holdings. We interview boss Haim Bar-David.
problem
42
Launch of a new feature where we give brokers a set of criteria and see what they come up with.
6•REm•Issue 140•01/2013
78
We look at what makes Anaakot
86: will 2013 be fix-it year? Our Undercover
Developers’ project Sixtythree@12
Agent says that Pattaya is experiencing growing
both ‘unique’ and ‘funky’.
pains in areas such as the internet.
NEWSREPORT
Kingdom establishes inter-active communications with customers Kingdom Property has signed a groundbreaking agreement with AddressTalk, a social media platform for multi-unit communities, to provide inter-active communications between the developer and its customers. The tailor-made community platform has been launched for Kingdom’s Southpoint Pattaya 672-unit project on Pratumnak Hill. Kingdom’s collaboration with AddressTalk, available on all mobile and computer devices, is the latest pioneering initiative by the developer in its pursuit of finding better ways of doing business. A spokesman for company said: “This new platform shows Kingdom Property’s long-term commitment to its customers and also offers a level of transparency and accountability never seen in the Thailand property market.” AddressTalk provides a dedicated social media space for Southpoint and will allow Kingdom Property to post notices, documents and photos as an interactive communication tool for buyers, who, as verified members, are able to post comments, ask questions, make suggestions and hold open discussions. There is also a function for ‘followers’, so anyone interested in Southpoint can do their own research, ask the views of customers and have exposure to on-going debates and discussions. This means buyers can make informed decisions. Upon completion of the project in 2015 and the transfer of units, the
online community will continue to thrive, providing owners and residents with a platform to discuss issues, share information and stay in touch with the management while maintaining an continuing link to Kingdom Property. Aid to transparency Kingdom CEO Nigel Cornick said the partnership with AddressTalk confirmed his company’s long-term commitment to customer satisfaction, transparency in the construction process, and after-sales service upon completion. “We are delighted to partner with AddressTalk. They have a powerful social media platform which we are able to customise to assist our customers in the buying, after-sales and project handover process,” Mr Cornick said. “We believe that this will create great value for our customers. We can
l Homepage of the new inter-active site which is a groundbreaker in terms of developer-client liaison.
keep them informed every step of the way regarding the on-time delivery of their property, listen to their views and comments and, in doing so, demonstrate our long-term commitment to them even after the project has been completed and handed over.” AddressTalk chief executive and co-founder Rob Oldnall applauded Kingdom Property for demonstrating ‘the ultimate responsibility of a developer’ by pioneering interactive communications with buyers. “With every buyer comes a new relationship and, with it, the responsibility for a developer to hold the buyer’s trust and confidence,” he said. “By using a third-party platform, Kingdom have demonstrated their commitment to transparency and accountability. “AddressTalk represents an opportunity for Kingdom to encourage fact not rumour, be open to addressing the hard questions and ensure absolute clarity in the process. And most importantly, it means they can keep their promise to deliver on-time and to all original specifications. “We could not have chosen a better partner than Kingdom – and we are very pleased to be rolling this out for them, especially given the track record of Mr Cornick in developing iconic projects in Thailand with innovation, efficiency and attention to his customers.”
Raimon’s Northpoint auction is a success Raimon Land have announced that their Northpoint Closeout Auction at Pattaya was a complete success. At the auction, which was held at the Infinity Ballroom of the Pullman Pattaya Hotel G, 13 out of the initial 15 units were successfully sold for a combined value of approximately Bt140m. Two hundred prospective buyers and their families helped make Northpoint Closeout Auction a great event. Piaras Moriarty, vice-president – Client Management, Sales and Marketing (pictured right), said: “This remarkable outcome at Northpoint enables us to
focus on the company’s two remaining projects in Pattaya; Zire Wongamat and Unixx South Pattaya. Additionally, it indicates that our strong consumer base in Pattaya is growing positively.” The closeout auction featured units that ranged from 65-131sqm and varied from one- to three-bedroom suites. Situated on the serene Wong-Amat Beach, Northpoint condominium boasts the best of residential development along Thailand’s eastern coastline and has been voted ‘Best Condo Development – Eastern Seaboard’ awarded by the Thailand Property Awards in 2008 and 2010.
01/2013•Issue 140•REm•7
COVERFEATURE
Indications are Southpoint is heading in right direction
Y
ou don’t need a compass to find the Southpoint Pattaya development on Pratumnak, just follow the smart money and the location should be easy to find. Southpoint is the first development of Kingdom Properties which is headed by Pattaya enthusiast and property guru Nigel Cornick. The two towers (20 and 30 storeys) will house a total of 672 units and will be built on Kasetsin 7, Pratumnak Hill on more than four rai of land. A spokesperson for the company said: “Southpoint Pattaya unites the unerring vision of Nigel Cornick with the contemporary flair of SODA interior design and the landscapes of modern Zen Master Colin K Okashimo and associates. The project’s 12•REm•Issue 140•12/2013
architects are the Beaumont Partnership and Meinhardt will be involved with the structural engineering. It’s truly a design dream team.” The towers will be built close to historic Buddhist landmarks and not far away from the Royal Veruna Yacht Club. Many of the units will enjoyed unrivalled views over the Gulf of Thailand. Southpoint’s publicity material claims that it marks the point where “world class contemporary design, refreshing energy and superb location intersect”. You can’t accuse them of being shrinking violets! Price range The Bt2.5bn-valued project is offering unit sizes from studios of 30sqm, with one-bedroom units ranging from 41-87sqm and two-bedroom units ranging from 61- 97sqm. Prices range from
Bt65,000-100,000 per sqm. A wide range of facilities will be offered including infinity lap pool, extensive sun deck and sky garden, children’s pool and playground, fully equipped fitness centre and Jacuzzi plus steam and sauna rooms. As is fairly common nowadays there will be 24-hour on-site security and CCTV monitoring plus a fullyintegrated fire warning system to protect owners. The project has already gained Environmental Impact Assessment (EIA) approval and finance for it will be provided by leading finance house Krung Thai Bank. Completion is scheduled for 2015. Ω l If you wish to know more about the project visit the website www.southpointpattaya.com; phone (66) 038 416 441 or 089 981 7555 (Russian). 01/2013•Issue 140•REm•13
Est. 2001 Est. 2001
PATTAYA REALTY
House
Condo
HR6269
(CS0850)
Pratumnak Sale 11,500,000
Size 188 m sq, 2 beds, 3 baths,uxury furnishings, state-of-the-art quality fitted kitchen, has everything ready tomove in‌difficult to describe this condo in words, outstanding sea views.
Size 69.5m sq,2 beds, 2 baths, Sale 5,550,000 Top floor corner unit in foreign name,Beach side.
Jomtien Sale 13,900,000 Land Size 400 m sq , 3 beds, 3 baths, high quality furnishings, high quality fitted,private swimming pool.
Sale 19,500,000
House
Size 118 m sq, 2 bed, 2 baths, fully furnished, fully fitted kitchen
Size 55 m sq, 1 bed, 1 bath, high quality furnishings, high quality fitted kitchen
House
HR0679
Size 560 m sq , 3 beds, 2 baths, fully fitted Euro style kitchen, high quality furnishings,private swimming pool.
Condo
(HS3250)
Horseshoe Point Size 546m sq , 3 beds, 3 baths, fully furnished, fully fitted kitchen,private swimming pool.
Rent 25,000 / month Sale 3,500,000
Jomtien Rent 45,000 / month
Rent 35,000 / month
House
Sale 11,750,000
Jomtien
(CR6963)
Jomtien
Size 288m sq , 2 beds, 2 baths, fully furnished, fully fitted kitchen.
CR6342 CS6349
Condo
HR0124
Jomtien Rent 50,000 / month
Condo
(HS5651)
(CS4840)
Size 243 m sq, 3 beds, 3 baths, high quality furnishings, high quality fitted kitchen
Rent 95,000 / month
Size 3,000 m sq , 5 beds, 6 baths, fully furnished, fully fitted kitchen.
House
Condo
Wong Amat
Baan Amphur
Condo (CS6876) Acqua Jomtien
House
HR5512 HS5511
Jomtien Sale 15,000,000 (CS4013)
For those who want something unique! This high floor unit is the only one if its kind in this new 5 star development. Offering views from Bang Saray & right across Pattaya, with a private garden & jacuzzi, leading from the apartment on the 23rd floor! Close to local amenities, beautiful sea views,
Mabprachun - Pong
Rent 100,000 / month Sale 15,000,000
Size 880 m sq, 4 beds, 4 baths, fully furnished, fully fitted kitchen, private swimming pool.
Our office address: 219/1 Tipp Plaza, Pattaya 2nd Road. Next to Mike Shopping Center, Nongprue Chonburi 20150
www.pattayarealty.com Email: info@pattayarealty.com
Tel:038 412301/038 412302 or 089 833 6175 / 089 8327226
081-9401511
Est. 2001 Pattaya Realty Pratumnak Sale 200,000,000 Land For Sale
Commercial
(LS6984)
Beachfront Land at Phratamnak Pattaya For Sale 3,400 m sq. with EIA for high rise
East Pattaya (MS6961)
Shop house for Sale 4,000,000 Ext size 80 m sq, 3 beds, 3 baths, partially furnished, partially fitted kitchen,AC, water tank, balcony/terrace
Mabprachun - Pong (MS6960)
Resort for sale 68,000,000
Resort 22 Houses, size 9600 m sq, fully furnished, AC, quiet location, communal gardens, communal swimming pool, car park, 24hr Security.
Central Pattaya
(MS4295)
Restaurant & Bar for sale 2,500,000
5 storey shophouse located in busy area near beach road. Surrounding by beer bar, hotel, guest house, just short step to Pattaya beach road.Upstair can make staff bedroom, living room or guest room. 5 bathrooms. 20 x 40 feets dimention. Sell with tables and chairs. Must see!
Pratumnak Shop House For Rent 60,000/Month (MR6380)
Jomtien
(MS6779)
Sale 3,500,000
Shop House For Rent 5 Story including roof terrace. Ground Floor: Large open space with kitchen and Bathroom. First Floor Two open plan rooms with bathroom.Second Floor Two open plan rooms with bathroom.Third Floor Two open plan rooms with bathroom. Fourth Floor Two open plan rooms with bathroom. Fifth Floor Roof Terrace. Off street parking could also be used as Terrace with seating area.
One of the largest out door bars in Jomtien.Include TV,Kitchen Area, Music system,150 Seatter.Rent 10K/mmonth, Lease Available 1 2 3+ Years .
Central Pattaya(MS6504)
Banglamung
Guesthouse for Sale 4,500,000
Guesthouse for sale.12 rooms fully furnished and aircons . fully opperational kitchen and bar .great all year round up take of rooms and return customers.4.5 million baht
Central Pattaya
(MS5061)
(MS6544)
Factory for sale 40,000,000 Factory for sale at Banglamung not far from Laem Chabang approx 3.5 KM. The Factory space is1 Rai(1600 m sq) arranged, on Land space of 11 Rai(17600 m sq). Have license to run factory.
Commercial Sale 4,000,000
(MS5793) Central Pattaya
Resort for sale 160,000,000
A Mediterranean style resort in the heart of Pattaya. The staff creates a pleasant atmosphere as we give a warm loving welcome to visitors that make you feel like family.There are two swimming pools, a garden for morning exercise, a reading corner, and places to sit and relax in broad areas.
South Pattaya (MR6784)
Go go bar for sale , 4 storey commercial building . Total usable area size 300 m sq,
Rent 30,000/Month
Bar/ Guesthouse/ Restaurant sale 5,500,000
Fully operational Sports Bar restaurant and guesthouse in the busy SOI LK metro area. The Bar restaurant is fully air conditioned and has seating for 70 people and also an outside terrace. The guesthouse above has 12 air conditioned rooms which are all let with high occupancy levels. A great opportunity to have a good solid business in a very busy area of town.
Pattaya Realty Commercial Co.,Ltd : 143/150 Moo.12 Jomtien Rd,Nongprue, Banglamung, Chonburi 20150 THAILAND
www.pattayarealtycommercial.com
Email: info@pattayarealtycommercial.com Tel:038 251245 or 085 4316960
Very profitable Swimming pool Construction Maintenance Company, distributors and Importers of Mosaic Tiles. Profits of 4 Million P.A., for further information contact Pattaya Realty commercial. Sale Price 12Mil Baht
Pattaya Realty
Commercial
The Last Word in Design and Luxury Absolute Beach Front Apartments Coming Soon to Na Jomtien
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081 5700 110
The Last Word in Design and Luxury Absolute Beach Front Apartments Coming Soon to Na Jomtien
Don’t just sit there Make your move
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Beachfront 4 Bedroom
Exclusive Wongamat
Spectacular Views 230 sqm. 4 Bed, 3 Bath
4 Balconies Foreign Quota
15,990,000 BAHT
270 Degree Ocean Views 137 sqm. 2 Bed, 2 Bath
Rooftop Pool Immaculate
12,500,000 BAHT
2,690,000 BAHT
Resort Style Walk To Beach
Rentals
Many Properties Available Condos Houses
Beachfront Luxury Resorts
6,990,000 BAHT
Ocean Views Quality Built
Pool Villas 128 sqm. 3 Bed, 2 Bath
Euro Kitchen Stylish Pool
ID A10012 4,993,500 BAHT
Priced To Sell
300 sqm. Plot 120 sqm. Gourmet Kitchen 2 Bed, 2 Bath
ID F10051 14,000,000 BAHT
Central Pattaya Studio
Stylish Décor 48 sqm. Studio, 1 Bath
ID A10256 2,500,000 BAHT
ID F10250
Prestigious Beachfront
Quality Renovation 160 sqm. 3 Bed, 2 Bath
Below Replacement Cost 112 sqm. 1 Bed, 2 Bath
ID B10237
Inner East Jomtien
ID C10242 5,400,000 BAHT
Five Star Wongamat
Stylish Pool Euro Kitchen
ID A10209 9,500,000 BAHT
East Pattaya
Recently Completed
Modern Style
Full Kitchen 260 sqm. Resort Facilities 4 Bed, 5 Bath
ID D10213 FROM 12,000 BHT/MTH
Stylish Pratumnak
45 sqm. 1 Bed, 1 Bath
Modern Renovation 44 sqm. Studio, 1 Bath
ID A10246 1,950,000 BAHT
Na Jomtien Beachfront
Central Pattaya
Euro Kitchen Exclusive Building
ID A10001
Penthouse
Exclusive Wongamat
Pattaya Bay Views Foreign Quota
ID B10230
234 sqm. 2 Bed, 3 Bath
Jacuzzi Euro Kitchen
9,900,000 BAHT
ID A10007
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email : stevesandroussi@hotmail.com 28•REm•Issue 140•01/2013
K. Yai 080-824-4278 Mr. Steve 085-228-2169
Land Plots
For Sale Ideal for Housing Developments or Land Banking Investment Prices from as little as
1M THB per Rai Call Now
For English Khun Terry 089877969 For Thai Khun Pepsi 0848418729 www.siamdevelopments.com www.thevineyardvillasthailand.com
01/2013•Issue 140•REm•31
a sense of fulfillment
credit design Tierra Design-photography Chonnasit Sundaranu
Limestone, volcanic, metamorphic stones in creative textures and patterns. Excellence in manufacturing and installation website: www.stonrose.com
picturespecial
Just a normal day for CEO
A
little before the end of the year we visited the condo home of Khun Chet, the chief executive officer of the Porchland developers company. Perhaps not surprisingly he was in a upbeat mood as he chatted to us from his favourite vantage point – the couch in his living room. Khun Chet has total belief in his company’s offerings to the extent that he lives in one of his developments – Jomtien Resort Porchland II. He had good reason to reflect on a successful year for his company. Several projects were either launched or made excellent progress during 2012. These include The Prim, La Santir and The Feelture. “Porchland has made great progress during the year and we hope for great things in 2013. We will not sit back as I am doing now,” he joked. “We will push on and continue to deliver great homes, the sort of homes I and other Porchland people are happy to live in.” Nice view The room we were in was beautifully designed in a natural, modern style. The apartment is 72 sqm with two bedrooms, two bathrooms, kitchen area, living room and balcony where you can enjoy the nice view. The amenities for the Porchland II project overall include a swimming pool, gym, and car park. And, of course, it is really close to tourist attractions, shopping malls and the beach. A typical Porchland development! “I would like to thank all our owners for choosing us and wish them and all your readers a very happy New Year,” Khun Chet concluded. Ω
40•REm•Issue 140•01/2013
eastcoast@thaiproperty.com • www.thaiproperty.com the urban pattaya Pattaya City Condo size: 61 sq.m 1 Bedroom 1 Bathroom Euro kitchen
Modern designer unit WiFi and Cable TV Convenient location Long-term only
rent: 23,000 Baht/month coconut beach Jomtien Condo size: 254 sq.m 3 Bedrooms 4 Bathrooms Fully furnished
2 units per floor Easy access to beach Sea views In Foreign name
sale: 10m baht • rent: 55,000 baht/month grand condo Jomtien Condo size: 120 sq.m Euro kitchen 2 Bedrooms 1 Bathroom
Direct beachfront Bright, spacious unit Sea views In Foreign name
sale: 6,300,000 BAHT central park hillside East Pattaya Land size: 135 sq.w House size: 200 sq.m Landscaped gardens In secure village
3 Bedrooms 3 Bathrooms Private swimming pool Held in Thai name
sale: 5,800,000 baht
Jomtien
038 267 030-1 • Pattaya 038 723 615-6
propertyproblem Property Problem is a new feature designed to test the skill of our local real estate
property
?
agents. The premise is simple; give the featured agent a property problem to solve. Each month, we’ll offer a different set of real estate shopping criteria to a different agent and see how they respond to our needs. We start this new venture with new kid in town, Tony Barchetti from RE/MAX Integrity. We told Tony we were searching for a condo on or near the beach, we preferred Pratumnak or Jomtien and we weren’t sure if we wanted brand new or an older unit.
problem
We plan to use it as a second home, staying three-four months at a time. Our primary focus was getting value for money. Our budget? Bt3-5m.
this month’s guest broker: Tony Barchetti from RE/MAX Integrity
Wanted: A second home for Bt3-5m
T
ony Barchetti’s first move was an extended counselling session where he attempted to solve part of the problem before we ever left his office. “The decision between off-plan, re-sale or older unit is critical,” he told us. We were shown brochures and given brief presentations on several new offplan projects. Tony pointed out those that offered the best value for our budget. Then he revealed several units up for re-sale in the same buildings. Interestingly enough, we were able to find some offplan re-sales of superior units priced lower than prevailing direct-from-developer rates.
Another criteria Tony dissected was “on or near the beach”. He said that the floor space our budget buys shrinks as you get closer to the water. Even in some “walking distance” new projects, it is hard to find something larger than 50 sqm. Open mind It would be helpful to determine if we wanted beachfront or at the very least had an open mind about the proximity to the water. Tony then focused on one of our other criteria to possibly cancel out the “new or used” and “beachfront or not” issues … value for money. He suggested that the best value for money was in well maintained existing
buildings near the beach. “You just get more condo for your money,” Tony said. The condos Tony showed us illustrated very clearly the relationship between proximity to the water and price per sqm. The closer we get to the beach, the smaller the condo our budget will buy. We include a unit from a popular off-plan development in the chart below to illustrate the difference between them and buildings that have been around a while. The most important thing we learned was that Tony from RE/ MAX is an agent that has learned to listen to his customers. We asked him to find us a condo for
Bt3-5m, in Pratumnak or Jomtien with special emphasis on value for money. Clearer understanding What he gave us was a clearer understanding of how to compare properties and a keener ability to solve property problems for ourselves. On the facing page we look at what Tony showed us...
l The website for the new RE/MAX Integrity office is www. remax-integrity.co. Tony can be contacted on +66 (0)84 086 0228.
unit comparisons Type of Unit Project name One bedroom Villa Norway Studio
View Talay III
One bedroom The Residence Studio
Leading project
Floor
Location Price psm
Sqm
View Time to beach
7 Pratumnak
58,200
67
sea
5 minutes
18 Pratumnak
64,000
61
sea
5 minutes
57,700
85
pool
10 minutes
109,400
36.5
3
Jomtien
12 Pratumnak
partial sea 3 minutes
Note that the first three units represent secondhand accommodation that is ready to move in. The fourth on the list will not be complete for another two years. 42•REm•Issue 140•01/2013
Condo 1:
Villa Norway, Pratumnak Hill Conveniently located right on Pratumnak Soi 6, this little lowrise is a private getaway in the middle of everything and near beach. The sunset sea view from the large balcony is spectacular. This 67 sqm one bedroom isn’t fancy, but is well-equipped with appliances and finished with good materials. We found the unit quite versatile as it could be serve as a permanent living space, a second home or money generating rental. Priced at Bt3.9m, this condo fulfills a lot of our requirements.
Condo 2:
View Talay III, Pratumnak Hill This is a strategically located unit on the 18th floor between the elevator shaft and the stairwell, creating a rare occurrence – a studio without any neighbours. The owner has taken great pains to make it really comfortable with Asian modern décor and well executed renovations. The building (older but quite well maintained) is located on desirable Pratumnak Hill. The big view balcony and open plan make this condo seem bigger than 61sqm. This unit is move-in ready and sells “as is”, furniture and all for Bt3.99m.
Condo 3:
The Residence, Jomtien An extremely livable 85sqm, one bedroom/two bathroom unit in a three-year-old low-rise building with a lobby and pool area that looks like the JW Marriott. This place is in move-in condition with really nice furniture and designer décor. The unit is on the third floor in the corner, so only has one direct neighbour. This sleepy little low-rise is tucked away behind Jomtien Beach Second Road, about 10 minutes from the beach. The price is Bt4.9m and may be negotiable. 01/2013•Issue 140•REm•43
Co
mp
lete
sA
pri
l 20
13
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PROUDLY SUPPORTED BY
BLUE SKY GROUP
www.GrandeCaribbeanPattaya.com PROJECT OWNER & DEVELOPER HEAD OFFICE: Blue Sky Developer Co.,Ltd. No. 10/167 (20A02C), 20A Floor, The Trendy Tower, Soi Sukhumvit 13 (Sangchan), Kweng Klongtoeynua, Khet Wattana, Bangkok,Thailand. TOTAL INVESTMENT VALUE: Over Baht 2 billion SALES OFFICE & SHOW ROOMS: Construction Site Thappraya road. Construction Begins in 2nd Quarter 2013 and will be complete December 2015.
newsREPORT
Atlantis progress after EIA approval
Above: A start has already been made at the Atlantis site but now that EIA approval has been won the resort can really step up the progress .
Blue Sky Development’s Atlantis Condo Resort, the water-themed condominium complex 300 metres from Jomtien beach, held a celebration party at its Jomtien Second Road showrooms following the granting of the all-important Environmental Impact
Assessment (EIA) approval from the government. Construction is beginning shortly and the 1,036 room complex will be completed in the spring of next year. Apart from Blue Sky executives and partner marketing and sales
companies, many estate agent representatives attended the party with an extensive buffet provided by Amari Orchid Resort. The Atlantis complex was already 90 per cent sold while still at preconstruction stage.
Treetops’ mixture of nature and style looks like a winner The Boutique Group of Companies held a well-attended launch party at the Pullman Pattaya Hotel G, WongAmat, for the Treetops Condominium. Boutique’s managing director Prab Thakral opened the proceedings by explaining that the 252 units are split over 12 floors of the Treetops Condominium, which is strategically located between Jomtien and South Pattaya (next door to Pattaya Court). The units are based on the principle of “nature meets style” emphasising its cutting-edge design, stunning sea views and prestigious location. Facilities of Treetops will include 48•REm•Issue 140•01/2013
a rooftop swimming pool, gymnasium, tropical roof garden, BBQ area, rental management services, professional landscaping, a resort-like nine metrehigh lobby and tip-top security throughout. The party also included the signing ceremony with the backerbank Siam Commercial, photo sessions, champagne toast, a lucky draw, the Vic Trio Band and party time with DJ Kenny. l The Boutique Group of Companies won top prize in the Thailand Property Awards 2012 for best retail development with Bangkok’s Sukhumvit 47, Rain Hill.
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theinterview
Always seeking to
REM: How long have you been working in real estate? Haim Bar-David: I started in real estate in Pattaya. It’s been it’s almost seven years. Our first project was Pattaya Heights, and later on we move to another two projects – Laguna Heights and Park Royal 1. Now we have 16. And soon we plan to launch at least one more. REM: Heights are one of the biggest developers in Pattaya. Is it becoming tough for big developers in Pattaya now? And if yes, what do you plan to do about it? HB-D: Right now more and more companies are entering the market. Most of them are very big ones from Bangkok. This makes me think that, in the long-term, only big companies will survive in Pattaya. These companies give professional service to the customer, build on time, and provide lot of facilities to their buyers. All developers who do small projects will not exist in this kind of market. I’m checking out other places in Thailand but for now I’ll keep that confidential. I will tell all later. REM: You talk about the large number of companies from Bangkok coming to Pattaya. Do you think Thai developers are big competitors to HH? HB-D: Most of these companies are selling to Thai people from Bangkok. They are building very good projects. I can name some of the biggest of them – Sansiri, Q House and LPN, for example. And I’m sure many more big Thai companies will enter Pattaya’s real estate market. Companies will move here from Hua Hin. I know that many Thai developers are buying a lot of land here. Sansiri will start a project close to Wongamat Tower. Right now we have a lot of Thai customers who come to us because Sansiri have got them interested in buying units in Wongamat. 52•REm•Issue 137•10/2012
Haim Bar-David, general manager of one of the most prolific developers on the Eastern Seaboard, Heights Holdings, explains why he feels it’s not good to combine a hotel and condominium in one building, which areas are the best to choose when buying a home, and how the prices of apartments in HH’s projects are rising rapidly. We feel if we have a project that’s unique and has very good location, we don’t mind healthy competition. In Jomtien you can see another picture. The new road has opened up a lot of land and many developers come with more and more projects which they make in the style of our Laguna Beach Resort brand. They just try to copy the success of our projects right now. For ethical reasons I’m not going to reveal the names of these companies. But those who copy us offer products of very different – and lower – quality than we do. Many of them don’t have underground parking; the apartments are furnished with poor quality furniture. We are the only one that offers good quality at a good price. Each of our projects is always better than the last; we are constantly improving. In some projects, for example, the distance between the buildings is only 16-20 metres. How can they call them resorts when they do this? In our latest project, The Maldives, the distance between the buildings is 120 meters. In Laguna Beach Resort 2 the distance between the buildings is 70 metres. In Laguna Beach Resort – 35. So you see – we improve and improve. Inexperienced developers just want to sell as many apartments as they can and not “waste”
any square metres. But this is a beginner’s mistake. First you should think about the clients to ensure they will be happy with their apartments. This way the sales go much faster. REM: How you control the quality of your projects? HB-D: For this we have a team of more than 20. My partner, Meny Borenstein, is responsible for the quality and timing of construction. Also, in every building we make staff available to solve customers’ problems. As for the building materials and furniture, we work only with the largest Bangkok suppliers. REM: You have a lot of Russianspeaking customers. It seems that the projects under the brand Laguna Beach Resort will be a kind of Russian-speaking community. Are you staking your future on the Russian market? HB-D: Russians now form about 60-65 per cent of the market of foreign buyers, but we do not focus only on that segment. There is a large market among Thai consumers, which will continue to grow. More and more people from Bangkok want to have a “second home” in Pattaya. Most Thais prefer to explore the market for themselves without the help of agents. They travel from the developer to the developer. This trend will bring us a lot of Thai customers in the next couple of seasons for sure. REM: Many Russian-speaking buyers are afraid that the
projects will not be built in time. How do you answer this? HB-D: Look at the Laguna Bay 1. In January, the project was in the very early stage of construction – piling. Soon the building will be complete. This demonstrates that we are constantly making progress. I think in the near future, the construction of any eightstorey building will take us 9-12 months, dependent on the complexity of the project. If it is a big project with a lot of buildings involved, its construction will take at least a year-and-a-half. But again, we are constantly improving, reducing construction time. Now in Pattaya you can see everywhere that the price of many apartments is Bt1m. Probably two-thirds of developers claim that customers can buy an apartment for this price. REM: Is this true that you can buy an apartment in a foreign name for Bt1m, or is it just a myth and “bait” for the client? HB-D: If a customer buys an apartment at a very early stage of a project, there is a good chance to find apartments at this price. But they will certainly be very small – about 24 sqm. But sure, in most cases, when a developer advertises units at less than Bt1m they are units available to buy in a Thai name. We advertise only real prices. For example, in the very beginning of sales in Laguna
improve Beach Resort Jomtien and Laguna Beach Resort 2 people bought apartments with registration for foreign name for the price Bt900950,000. Now the prices start from Bt1.2m. REM: Which path will HH take in the near future – to build affordable resort projects or something more exclusive and expensive? HB-D: We are focused on resortstyle projects, built to luxury levels. New projects will be either high-rise buildings with a great location, or eight-storey projects with great landscapes. Even if we plan only one building on the plot, we are not going to cut the territory, as many other developers do, by placing the pool on the roof. In our projects the customer can find a clubhouse with big pool, fitness club, and garden. The government is considering a new law that would regulate how many square metres a building can occupy in a plot of land. We see this as a hint to developers that they need to think about landscaping in their projects. It might turn out that on a plot of 10,000sqm the buildings can occupy only 5,000sqm. REM: When you looking for plots of land for new projects, what is important for you? HB-D: We already have a few plots for new projects that we will launch, perhaps as early as 2013. But we are always looking for new land, and the main factor is good location. REM: Which area of Pattaya will prove most popular in the near future? In other words, where should people look to buy property? HB-D: Different people like different parts of Pattaya. There is something for everyone and all areas are good in their own way. For me all projects located on the beachfront will be successful.
This is because most people buying in Pattaya want to see the sea and live not far from it. Good projects can also be found in Central Pattaya – for example, The Avenue Residences from Tulip Group. I should also give favourable mention to the part of Pratumnak located close to Walking Street. There are good condominiums in this area as Park Royal 2, Hyde Park and Unixx. REM: What can you say about investment side of your projects? How do the prices rise? Can you give a specific example? HB-D: Well, in our high-rise project Wongamat Tower prices rose by 30 per cent in 18 months. In LBR and LBR2 in 7-8 months, prices have increased by 30-40 per cent. Even in the new project, The Maldives, prices compared to pre-sale have already soared by 15-20 per cent. REM: Several developers here have collaborations with large hotel chains. Are you planning to do something like this? HB-D: We are thinking about this right now. Perhaps we will work with hotel chains in Pattaya and in other Thai locations. Today we can see many hotels with few rooms available. I think, in time, this problem will grow much bigger, because many of the tourists who came here once, come back again and again. The differences between the so-called high and low seasons has almost disappeared, there are more and more low-cost charter flights coming here. The number of tourists grows; we lack hotels. But, if we work with hotels, we definitely will not, as many developers do, combine the hotel and condominium in one building. People who buy units in a condo don’t want to live in the same building as tourists. Residents perceive the apartment as their home, tourists
– as a temporary place to stay. A good way to avoid this is limit the amenities and buildings used by visitors and residents. REM: Many people are waiting with bated breath for the opening of your showroom for three projects branded Laguna Beach Resort. When will it open, and what we will find there? HB-D: This will be the largest showroom in Pattaya with an area of more than 1,000 square metres with several floors, balcony, cafeteria and a cinema where customers can see short films about the projects. We are planning a grand opening in mid-January. This showroom will distinguish Heights Holdings from other companies in the market. Customers will realise that we
offer them something absolutely different. Last season LBR and LBR2 were best sellers in the Pattaya in the Jomtien area. Most agents show clients our showroom after they see all others, and when they actually see what quality and design HH offer, they immediately the decide to buy in our projects. REM: Do you have your favourite development? HB-D: I love all our projects equally. They are all different, and I take part very actively in all of them. I spend a lot of time in discussions with architects and landscape designers, to think though every detail together. So I cannot say I like some projects more than others. I love them all, and I can vouch for their quality! Ω 01/2013•Issue 140•REm•53
THE
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regularcolumnist
American journalist and property investor Bart Walters has been living in Thailand for 10 years, first in Bangkok, then in Phuket and now in Pattaya. Bart publishes his inside views on Pattaya and its property market in various print and online publications including International Living and Escape America. He can be contacted at bkkbart@gmail.com
thailand’s economic forecast ...
Mostly sunny with a chance of turmoil
W
hen I was in college, about a hundred years ago, I decided to be an Economics major. Let me tell you something … if you walk into a Starbucks with a Bachelor’s Degree in Economics, it still costs Bt80 to get a latte. I put economists in the same category as stock brokers. If they knew so much, why aren’t they all rich? As I learned later in life, Economics is one of those social sciences that can help you understand the bigger picture. Living here in Pattaya these past six years, I haven’t taken much time to look at the big picture. It seems with every passing year I care less and less about what is happening in the world outside Thailand, or even Chonburi Province. Even events in Bangkok seem light years away. Apathy can be an expensive pastime for an investor. Especially in a country that goes from “hunky dory” to “holy crap” in the blink of a coup. So, I decided to plug back in the
56•REm•Issue 140•01/2013
‘‘
By bart walters old socio-economic feed and ferret out the issues that will determine Thailand’s course in the near future. Politics and economics are necessary, but uneasy, bed partners in this part of the world, and that’s exactly where things are heating up. I believe two major developments will determine Thailand and its benefactors’ success over the next few years.
Courtship of Yingluck First let’s look at the courtship of Yingluck Shinawatra. The charming young head of state is attracting suitors of the superpower kind; namely, the US and China. If she plays her cards right, Thailand stands to gain billions in foreign investment, jobs and global clout. The burgeoning middle class will continue to swell and all of this political sword rattling can fade away. Eleven days after starting his second term as US President, Barack Obama revealed his intention to camp out in China’s back door; right here in
Apathy can be an expensive pastime ...
especially in
a country that goes from
‘hunky dory’ to ‘holy crap’
’’ in the blink of a coup.
To us: Mr Obama and Ms Shinawatra drink to future co-operation.
the Land of Smiles. South-East Asian politics just got a little more intriguing. Mr Obama characterised the move as a “pivot” towards all matters Asian. It is interesting that the word “pivot” in basketball terms (Mr Obama’s favorite sport) means to change direction and focus on someone attacking your goal. (George W Bush liked to use cowboy analogies, Mr Obama leans towards sports). In typical American fashion, spin-doctors rebranded this phrase into “re-balancing” towards Asia. During his first term, Mr Obama actually claimed to be the first “Pacific President”. However, Arab Spring and lingering wars in the Middle East had him “pivoting” in a different direction. Apparently sometime during the past four years, China has finally got the President’s attention. More than a decade of currency manipulation did draw some harsh criticism from the American government, but in general they’ve had a “hands off” policy towards the Chinese. Now that China has launched its first aircraft carrier, stirred up a territorial hornet’s nest in the South China Sea and attempted to exert an inordinate amount of influence in newly democratic Burma … well I suppose a “pivot” is called for. Mr Obama’s sparring partner in the last election mistakenly identified the biggest threat to America as Russia. Apparently Mr Romney had been watching too much old Ronald Regan footage. Newly re-elected Barack Obama knows exactly who poses the greatest
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threat to the American way of life, and he isn’t waiting for them to show up on the doorstep. Receptions to Mr Obama’s SouthEast Asian visits were as varied as the countries that make up the Association of South-East Asian Nations (ASEAN). The big headliner, of course, was the first visit of a sitting American President to Burma (Myanmar). Most of the Western view was that the Americans were patting bad boy Burma on the head for at least making an attempt at democracy. The Chinese naturally blasted the Burmese visit insinuating the Americans were trying to buy their loyalty and not rewarding any move towards democracy. Mr Obama’s visit was meticulously calculated. In total he spent six hours on Burmese soil. He met with the President Thein Sein and the opposition leader Aun San Su Kyi and gave a televised speech at Yangon University. I’d say that move was successful for Mr Obama. “Make historical headlines … check. Display your backside firmly in China’s face … check.” The next stop was Cambodia. Gone were the throngs of well-wishers that met his motorcade in Burma. It is clear that the Americans view Cambodia as a country moving away from democratic freedom. And, as one of China’s closest allies in the region, Cambodia’s authoritarian regime is drawing more criticism from other members of ASEAN. According to Economist Intelligence Unit: “US officials declared publicly that Mr Obama visited the country only to attend the ASEAN-hosted East Asian Summit (EAS); his brief interactions with the Cambodian Prime Minister, Hun Sen, were visibly frosty.” Nobody was surprised to see the American President’s first stop in the region was right here in pro-American Thailand. Mr Obama referred to Thailand as the “US’s oldest ally in Asia”. His goal was to support Thailand’s tumultuous democracy and pour praise on the Yingluck Shinawatra-led government. At times the interaction between the two leaders bordered on flirtatious. “Why Mr Obama, are those trade agreements in your pocket?” Even though no current free 58•REm•Issue 140•01/2013
trade agreement exists between the US and Thailand, with bilateral trade amounting to more than $35 billion last year … things are already pretty cozy. Mr Obama also came to gather support for his vision of a regional free-trade bloc known at the TransPacific Partnership (TPP), a concept Yingluck embraced and promised to join negotiations. The TPP talks include the US, Canada, Mexico, Chile, Malaysia, New Zealand, Peru, Singapore and Vietnam and are geared toward eliminating tariffs and other barriers to goods and services trade and investment between members.
At times the interaction between the two leaders bordered on the flirtatious.
‘‘
Boost to global trade Some estimates suggest the partnership could boost global trade by up to 12 per cent. According to Peter Petri from the East-West Center and the Peterson Institute for International Economics, Thailand would enjoy the second largest percentage gains in GDP of TPP members once the deal is concluded, with incomes rising a possible 7.6 per cent. Mr Obama and the Thai Prime Minister worked their charms on each other in public to great amusement. It was one big old political love-fest and a great warm-up for the Burma visit. Obviously the US President’s presence in South-East Asia, showing support for Burma and Thailand’s democracies, and especially his attendance at the EAS will recharge US ties in the region. The real question for those who live here is “what effect
Thailand would enjoy the
second largest percentage
gains in GDP of TPP members once the deal is concluded, with incomes rising a possible 7.6%
does this picking of team mates have on intra-regional relationships?” ASEAN is no joke. The ASEAN Economic Community (AEC) is coming in 2015. Much of the success of the AEC depends on the idea that ASEAN countries can act in concert to launch a united front in the global eco-political chess game. US re-engagement could strengthen ASEAN’s worldwide clout. It could also emphasise already stark contrasts between member nations. Vietnam and The Philippines welcome US involvement as a counter-weight to China. Cambodia and Laos want to minimise US involvement. Everybody is working an angle to get a foothold in Burma. Some cracks in the veneer were shown during the run-up to the EAS when an intra-ASEAN disagreement about how to approach conflicting territorial claims in the South China Sea made headlines. In the end, they just agreed not to talk about it. If they aren’t careful, ASEAN’s proud reputation for always being able to forge a consensus may be in jeopardy. Regardless of some shortcomings, Mr Obama has made it clear he plans to cozy up to its old friend Thailand and the increasingly legitimate ASEAN. But, the smooth-talking American President isn’t the only guy at the dance. Chinese Prime Minister Wen Jiabao was quoted as saying about Thailand: “We are one family. We have deep and close relations.”
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China is courting Thailand and all the other ASEAN countries as well. When the Prime Minister made a visit, he got the same pomp and circumstance as Mr Obama. Besides a controversial surplus rice deal worth Bt6.24bn, the two leaders also considered co-operation on many other farm products including tapioca, rubber and fruit. Thailand and China say they will forge co-operation on infrastructure development, agriculture, investment and Mekong development schemes. “It is China’s pleasure to co-operate with Thailand to help each other coordinate on regional affairs, notably to promote relations between China and ASEAN, for peace and prosperity in the region,” Mr Wen said. That’s political pillow talk if I’ve ever heard it. Yingluck responded by opening a Chinese Cultural Centre in Bangkok. It appears Ms Shinawatra has more than one fish on the line. Perfectly positioned So, with the world’s two biggest super powers contesting for Thailand’s favours, it would seem the Kingdom is perfectly positioned to enhance its global status. Political and romance triangles are similar. Things could be endlessly satisfying or go horribly wrong. My money is on Thailand’s leadership to pull off this juggling act. But, it isn’t just the world stage Thailand has a future performing on. The development of ASEAN and other agreements have also put Thailand in the regional leadership spotlight. And, the impending implementation of the AEC in 2015 is ticking like an economic time bomb. Many of you reading this keep hearing the terms ASEAN and AEC, but may be unaware of exactly what they mean and how they will affect life here in the Land of Smiles. So here it is in a nutshell. The Association of South-East Asian Nations (ASEAN) is a geopolitical and economic organisation of 10 countries which was formed in 1967 when just five countries were involved – Indonesia, Malaysia, the Philippines, Singapore and Thailand. Since then membership has expanded to include Brunei, Burma, Cambodia, Laos and Vietnam. 60•REm•Issue 140•01/2013
ASEAN aims to accelerate economic growth, social progress, and cultural development among its members while protecting the region, ensuring peace, stability and opportunities for member countries to discuss differences. ASEAN covers a land area of 4.46 million square kilometers which isthree per cent of the total land earth area and has a population in excess of 600 million people; 8.8 per cent of the world’s population. In 2010, the combined nominal GDP was US$1.8 trillion. If ASEAN was a single entity, it would rank as the ninth largest economy in in the world behind the US, China, Japan, Germany, France, Brazil, the United Kingdom and Italy. For the 2011-2012 period ASEAN is estimated to have had economic growth of 5.7-6.4 per cent in contrast to the global economy which only grew by 3.3-3.7 per cent. In the 2007 ASEAN Summit Meeting, leaders affirmed their strong commitment to accelerate the establishment of an ASEAN Economic Community (AEC) by 2015. The AEC aims to make ASEAN a more dynamic and competitive economic block by making it a single market and productions base by 2015 governed by the principles of an open, outward-looking, inclusive, and market-driven economy. As a single market and production base, the AEC comprises five core elements. These are free flow of ... goods, services, investment, skilled labour and freer flow of capital.
A slightly more formal greeting for the Chinese Prime Minister Wen Jiabao from Thai counterpart Yingluck Shinawatra.
‘‘ It is China’s pleasure to co-operate
with Thailand to help each other
co-ordinate on regional affairs, notably to promote relations between China and ASEAN.
In November 2007, the AEC Blueprint was adopted and it outlines the measures to be taken and the schedule of implementation. A scorecard mechanism was developed to monitor the schedule of implementation, and in 2010 the first AEC Scorecard was published covering the first two-year period. The scorecard noted that the implementation of the regional commitments during the period under review was generally positive, with around 73 per cent of the AEC legal instruments targeted within the period having entered into force. Thailand has generally been a leader in most areas, dragging its feet a little on free flow of labour. Stumbling blocks Most experts agree that for Thailand to fulfill its commitments to various AEC agreements and protocols it has to revamp its two major legal stumbling blocks: the Foreign Business Act (FBA) and the Alien Employment Act. It is important to understand that while each of the participating ASEAN countries can agree to support the AEC and a myriad of other initiatives, they still have to adjust local laws and sentiment to actually give the ASEAN efforts teeth. Again experts agree that neither Thailand’s business leaders nor general public understand the AEC and how it will affect them. Unless Thailand’s leadership can improve widespread comprehension of the
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AEC, many will be left out when it comes to reaping regional benefits. But, most experts agree that Thailand will be the home base of operations for ASEAN and AEC implementation. According to The Nation, 11 July 2012: “Thailand will be the base for the offices for foreign interests expanding their investment in the region after the ASEAN Economic Community (AEC) becomes effective in 2015.” CB Richard Ellis Thailand managing director Allisawasa Pattanathabutr told The Nation that after the financial crisis in 1997, demand for new office space grew slowly, at less than five per cent a year, but now demand is growing by an average of 10 per cent annually, and will work out to about 100,000sqm this year. This surge is due to the country’s economic growth and the need to set up head offices for foreign investors doing business not only in Thailand but other ASEAN countries, especially Myanmar. Not leaving the country She went on to say that even though Thailand faced a flood disaster in the previous year, most foreign investors had maintained or expanded their presence in Thailand, as shown by the new contracts to buy land at industrial estates. Some may be avoiding flood-prone areas, but they are not leaving the country. Some industries looking to expand in such emerging countries as Myanmar, Cambodia and Laos under the AEC will also need to use Thailand for their office bases because of this country’s superior infrastructure. That’s why Allisawasa believes that the office market here will see strong growth in the next two years, and this is a good time for property developers to expand their investment in this sector. But it’s not just the office property sector that will benefit. Sales of residences and condos will proliferate as well. According to Allisawasa, the demand for luxury condos priced at more than Bt120,000 per sqm is recovering after the market dropped during the economic crisis of 2008. 62•REm•Issue 140•01/2013
She went on to say the demand was now coming from domestic buyers, who have accounted for 87 per cent of sales of luxury condos so far this year, with the rest mostly from Asia, such as China, Singapore, Japan, Hong Kong and the Middle East. The demand focuses on twobedroom condos priced between Bt820m. This recovery is seen in both Bangkok and resort destinations such as Pattaya, Phuket and Hua Hin. Meanwhile, demand from the middle market – condos priced lower than Bt120,000 per sqm – has also recorded growth when compared with the same period last year because some people have decided to buy condominiums rather than lowrise residences. In an interview with The Nation, Samma Kitsin, director general for the Real Estate Information Centre, said more optimism about the property market in Thailand was apparent. Samma said: “Gains will come through foreign investors expanding their investments in ASEAN countries. They will need office space, serviced apartments and residences to support their business expansion. “After the AEC becomes effective, most of the multi-national firms will move their top management and operation staff to the region. Most of them will need space for work and living. This will provide opportunities for property firms who develop office and condominium projects.” Throngs of experts agree, the general upswing in business as a
Pomp and circumstance – the Chinese Prime Minister Wen Jiabao inspects a guard of honour during his visit to Thailand.
‘‘ Gains will come through foreign investors
expanding their investments in ASEAN
countries. They will need office space, serviced apartments and residences to support their business expansion.
result of AEC implementation bodes well for the property business. But, they also agree that unless Thailand makes some adjustments in advance, the coming boom could be severely diluted. Most notably, relaxing foreign ownership rules, making financing more available for foreigner investors and reigning in an unregulated real estate industry. All of these issues have been identified as possible barriers to taking full advantage of AEC implementation. Whether or not the leadership in Thailand will be able to make the needed adjustments is the “X Factor” in this equation. A golden era of opportunity? One thing is clear: Thailand could be moving into a golden era of opportunity. The two most influential super powers on the planet are courting Thailand like it’s the only pretty girl at a party. The coming wave of change and opportunity that the AEC brings places Thailand firmly in the catbird seat of leadership. It seems like the powers-that-be would almost have to go out of their way to mess things up. So after putting on my macroeconomic goggles on for a while, it appears the future for Thailand is bright indeed. Now I can retreat into the safety of Pattayaworld and go back to ignoring what’s going on out there. Once again it seems I am fortunate enough to be in the right place at the right time. Bart Walters
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AGENTPROFILE
Two companies set up with one goal in mind – satisfied clients
L
ast October two English real estate professionals got together to form not one, but two, companies to offer brokerage services for both off-plan developments and re-sales and rentals of established properties, writes Dave Buckley. The pairing – Ashley Tiernan and Alan Beilby – set up Direct 2 Developers Co Ltd and Pattaya & Jomtien Real Estate Co Ltd in new offices on Third Road just before the start of the flyover that takes you to Bali Hai pier. Easy to find/park The offices, which opened in November, are easy to find – I can attest to that – it’s not difficult to park outside and the location is central for both Pattaya and Jomtien. As the names suggest D2D caters for off-plan while PJRE is about re-sales and rentals. Ashley and Alan felt it important to let prospective
clients know that they are not just about new builds. But, that said, they are both happy to recommend either off-plan or completed properties, dependent on the customers’ needs. Not about brochures Alan explained: “We’re not in the business of throwing hundred of brochures at our customers. We want to discuss what they like, the preferred location and the budget and so on before making our recommendations.” Ashley added: “Our aim is to provide the highest level of service to property owners and to purchasers and renters. We offer obligation-free advice and will always give an independent opinion on all available properties to purchasers.” Between them Alan and Ashley have close to 20 years’ real estate experience under their belts – Ashley mainly in Pattaya and Alan in Australia and Dubai.
about the partners Ashley Tiernan hails from Coventry. After completing his degree in Computer Science at the city’s university he travelled around Australia for a while. In 1999 he decided to visit Thailand and has been here ever since. Ashley has a Thai wife and two sons and has lived and worked in Pattaya for the past eight years. This experience in the Pattaya real estate market makes him one of the most knowledgeable and respected agents in the region. Ashley has worked with all of the leading developers selling off-plan condominiums and reselling condos, villas and houses to an international client base. Before deciding to enter into the D2D and PJRE partnership he was the International Sales Manager with Matrix developers. He can be contacted on 0820 905489. Alan Beilby was born in Leeds but has travelled the world for most of his life, living and working in England, Australia, the Middle East and SE Asia. From 2000 to 2006 Alan was the general manager of a group of real estate offices on the Northern Beaches of Sydney. During that time he gained qualifications in Real Estate Sales and Operations. He is a certified Real Estate trainer and is one of the few agents to hold accreditation with ASIC, the Australian Securities and Investment Commission to give financial advice on securities and managed investments (property). From 2006 to 2009 Alan was GM for Dubai’s largest project marketing company. When the financial crash happened he returned to Australia to take stock for a while before deciding to relocate to Pattaya. Alan can be reached on 0848 655439. 01/2013•Issue 140•REm•73
SPECIALFEATURE
Sixtythree@12: Here’s what makes it ‘unique and funky’
E
ver looked into the meaning of the word “funky”? Me neither! It’s one of those words that everyone feels they understand ... but if you were to put someone on the spot and ask them the meaning they might struggle, writes Dave Buckley. In truth, it’s not something I’ve given much thought to previously, but when Jason Young of Anaakot Developments told me that the slogan for their first project – Sixtythree@12 – was “unique and funky” I thought maybe I should look it up. The answer that the web produced was that funky means something that is “characterised by originality and modishness”. I think I knew that but couldn’t quite put it into words. But the definition seems to fit the bill of what the developers are bidding to achieve. Even the name is kind of funky though there is a simply explanation for it; Anaakot are building a boutique condo comprising 63 units in Soi 12 in Naklua. It just describes succinctly what they are doing. What is the development’s USP (unique selling proposition)? Actually it is a combination of a few things: l It will be a boutique hotelstyle condo – all the units are described as suites; l It will be built in a select
78•REm•Issue 140•01/2013
area suitable for those who prefer not to have late night entertainment on their doorstep; l It will offer a wide variety or room options at prices starting at less than Bt60,000 per sqm – very reasonable for the area. Letting service The condo building will be supervised in a professional hotel-like manner. “We intend to run it so that it’s nice for people to live there – like staying in a well-run hotel,” said Jason. “We will provide a full letting service for those seeking rental income but we will stipulate that investors take our full furniture
package to ensure consistent quality for those staying here.” The full package includes everything from curtains right down to the knives and forks. But those who buy with the intention of living in Sixtythree@12 will not be obliged to take that package. Even so they will receive many things as standard such as modern kitchens and bathrooms, built-in wardrobes and concealed airconditioning units. Jason added: “The area around the project is very clean and is favoured by families. A large hotel group has recently bought the land around our
development so those who buy in Sixtythree@12 have the added benefit of knowing in advance that they will have good neighbours as opposed to the dreaded 4am karaoke bar. Good restaurants “The whole area is a delight. Nearby there is already a large number of hotels, clusters of good restaurants and other amenities – many of them run by the up-scale Zign hotel.” The suites vary in size from 26sqm up to 77sqm. “For a comparatively small project we have lots of different options,” said Jason. Options include one-
bedroom units sized at 31sqm or 46sqm. But that’s not all. “On the top floor we have a spacious one-bedroom corner unit that’s 60sqm and on the ground floor there are onebedroom units that offer private access to good-sized tropical garden and terrace areas.” Although this is Anaakot’s first project it should be made clear that the principals of the company have years of experience with other developments here in Pattaya. “My partner Itzik (Segman) has previously been involved in several of the city’s best projects,” said Jason. But this will be no
copy-cat design. “We wanted to create something different from the current market offerings,” said Jason. “If you look around you will see many developments with exactly the same units plans and designs. All our units have been planned with the boutique hotel concept in mind.” Brokerage side Regular readers may recall that I wrote about the brokerage side of the Anaakot business a few issues back. It was my intention to follow it up in the subsequent issue with a story about Sixtythree@12. So what happened to my best laid plans?
“IEE (Initial Environmental Evaluation) is what happened,” said Jason. “Most people are aware that EIA (Environmental Impact Assessment) approval is needed on larger projects but with a single building, eightstorey project such as ours we expected the process to be quicker and easier. “On reflection it seems to us that the only difference is in the initials!” I won’t attempt to go into the detail of the reasons for the delay but let’s just say that the timely use of a tape measure on the road adjoining the intended building seems to have done the trick.
“We can talk more about the project now that all final points have been answered,” said Jason. Starting construction “We expect to begin building at the end of the first quarter of this year with a view to completion by the end of 2014. “There are attractive payment plans and we still have a number of all units types available and plenty of foreign quota.” Ω l Fuller project information can be found by visiting: www. sixtythree-12.com. For more details contact Jason on 0878033329 or e-mail him at jason@anaakotgroup.com.
01/2013•Issue 140•REm•79
82•REm•Issue 140•01/2013
MYSTERYcolumnist
Our mystery broker looks at the growing pains of Pattaya and tries to suggest some solutions. If you have any pet peeve about the way things get done here in Pattaya email the publisher Dave Buckley on dave@remthai.com and he will pass your thoughts on to our correspondent for possible inclusion in a future issue.
Will 2013 be fix-it year?
W
ith Christmas and the New Year now behind us we can look forward to what 2013 will bring for everybody here in Pattaya. The high season has certainly been a busy one in terms of rentals for most, if not all of us in the real estate industry. It was good to see that the number of people in the bars and restaurants was also noticeably higher than the same period last year. I think we are all hoping that this is a sign of things to come in the future. As I often refer to, the dynamics of Pattaya are changing and we now appear to be in a better position to change and evolve to meet these demands. Pattaya certainly is now a city that is more than capable of catering for families and this family environment can be found in many areas of the town. City Hall has been successful
86•REm•Issue 140•01/2013
‘‘ ’’
By undercover AGENT in moving some of what was often regarded by many as “seediness” away from Beach Road. The bars still exist and remain popular, but by simply moving them into quieter areas Pattaya can enjoy the best of both worlds. I think it is fair to say that this is only to the benefit of everyone, be they bars, restaurants or, indeed, the real estate agents and developers.
Different markets The Christmas and New Year period is a time (not that this is the only time!) when we get invited to a number of condo openings with developers trying to promote their projects. These events are always interesting when you see the different markets that are being catered for. This certainly gives you a good impression about the visitors that are coming to our city and what they are actually looking for. Most of
I would have thought that these cutthroughs
eased the burden of
traffic rather than making it worse.
these projects are selling very well so I think we can concur that Pattaya is still on the up. One concern that I think many have raised over the past couple of years has been about the infrastructure in the city and if it is actually physically capable of coping with a massive influx of visitors? I have noticed a few people commenting in the local press and forums about the traffic in Pattaya. I must admit it is something that I noticed especially in December – the high volumes of traffic that are gridlocking our city. Where we used to be able to use the small sois as shortcuts many of these are now blocked with barriers forcing us to go in the opposite direction to what we actually want! I would have thought that these cut-throughs eased the burden of traffic rather than making it worse – especially if the motorbikes can get
‘‘
to their destinations quicker rather than weaving between cars? Perhaps improving the road networks within Pattaya is something that should be reviewed? With that said, the road networks bringing people into the city have certainly improved over the past two or three years. Highway 7 coming into the centre of the city has reduced transfer time from the airport and Bangkok significantly and made it easier for people to get to and from Pattaya. Jomtien Second Road and the road next to the railway line in East Pattaya have both been markedly improved, making getting around in these locations a lot easier. Perhaps it is just the central areas that need looking at? Rail links Away from the roads I have been reading that there are plans to build a high-speed, Chinese-style, rail link (see picture left) from Bangkok to Pattaya. Again this would be beneficial in bringing people to and from Pattaya but would do nothing to relieve the pressure within the city. The plans for Skytrain in Pattaya appear to have been shelved long ago but perhaps this is the only way forward by improving public transport? Surely, improving the public transport or trying to make the public transport more appealing would be
Surely in
the modern world –
with 3G readily
available in
Pattaya – it would be relatively easy to improve the network and increase the number
’’ of lines
available?
beneficial. Dare I say it, perhaps even a bus lane and cracking down on double parking may alleviate some of the pressure. We don’t want to be governed by many of the unnecessary laws of the West but I think that most would accept that a select few might help. It is not just the infrastructure in terms of roads and transport that has proved to be a problem in recent years. The flash flooding experienced in both 2011 and 2012 in Pattaya also raised concerns for many. The flooding appears to be more common and is this simply because the water cannot drain away because of the amount of concrete, or are weather conditions deteriorating? It does have to be said that I think both factors are true but perhaps developers need to take this into account when they are building their projects. I remember a condo in 2011 where the underground car parks got severely flood causing widespread damage. If we can’t stop the rains coming then we must put the best facilities in place to deal with the effects. Another area that has raised issues is the internet in Thailand or, more to the point in Pattaya. One thing that I have noticed in our industry is that often internet lines are not available for some of the older condos or more outlying villages in East Pattaya. Surely in the modern
world – with 3G readily available in Pattaya – it would be relatively easy to improve the network and increase the number of lines available? The internet is something that is used by the vast majority of people these days and most people expect access to it here in Pattaya – be that in a house, condo or even a hotel. This is something that really needs to be addressed by all parties that are involved. After putting a dampener on everyone’s New Year I will try and end on a more positive note as this is a city that we all love and appreciate. Every taste catered for The restaurants, supermarkets and more up-market bars are excellent in Pattaya. Every nationality, religion, race and taste is catered for as well as most people’s budgets. It is easy to forget that although Pattaya is growing at a rapid rate it is still relatively small in terms of its physical size. We really are lucky to have this sort of exposure to a variety of foods, drinks and cultures that perhaps you can only otherwise experience in the major capital cities. As always space is running short. I hope that 2013 is a wonderful year for all concerned. I am sure that Pattaya will continue to prosper and be a place that we will all appreciate for years to come. Well, until next time, keep enjoying the Land of Smiles! Ω 01/2013•Issue 140•REm•87
Look out for your copy in mid-January
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pattaya living The next issue of the midmonth edition of REm will be packed with items of interest such as The Day
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broker & developer directory
A view of the projected Southpoint Pattaya development from Kingdom Properties which is the subject of this issue’s cover story.
Your at-a-glance guide to some of the major players in the Pattaya property market. We do not claim this is a comprehensive list of all the brokers and developers who can provide a service but we hope readers will find it helpful.
Sponsorship of this directory is now available. If interested to know more please contact Dave on
087 988 0799
a g e n t s AAAA Properties Jomtien Plaza Condotel 406/37 M12 Jomtien Beach Road T: +66 (0)38 756 370 F: +66 (0)38 757 015 M: +66 (0)86 144 1312 E: info@aaaaproperties.com W: aaaaproperties.com Principal: Louis J Van den Bergh ACI Enterprise Co Ltd (incorporating ACI Ocean Properties) 672/20 M5 Soi 18, Naklua Road next to Northpoint, Wong-Amat T: +66 (0)38 41 6060 F: +66 (0)38 41 6061 M: +66 (0)81 762 2627 E: info@aci-enterprise.com W: aci-enterprise.com and pattayaoceanproperties.com Principal: Markus Probst Memberships: CRS, REBA (Thailand), REBA-ES, RETS (Thailand), NAR
Property Consultants
Alan Bolton Property Consultants Unit C102, 399/9 M10 The Avenue Shopping Mall Second Road near Villa Market T: +66 (0)38 416 728-9 F: +66 (0)38 416 730 M: +66 (0)81 996 2489 E: info@pattaya-property.net W: pattaya-property.net Principal: Alan Bolton Memberships: REBA (Thailand), REBA-ES, RETS (Thailand), TREBS
Anaakot Group Property Consultants 138/1 Moo 12, Soi Chayapruk, Jomtien T: +66 (0)38 231544 M: +66 (0)8780 33329 E: info@anaakot-group.com W: Anaakot-Group.com Principal: Jason Young
The following are among the trade organisation memberships or qualifications held by some of the agents. Note that, in some instances, the qualification is with the individual employee – not the company overall. AIPP: Acronym stands for The Association of International Property Professionals which is a not-for-profit organisation whose aim is to improve the standards of professionalism in the international property market, helping both the industry and the public. Members have voluntarily signed up to follow the AIPP Code of Conduct. CIPS: Certified International Property Specialist – this is a members-only group which is for international practitioners of the National Association of REALTORS®. CRS: Certified Residential Specialist (CRS) is the top professional designation awarded to REALTORS® in residential sales. Held by fewer than five per cent of all REALTORS®. NAR: National Association of Realtors is North America’s largest trade association representing more than 1.2 million members. Members can call themselves REALTORS®. NAR also functions as a self-regulatory organisation for real estate brokerage. REBA (Thailand): This is the nationwide Real Estate Broker Association with affiliation to the international Council of Residential Specialists. REBA-ES: The Real Estate Broker Association for the Eastern Seaboard.
RETS (Thailand): Real Estate Training School (Thailand) – brokers seeking membership of REBA must have staff attend and pass their test. More overleaf
Arise Asia 477/25 View Talay 5C, Thappraya Road Second Office: 415 Pratumnak Hill Soi 6 T: +66 (0)38 075 610 M: +66 (0)85 228 8911 (Thanya) or (0)89 555 7177 (office) E: info@ariseasia.com W: ariseasia.com Principal: Thanyamai Totharong (Thanya) Memberships: CRS, REBA (Thailand), REBA-ES, RETS (Thailand), NAR Benchmark Asia Property Co Ltd 315/309 M12, Thepprasit Road T: +66 (0)38 304 133 M: +66 (0)81 792 9486 E: info@benchmarkthailand.com W: benchmarkthailand.com Principal: Gareth De Silva Memberships: CRS, REBA (Thailand), REBA-ES, RETS (Thailand), NAR
Big Mango Properties Main office: South Pattaya – Soi Big Mango off Third Road T: +66 (0)38 713 118 Second office: North Pattaya – Wong-Amat Residence, 505/1 Moo 5, Soi 16 Naklua Road T: +66 (0)38 725 001 T: +66 (0)2 258 8421 F: +66 (0)2 258 8420 M: +66 (0)89 685 2198 E: michael@bigmangoproperties.com W: bigmangoproperties.com Principal: Michael Barricelli Bizhouse Co Ltd 324/22 Moo 9 Central Pattaya Road near junction with Third Road T: +66 (0)38 416 322 M: +66 (0)89 0924593 E: info@bizhouseproperty.com W: bizhouseproperty.com Principal: Richard Arthur Century 21 – B2 Real Estate 315/2 Moo 9, ( Soi Lengkee ) Nongprue, Banglamung, Chonburi 20150 T: +66 (0)38 421 652 M: +66 (0)90 125 3200 E: fery@b2realestate.com W: b2realestate.com Principal: Fery Horvath
AGENTS DIRECTORY • 01-02/2013 • Issues 140 and 141
All Siam Properties M: +66 (0)87 068 5159 E: info@allsiamproperties.com W: allsiamproperties.com Membership: TREA
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d i r e c t o r y
a g e n t s
d i r e c t o r y
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Coastal Real Estate Office 1: 216/62 M10, Soi 13 (Soi Diana next to Mega-Break) T: +66 (0)38 421 580 Office 2: 426/1 M12, Jomtien Beach T: +66 (0)38 231 443 M: +66 (0)81 269 0742 E: info@coastalrealestatepattaya.com W: coastalrealestatepattaya.com Principal: Kevin Mattson
Colliers International Thailand 519/4-5 Second Road, opposite Central Festival, Pattaya Beach T: +66 (0)38 427 771 F: +66 (0)38 427 772 M: +66 (0)85 2828 120 E: info.pattaya@colliers.com or mark.bowling@colliers.com W: colliers.co.th Principal: Mark Bowling Memberships: RICS
AGENTS DIRECTORY • 01-02/2013 • Issues 140 and 141
Delight Real Estate Co Ltd 308/58-59 M12 Thappraya Road T: +66 (0)38 251 415 M: +66 (0)89 542 3041 (Eng/Ger/Dutch) or +66 (0)89 253 8842 (Thai) E: info@delight-realestate.com W: delight-realestate.com Principal: Anne-Marie Adriaans East Coast Real Estate Co Ltd Office 1: 414/19 M12 Jomtien Complex T: +66 (0)38 267 030-1 F: +66 (0)38 267 029 M: +66 (0)81 862 8034 Office 2: 485/4 M10 Second Road T: +66 (0)38 723 615-6 E: info@thaiproperty.com W: thaiproperty.com or thaiproperty.net Principal: David Gray Advertisement: Page 41 Executive Homes Pattaya On behalf of: Risk Protection (Thailand) 160/4 Moo 5, North Pattaya Road, T: +66 (0)38 414 250 M: +66 (0)89 247 8448 W: Executive-Homes-Pattaya.com
RICS: Royal Institution of Chartered Surveyors – an independent body which regulates the conduct of property professionals and surveyors in the UK and other sovereign nations. RICS provides education and training standards, protects consumers with strict codes of practice and advises governments and business. TREA: The Thai Real Estate Association aims to be the hub of the real estate profession here by encouraging entrepreneurs to operate to standards of quality and ethics; to create the maximum benefits for developers, government and consumers altogether. TREBS: The Thailand Real Estate Broker School provides training for real estate professionals. The course includes real estaterelated laws, broker law, broker ethics, listing and sales techniques, reconciliation techniques, property evaluation, property transfer procedure and tax calculation.
Farang Property Services 223/32 M9, Third Road T: +66 (0)38 052 495 F: +66 (0)38 052 496 M: +66 (0)89 938 7433 E: info@farang-services.com W: farang-services.com Principal: Manfred Ehrenheim Advertisements: Pages 4 and 5 Five Star Villas & Condos Main office: Pratumnak – Tara Court 388/109 M12, Pratumnak Road Second office: Jomtien – B30, The Village Shopping Centre M: +66 (0)81 938 8391 Robert or (0)809 16667 Mesiya E: sales@fivestarvillasandcondos.com W: fivestarvillasandcondos.com Principals: Robert and Mesiya (May) Watson Memberships: CRS, REBA (Thailand), REBA-ES, RETS (Thailand), NAR, TREBS
Global Property Global Solidor Enterprise Co Ltd North Pattaya – 157/142 Moo 5, Naklua Road T: +66 (0)38 427 364 M: +66 (0)82 469 5551 or +66 (0)81 838 1390 E: info@global-solidor.com W: global-solidor.com Principal: Rainer Heinzmann Memberships: REBA-ES Golden Homes Real Estate Co Ltd 33/39 M9 Soi Diana Inn T: +66 (0)38 720 892-3 M: +66 (0)86 826 8821 E: info@goldenhomespattaya.com or Ploy1@csloxinfo.com W: goldenhomespattaya.com Principal: Yupaporn Sangpagdee (Ploy) Jomtien Property 315/185-6 Thappraya Road near entrance to View Talay 2 T: +66 (0)38 303 243 M: +66 (0)86 108 6575 E: info@properties-in-thailand.com W: properties-in-thailand.com Principal: Stu Sutton North Shore Property Co Ltd 315/414 M12 Thappraya Road T: +66 (0)38 303 825-6 M: +66 (0)87 833 5066 or (0)86 323 4607 E: info@ns-property.com W: ns-property.com Principal: Mesa Wongsida NT Realty Asia 215/15-18 Second Road T: +66 (0)38 426 242 or (0)38 425 836 F: +66 (0)38 426 243 E: info@nt-realty.com W: realestatethailand.com Philippines office: 11 Malabanias Road Angeles City, Pampagna 2009 T: +63 (0) 45 892 5719 Principals: Tim Bunker and Peter Randall (directors) Memberships: REBA (Thailand), REBA-ES, RETS (Thailand), NAR
a g e n t s One Stop Real Estate 219/14 M9, Soi Yamato T: +66 (0)38 710 699 or (0)38 710 725 M: +66 (0)819 454 845 E: onestop@realesthai.com W: real-estate-thailand.com Principal: Mark Welch Memberships: CRS, REBA (Thailand), REBA-ES, RETS (Thailand), NAR
Pattaya Prestige Properties 2/28 Ground Floor, View Talay 7 F: +66 (0)38 059 632 M: +66 (0)870 217 014 E: info@pattayaprestigeproperties.com W: pattayaprestigeproperties.com Principal: Jan Nuyten
Est. 2001
Paradise City Property 116/27 M9, Pattaya Klang opposite Big C Extra (formerly Carrefour) T: +66 (0)38 373 966 M: +66 (0)81 761 3238 E: pattaya@paradisecityproperty.com W: paradisecityproperty.com Principal: Gavin Perfect Pattaya Bay Real Estate 405/23 Soi Bongkot T: + 66 (0) 38 374 623 F: + 66 (0) 38 374 623 M: + 66 (0) 811 580 065 ( English) + 66 (0) 807 247 476 ( Thai) E: info@pattayabayrealestate.com W: pattayabayrealestate.com Principal: Mal Patterson
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Pattaya Realty 219/1 Tipp Plaza, Second Road T: +66 (0)38 412 301-2 6,968,000 M: +66 (0)89 833 6175(CS5049) orSale(0)89 832 7226 Sale 11,900,000 (HS5005) Central Pattaya - Foreign Name: E: info@pattayarealty.com W: pattayarealty.com (HR1449) (CR3816) Principal: Stuart Daly Memberships: CIPS, REBA (Thailand), VJ Vil age REBA-ES, RETS (Thailand), NAR int size 190 m sq, ext size 540 m sq, 3 beds, 3 baths, fully fitted kitchen, high quality furnishings, Internet, close to local amenities, security alarm, covered car park, 24hr Security.
Brand new condominium in Pattaya int size 104 m sq, 3 beds, 3 baths, fully furnished, fully fitted kitchen, communal gardens, communal swimming pool, car park, 24hr Security.
(HS4959)
Rent 25,000 / month
Sale 6,990,000
Rent 20,000 / month
South Pattaya: int size 55 m sq, 1 bed, fully furnished, fully fitted kitchen, TV, DVD, Hi-Fi, close to local amenities
: int size 225 m sq, ext size 328 m sq, 3 beds, 2 baths, fully furnished, fully fitted kitchen,private gardens, private swimming pool, covered car park, 24hr Security.
East Pattaya :Ext size 420 m sq, 4 beds+ maid's room, 3 baths, fully furnished and kitchen, security alarm, private gardens communal swimming pool, covered car park, 24hr Security.
Rush! Premier Homes RealBeat TheEstate Co Ltd 240/21 Jomtien Beach Road T: +66 (0)38 231 931 M: +66 (0)81 634 2915 E: premier@loxinfo.co.th W: premierinternational.com (HS0247) Principals: Clayton and Supap: Wade Memberships: CIPS, RETS (Thailand), NAR (HR1041)
(CR4944)
Situated on top of Pratumnak hill, Spectacular sea and city view For special pre-launch prices in the highest building in Pattaya!
Baan Balina I
Rent 35,000 / month
Rent 16,000 / month
Contact Us Now
Na jomtien:Bali Style,Int size 300 m sq, ext size 560 m sq, 3 beds, 3 baths, high quality furnishings and fully fitted Euro style kitchen, maid's room, Private gardens, private swimming pool, covered car park, 24hr Security.
Pratumnak:int size 48 m sq, Studio apartment, fully furnished, fully fitted kitchen, beautiful sea views, communal gardens, communal swimming pool, car park, 24hr Security.
E
GRE
Rent 44,000 / month
Pattaya Estate Agents (PEA) Car Park, Tesco-Lotus, South Pattaya M: +66 (0)819 458 650 (Thai) or (0)86 080 3098 (Eng) E: info@pattaya-estate-agents.com W: pattaya-estate-agents.com Principal: Sununtha Bun-um (Boom) Pattaya Exclusive Properties 680/8 Nova Mirage, Naklua Soi 16 T: + 66 (0) 38 368 368 M: +66 (0)89 266 8665 or (0)89 831 4602 E: sales@pattayaexclusiveproperties.com W: pattayaexclusiveproperties.com
fully fitted kitchen, Jacuzzi, large private gardens, private swimming pool, security alarm, covered car park, 24hr Security.
Opposite Bangkok Pattaya Hospital East Pattaya:4 beds, 3 baths, fully furnished and kitchen, washing machine, Private gardens, private swimming pool, covered car park, 24hr Security.
Sale 12,950,000
The Regents Superior detached, two storey house, int size 650 m sq, ext 1400 m sq,
4 bedrooms + en suite, 5 bathrooms, fully fitted kitchen + food storage room, Jacuzzi, private landscaped gardens, large private swimming pool, separate self-contained 1 bedroom + en suite guest house with AC, security alarm, covered car park ,electric gate.
Our office address: 219/1 Tipp Plaza, Pattaya 2nd Road. Next to Mike Shopping Center, Nongprue Chonburi 20150
www.pattayarealty.com
Email: info@pattayarealty.com
Rightmove Pattaya 369/1 M9, Units 8&9 PS Bowl, 2nd Road T: +66 (0)38 361 212 M: +66 (0)89 253 5607 E: info@rightmovepattaya.com W: rightmovepattaya.com Principal: Craig Turner Memberships: REBA (Thailand), REBA-ES, RETS (Thailand) Tel:66(0)38 412 301/2 or 089 833 6175 089 8327226
Sallmanns (Eastern Seaboard) Ltd Near Hanaman Statue, Jomtien T: +66 (0)38 252 588 M: +66 (0)87137 0392 E: pattaya@sallmannsthailand.com W: sallmannsthailand.com Principal: Tim Gladwin Seaboard Properties Co Ltd 316/23 Thappraya Road near Food Mart, Jomtien T: +66 (0)38 252 456 F: +66 (0)38 252 457 M: +66 (0)86 129 8281 E: info@seaboard-properties.com W: seaboard-properties.com Principal: Eddie Buehler
Siam Properties Main office: 313/27 M10 Pattaya Tai T: +66 (0)38 415 490 F: +66 (0)38 414 693 M: +66 (0)81 861 1907 (Heiner) or (0)81 821 7045 (Porn) Russian: +66 (0)89 245 2890 (Vera) E: info@siamproperties.net or rus@siamproperties.net W: siamproperties.net Second office: 334/14 Soi Welcome, Jomtien Hotel off Jomtien Beach Road T: +66 (0)38 059 637 Principals: Heiner and Porn Moessing Memberships: CRS, REBA (Thailand), REBA-ES, RETS (Thailand), NAR Talay Real Estate Co Ltd 240/18 M5, Naklua not far from Dolphin Roundabout on Second Road T: +66 (0)38 362 352 F: +66 (0)38 362 351 M: +66 (0)87 608 1116 or (0)8 0091 5353 E: info@talayrealestate.com W: talayrealestate.com Principals: Namthip Khanjanavisittaphol (Sandy) and Ted T Okuno Thailand-Property-Gate Head office: 82/9 Langsuan Road, Lumpini, Pathumwan, Bangkok 10330 Eastern Seaboard office: 449/84, M12, Thepprasit Road W: Thailand-Property-Gate.com E: Stefan@thailand-property-gate.com M: +66 (0)81 835 99 23 Thailiving 306/90-91 M12 Thappraya Road T: +66 (0)38 364 514 M: +66 (0)81 862 7405 E: info@thailiving.net W: thailiving.net Principal: Supaporn Persson (Sara)
Town & Country Property 63/10-11 Pattaya Tai T: +66 (0)38 374 136 F: +66 (0)38 374 137 Russian: +66 (0)84 873 7425 E: info@towncountryproperty.com W: towncountryproperty.com Principal: Cees Cuijpers Memberships: CRS, REBA-ES, NAR Advertisements: Pages 8 and 9
AGENTS DIRECTORY • 01-02/2013 • Issues 140 and 141
Pattaya Jomtien Property 75/49 Soi 5 Immigration, Beach Road, Jomtien (75m from Immigration Office) T: +66 (0)38 756 755 M: +66 (0)85 129 5657 (Thai); or +66 (0)85 667 3687 (English) E: sales@pattaya-jomtien-property.com W: pattaya-jomtien-property.com Principals: Kevin and Chanram Hurst Memberships: AIPP (International)
Sale 29,000,000 Jomtien: Fully renovated to a very high standard with 4 beds, 4 baths, fully furnished,
COM L IN
ENTA
AT R
(HR1306)
(HS4948)
d i r e c t o r y
REAL ESTATE BROKER ASSOCIATION – EASTERN SEABOARD
ticks all Members of REBA-ES are respected
Member companies in REBA-ES are part of an established and respected real estate organisation which has the support of the Thai Government
professional
Clients of REBA-ES members can be confident that they are dealing with honest, reputable and properly trained real estate professionals
ETHICAL
The high standards we set conform to internationallyapproved rules, regulations, strict codes of ethics and dispute resolution policies
INFORMed
Our members network closely, giving all of them access to the Eastern Seaboard’s largest real estate association
For comprehensive property listings and professional real estate consulting contact our members at www.rebaes.com
REAL ESTATE BROKER ASSOCIATION – EASTERN SEABOARD
the boxes ... Sponsoring REBA-ES members Mark Welch +66 (0)81 945 4845 onestop@realesthai.com www.real-estate-thailand.com
Stuart Daly +66 (0)38 412 301-2 info@pattayarealty.com www.pattayarealty.com
Heiner Moessing +66 (0)89 499 1000 info@siamproperties.net www.siamproperties.net
Rob Watson +66 (0)81 938 8391 sales@fivestarvillasandcondos.com www.fivestarvillasandcondos.com
Gareth De Silva +66 (0)81 792 9486 info@benchmarkthailand.com www.benchmarkthailand.com
Rainer Heinzmann +66 (0)81 838 1390 info@global-solidor.com www.global-solidor.com
Craig Turner +66 (0)89 253 5607 info@rightmovepattaya.com www.rightmovepattaya.com
Alan Bolton +66(0)81 996 2489 info@pattaya-property.net www.pattaya-property.net
Markus Probst +66 (0)81 762 2627 info@aci-enterprise.com www.pattayaoceanproperties.com
... if your answer is ‘yes’ to all, check out the REBA-
You can trust
Advert: Zen Grafix
www.rebaes.com
D E V E L O P E R S d i re c t or y
Katalina Co Ltd 396/66 M12, Pratumnak Projects: Katalina I, II and III T & F: +66 (0)38 306 616 M: +66 (0)80 570 44 33 (English and Russian); +66 (0)81 983 00 68 (English, Dutch and French) E: rogge_tony@hotmail.com or albertdewilde@hotmail.com W: katalinaresidence.com Major Development PCL 141 Soi Thonglor 10, Sukhumvit 55, Klongton Nua, Wattana, Bangkok 10110 Local project: Reflection Jomtien Beach Sales office: Jomtien Beach Road, Walk
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Domum Holding Co Ltd 391/109 Thappraya Road. Corner of Soi 13, next to Mata Hari Restaurant Project: Meridiem Condominium and Meridiem Park Condominium T: +66 (0) 38 251 464 M: +66 (0) 8888 10311 F: +66 (0) 38 251 733 E: info@domum-holding.com W: domum-holding.com
Heights Holdings Co Ltd Thappraya Road next to Bruno’s Italian Restaurant Projects: Park Royal I, II & III, Pattaya Heights, Club Royal, Laguna Bay I , II and III (The Maldives), Laguna Beach Resort Jomtien I & II, Laguna Heights, The Peak Towers, Wong Amat Tower, Water Park Condominium and C-View M: +66 (0)85 282 6454 E: oliver@heights-holdings.com W: heights-holdings.com Principal contact: Oliver Nabarro
Chiyapurk
DEVELOPERS DIRECTORY • 01-02/2013 • Issues 140 and 141
CW Asset Co Ltd 212/13 North Pattaya Road Project: Bang Saray Beach Condominium T: +66 (0)38 414 405 M: +66 (0)85 272 8338 (English) or +66 (0)85 272 8228 (Thai) E: info@cwasset.com W: cwasset.com or bangsaraybeachcondo.com Principal: Ms Imorn Luekhamharn Membership: TREA
Habitat 5 Co Ltd Sales Office: 172 Soi Chaiyapruk 2 Project: The Ville Jomtien M: +66 (0)81 450 0001/2 E: chane@habitat-5.com W: TheVillePattaya.com
Noi
CSP Projects Chaiyapruk 2 over rail track on left opposite Baan Suan Neramit Projects: Coconut Grove, Coco Palms and Palm Grove T: +66 (0)38 076 285-6 E: md@csp-construction.com W: csp-construction.com Principal contact: Tom Coglan
Global Tower Group Co Ltd Banglamung Soi 16 Project: Paradise Ocean View M: +66 (0)8 222 66 077 E: info@paradiseoceanview.com W: paradiseoceanview.com
Soi Kha
Bravo Thai Lifestyle Co Ltd Projects: The Vineyard I, II & III near Lake Mabprachan M: +66 (0)89 8677 969 E: terry@siamdevelopments.com W: siamdevelopments.com Principal contact: Terrence Allen Collins
Dusitpattaya Co Ltd Soi Wat Yan off the Sukhumvit near Ban Amphur Project: Baan Dusitpattaya and Dusit Grand Condo View (Jomtien) T: +66 (0)38 343 586 F: +66 (0)38 343 585 M: +66 (0)81 0584 930 (English and Thai) M: +66 (0)868 486 704 (Russian) E: baandusit@gmail.com W: baandusitpattaya.com or domvtae.su Principal contact: Darwan Bunting (Meam)
Soi Khao
Anaakot Group Development 138/1 Moo 12, Soi Chayapruk, Jomtien Project: Sixtythree@12 T: +66 (0)38 231544 M: +66 (0)8780 33329 E: info@anaakot-group.com W: Anaakot-Group.com Contact: Jason Young
adjacent to Suttangrak Restaurant T: +66 (0)38 233 111 F: +66 (0)38 233 730 M: +66 (0)89 247 7158 E: sales@reflectionpattaya.com W: majordevelopment.co.th Matrix Developments 352/202-3 M12 Pratumnak Road Current projects: Art-on-the-Hill, Paradise Park, Sunset Boulevard, The View, The Vision, Amazon Residence and City Center Residence T: +66 (0)38 250 120-1 F: +66 (0)38 250 008 M: +66 (0)87 607 8880 E: info@matrix-developments.com W: matrix-developments.com Membership: AIPP Modus Group 292/1-2 Moo 5 Soi 12, Pattaya-Naklua, Naklua, Banglamung, Chonburi 20150 Project: Modus Beachfront Condo T: +66 (0)38 225 999 or (0)38 252 635 M: +66 (0)89-092 1333 E: info@moduspattaya.com or 888modus@gmail.com W: moduspattaya.com Principal: Pimpinan Namthep New Nordic Occupies a large area of Pratumnak. Go down Soi 4 and look for the orange signs on the right Current projects: New Nordic Suites, New Nordic VIP Condominium I, II and III and IV are planned T: +66 (0)38 250 025 F: +66 (0)38 306 299 M: +66 (0)89 605 4114 E: sales@new-nordic.com W: new-nordic.com Nova Group Nova Park, 80/164 M9, Soi Sukrudee (Soi AR) near Jameson’s Pub Projects: Amari Residences Pattaya, The Cliff, Nova Ocean View, Novana Residence, The Palm and Nam Talay T: +66 (0)38 415 304-8 F: +66 (0)38 415 309 M: +66 (0)85 282 6454 E: info@nova-thailand.com W: nova-thailand.com Principal contacts: Rony Fineman and Keith Storey
inside back cover
developers directory
Tropical Dream Pattaya Co Ltd Showroom Pratumnak Road, Soi 6 Projects: Tropical Dream I and II T: +66 (0)38 252 299 F: +66 (0)38 252 209 M: +66 (0)82 202 0880 E: tropicaldreampattaya@gmail.com W: tropicaldreampattaya Principals: Gery Kis and Sylvie Schäffer Tudor Villas Co Ltd Showroom Pratumnak Hill, Soi 2 Projects: Tudor Court Condominium M: +66 (0)81 863 0201 E: tudorvillas@yahoo.com W: tudorcourtthailand.com
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Tulip Group Co Ltd 88/58 Moo 4, Bowin Sub District, Siracha, Chonburi Projects: Centara Avenue Residence & Suites Pattaya (behind The Avenue), Centara Grand Residence Pattaya (Na-Jomtien) and Waterfront Suites & Residences (Bali Hai) T: +66 (0)38 959 180 F: +66 (0)38 959 508 M: +66 (0)83 718 0005 E: jason@tulipgroup.co.th W: tulipgroup.co.th Principal contacts: Kobi Elbaz and Jason Payne VKK Real Estate Co Ltd Sukhumvit 87 just before the rail track and the new road Projects: Porchland I, II, III (The Blue Residence), IV (The Time), V (La Santir) and VI (The Feelture) T: +66 (0)38 757 375-7 M: +66 (0)82 444 1147-8 E: theblue@porchland.com W: porchland.com VSPN Property Co Ltd 162 Moo 2, Sukhumvit Road (next to soi Banglamung 16), 500 metres past Kratingline Tri-junction Project: Seabreeze Villa Pattaya M: +66 (0)84 460 5335 E: seabreeze_villa@hotmail.com W: vspnproperty.co.th Principal: Ukarin Kerdkitsadanont Wandeegroup (Thailand) Co Ltd Thappraya Road on the left as you go up the hill towards Jomtien Project: The Touch® T: +66 (0)38 364 321 E: info@wandeegroup.com W: wandeegroup.com Principal contacts: Mario Kleff and Nittaya Wongsin
inside back cover
DEVELOPERS DIRECTORY • 01-02/2013 • Issues 140 and 141
Royal Oak Developments / Royal Jomtien Property Services Co Ltd Projects: Acqua Condominium, The Gallery, SP Townhomes, SP Villages I-V, The Urban, The Urban Suites and Acqua T & F: +66 (0)38 231125-6 M: +66 (0)86 323 1908 E: theurbanproperty@gmail.com W: thegallerycondo.com, theurban pattaya.com, theurban-property.com Principal contact: Thanyarak Meesuk
Town & Country Property 63/10-11 Pattaya Tai Projects: The Meadows, The Residence and Whispering Palms F: +66 (0)38 374 137 Russian: +66 (0)84 873 7425 E: info@towncountryproperty.com W: towncountryproperty.com Principal: Cees Cuijpers
o Talo
Ratanakorn Asset Co Ltd 300/6 M10 Pattaya Tai Current Projects: Life Star City Tower, Pattaya Klang Center Point, Ratanakorn Park View, Ratanakorn Villages 12 and 13, R-Con Residence, TW Garden Hill, TW Jomtien Beach Resort, TW Park View, TW Wong-Amat Beach Resort Condominium, Vela Casa. T: +66 (0)38 421 534 or +66 (0)38 421 274 M: +66 (0)81 762 6080 E: marketing-ratanakorn@live.com W: ratanakorn.com
SK Pattaya Development Co Ltd 130/74 M12 Chaiyapruk Road Projects: Mabprachan Garden Resort, Permsub Garden Resort, SK Residence T: +66 (0)38 074 701/10 M: +66 (0)84 872 1272 E: sk_pattaya@yahoo.com W: skpattaya.com Principal contact: Sa-nga Kijsamrej
Noi
Raimon Land PLC 22nd Floor The Millenia Tower, Bangkok Projects: Northpoint, Zire Wong Amat and Unixx South Pattaya T: +66 (0)26 519 601 M: +66 (0)81 3717 888 E: info@raimonland.com W: raimonland.com Principal contact: Piaras Moriarty
(The) Siam Oriental Trading Co Ltd 267/4 M12, Pratumnak Projects: Siam Oriental Condominium, Siam Oriental Garden, Siam Oriental Twins T: +66 (0)38 250 873 M: +66 (0)84 872 1272 E: sami.sarajarvi@gmail.com W: siamoriental.com Principal contact: Sami Sarajärvi
Soi Kha
Poompatta Co Ltd 450 M9 Nongprue, Chonburi 20150 Project: Patta Village T&F: +66 (0)38 371 555 E: info@poompattapattaya.com W: poompattapattaya.com
Shining Light Co Ltd Project: City Garden Pattaya Soi 15, Second Road close to The Avenue T: +66 (0)38 416 690 F: +66 (0)38 724 249 E: info@citygardenpattaya.com W: citygardenpattaya.com
Soi Khao
Petch Property Development Co Ltd Projects: The Cove and Prima Residence Main office: 44 Soi Sukhumvit 59, Klongton Nua, Wattana, Bangkok 10110 T: +66 (0)27 143 872 F: +66 (0)27 143 871 M: +66 (0)89 991 1999 Sales office: 193/1 M5 Naklua Road T: +66 (0)38 428 284 or (0)38 428 595 E: info@ppd.co.th W: ppd.co.th Principal: Itthi Chavalittamrong