REM Thailand - July 2013 - Issue 146 by Pattaya Property Consultants

REALESTATE e n i z a g a m thailand

Learning about The Masters

tourism’s place in thailand’s gDP

Issue 146 • July 2013 • www.remthai.com

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

No magic wand here My understanding of the money markets is, at best, rudimentary. There is a gap in my understanding of currency

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 146•07/2013

matters which is regrettable. I need to own up to this before attempting to proceed. Let’s say I had used £30,000 to buy an apartment here back in 2000 (when I first started coming here the rate was around

Dave Buckley looks at an area that baffles him – the strength of currencies

Bt60 to the pound) and sold it for not one sedang more today (at the time of writing the exchange rate is 48 to the pound – it’s been lower). My original Bt1.8m unit would have gained about £7,500 if I were to send the money back to the UK. Now, admittedly, I know I’m overlooking several factors in the above example. I’m saying the apartment has not appreciated at all in value and I think that’s highly unlikely to be the case. Also I’m making no allowance for sums involved in making the sale such as lawyer’s fees and broker commission, either. I’m just trying to keep the numbers simple.

An American friend recently sold his apartment after a couple of years of trying and, although he chipped quite a bit off the price to secure the deal, he still did quite nicely in dollar terms, thank you. But, of course, he’s not planning to go back to the US of A. Nor is the money as far as I’m aware. So the true ‘gain’ is debatable. There has been much in the newspapers recently about the need to curb the baht and it seems that bad old Johnnie Foreigner the currency and bonds speculator takes a fair share of the blame for this strengthening of the baht. No surprises there that the problem stems from outside the kingdom! To the man selling noodles by the roadside the money debate probably holds little interest. Personally, given I get paid in baht and do not rely heavily on injections of pounds sterling from England, it would seem upon cursory inspection to be something I do not need to get worked up about either. But if I dig a little deeper then the strong baht does start to bother me. This magazine is aimed at folks who can speak and understand English and considerable numbers of them (perhaps with the exception of the Australians) are seeing their money go down against the baht. This means that their purchasing power here is diminished. This is not good news for the local property market nor the ancillary businesses that serve it. The Thai government seems to acknowledge that a very strong baht is best avoided though their concern is probably more based on fears of falling exports than any worries about the property market! I don’t have a magic wand to wave over this situation but I do hope someone in power finds one before long. Here’s to getting more baht for your buck - and soon!

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Inside back cover

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Masters, The

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Pattaya Realty

Pattaya Realty Commercial

PCP Construction Porch Land Private Villas in Thailand Real Estate Broker Association Sandbox Beach House at Pattaya Savanna Sands

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Trade Frames Pattaya

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Waterfront Suites & Residences (Tulip) 4•REm•Issue 146•07/2013

Facing 24

OURCONTENTS

cover story Brokers to learn more about Masters

Pattaya LIVING

PL10: top premiership sides coming ... but be sure to check before you set off. As we went to press doubts were being cast. PL23: reach for

the moon! It’s 44 With the showroom in Third Road fast nearing completion the developers of The

years this month

Masters on Pratumnak will be holding an opening event involving many of the city’s

since man first set

leading brokers so the agents can learn more about the project.

foot on the moon. How much to you remember of that and

other

space

travel exploits? Our quiz

this

month

has a strong rocket influence.

42 18

Brokers Benchmark have moved to a more central city location and launched a new business in tandem.

6•REm•Issue 146•07/2013

The Orion Urban Retreat on Pratumnak is the subject of this month’s showhouse showcase.

The world’s property market is

PL18: accidental heroes of pop – how

booming according to the Global

some ladies helped to inspire some of the most

Property Guide. Dubai is the tops.

memorable songs from the pop albums.

NEWSREPORT

NC Housing raises targets as Natureza is introduced NC Housing, the company behind the new Natureza four-phase project in North Pattaya, has raised its full-year pre-sales target from Bt3.2bn to Bt5bn, having achieved Bt2bn in just the first five months of the year spread over all their interests. According to The Nation, the listed company’s managing director, Somchao Tanterdtham, says residential demand has recovered since last year, driving pre-sales through to the end of May well above the estimate for the period. Demand is good at NC Housing's projects in both Bangkok and the provinces, especially for homes priced up to Bt5m. This has helped persuade the company to introduce two new residential projects worth Bt1.2bn combined last month. The first is a Bt500m condominium project in Pattaya, the Natureza, with a starting price of Bt1.1m per unit. Reports in the Pattaya Mail suggest that the first phase had already sold out.

The second is a Bt700m townhouse project, Baan Fa Piyarom, with homes costing from Bt1.45 million. They form part of the developer’s five new projects set to be launched during the course of the year. “We sold out our first condominium project in Pattaya when we introduced it in the final quarter of last year, as local demand for condominiums priced at no more than Bt2m has continued to grow. “This is the reason for launching the second [Pattaya] project this month, with a target of selling all 406 units by the end of this year,” he said. Natureza will be built to the east of

At Nutureza a park will be built for all phases to enjoy and the greenery surrounding the buildings will total 1,600 sqm.

the Sukhumvit in North Pattaya. It will comprise four phases all called Courtyards – Natural, Landscape, Floating and Seaside. The buildings will be sited on 22 rai and units will range in size from 28.6sqm up to 68.3sqm. NC Group have developed five other projects in the area, including the Ban Suan Lolna single-family house development, Ban Suan Lolna Condominium, Ban Fah Rim Haad Jomtien, Greenpar Jomtien, and Ban Fah Greenery on Chaiyapornwitti Road. NC Housing’s overall revenue target for this year is Bt1.8bn, said the MD.Somchao said the rest of the targeted revenue would come from existing and newly launched lowrise residential projects, comprising detached housing, twin-houses and townhouses. NC Housing posted revenue of Bt372.42m and a net profit of Bt15.28m for the first quarter.

Thailand still a haven for foreign investment

Work underway at Seven Seas Building work on the Seven Seas condo resort in Chaiyapruk, Jomtien, is already in progress as originally projected. The eight low-rise buildings, each

of eight floors on a giant 15 rai plot is slated to be finished in the second quarter of 2015. Some 1,400-plus units will be built there.

Thailand’s Board of Investment (BoI) granted promotional privileges to 919 projects with a combined investment of Bt564.8bn in the first five months of this year, a 70 per cent increase year on year, according to an official figure. BoI secretary general Udom Wongviwatchai said 215 projects in the service and public utility sectors, with a total investment of Bt260.1 billion, a 224 per cent growth, were the highest among applicants. He said 526 foreign direct investment (FDI) projects were slightly less than the first five months of last year but the investment volume, at Bt255.848bn, expanded by 24.4 per cent. Japanese investors were the highest number of applicants with 282 projects at Bt167.767bn, a 28 per cent increase, followed by investors from Malaysia at 156 projects or Bt16.850bn in investments, Hong Kong at 14 projects or a total Bt15.246 bn investment, Singapore at 33 projects or Bt10.48bn and the Netherlands at 10 projects or Bt9.11bn. Source: MCOT online news and Thai Visa

Want all your property news on-line? Visit www.remthai.com 07/2013•Issue 146•REm•7

COVERFEATURE

Agents learn more about The Masters

ater this month the city’s leading brokers will get the opportunity to discover more about The Masters project planned for Pratumnak Soi 6. Developers, Golden View, in association with managing agents, New Developments, will be staging a launch party to herald the completion of a showroom within their offices on Third Road, close to the start of flyover that takes you to Bali Hai Pier. The showroom depicts a prototype 43sqm one-bedroom unit at The Masters. The smallest unit in the project is a 28sqm studio and the largest is an 81sqm two-bedroom apartment. In total some 116 units are being offered for sale and, 12•REm•Issue 146•07/2013

already, more than one-third of these have been snapped up without any showroom to help the sales process. “For us the emphasis is on location, price and quality,” said New Developments’ marketing chief Julian Stanley. “Agents who attend the showroom opening will learn a whole lot more about what we mean.” Prototype explained When I spoke to Julian about the development a few months ago I asked him why he used the word “prototype” when describing the showroom unit? He replied: “Because when prospective buyers ask ‘is this what we will get?’ our reply will be ‘no, it will be better’.” Julian and his partner in

New Developments, Thomas Schobesberger, view the showroom as a testing ground for the innovations they will bring to the development. “The showroom will be ready to receive agents by the time readers see this magazine, but we will still view it as a work in progress,” said Julian. Owners at The Masters will enjoy peace and tranquillity in a top residential location on Soi Regent 2 off Pratumnak Soi 6. A mixture of studios, one- and two-bedroom units is on offer. The rooftop with have an elegant pool finished in black mosaic tiles and there will be a sauna there. There is no plan for an on-site restaurant or gym. “The size of the development is such that we

doubt if a restaurant or cafe could be profitable. Anyway it will be located on Pratumnak so there is no shortage of eateries nearby,” said Julian. And no gym? “Again, our experience tells us that you could have a situation in which 100 of the units will be paying for an amenity which just a handful of others will use.” Eco-friendly Julian continued: “The aim is to make the development as eco-friendly as we possibly can within the budget. Hot water will be supplied from a central point which means that owners will not have to install numerous water heaters for kitchens and bathrooms. “We will have LED lighting

throughout which will consume less electricity. “Walls will be supplied pre-cast with insulation in between, ready to erect. And the nice thing about pre-cast is we can order window frames and be confident they will fit. On many projects the skeleton of the building is erected then the finetuning of all the windows and doors has to take place. Our windows will come with a 10-year guarantee on the frames.” Prices for units in The Masters range from Bt980,000 up to Bt5m. All are sold fully furnished and electrical appliances will be top brands such as Teka from Germany and Samsung (Japan). “The average per sqm price is Bt35,000,” said Julian, “which is more than reasonable for the socalled ‘Beverly Hills of Pattaya’.” Ω

Above: Renderings of interiors from the one-bedroom offering. Below: How a studio will be laid out.

07/2013•Issue 146•REm•13

Est. 2001 Pattaya Realty Office:Jomtien

Commercial

Well presented office for immediate occupation. 543 sqm MR7358 Rent 190,050/Month Commercial building:Jomtien

Disco Club: Walking ST.

Bar:Central Pattaya

Brand New Disco Club, Fully equiped, Very nice, ready to open/work/run business,

4 storey shop house with bar at ground level 13 Million Freehold

MS7628 Sale 12,000,000 THB

Hotel For Sale:Pattaya/Jomtien 48 Rooms,Pool+Restaurant 74M

MS7195 Sale 13,000,000 THB Guest House:South Pattaya

MS5004

Prime location, Guesthouse Three storey house, Building size 156 m sq, 7 bedrooms, fully furnished, laundry, Internet, Cable, AC, water tank, close to local amenities, 29.95M MS7463 Three storey commercial building, 6 bedrooms, 7 bathrooms in a busy location.

Beauty Salon for sale with one Bed room inside fully furnished.

MS7757

MS7687 Sale 18,000,000 THB

Very close to the beach,8 Guest bedrooms all with en- suite.Finance available. MS7138 Sale 19,000,000 THB Commercial building:Jomtien

Guesthouse:Central Pattaya

Hotel, Jomtien 28 Bedrooms all en suiteincluding coffee shop, Bar and restaurant, 42 million Baht Confidential sale further details on request.

Guesthouse for sale.12 rooms fully furnished with air cons .fully operational kitchen and bar restaurant. 4.5 million baht, 3+3 lease, No key money

Very Profitable Go Go Bar Soi LK, 18 Million, further details available with proof of funds.

MS6504 Sale 4,500,000 THB

Apartment:Sriracha

Bar: South Pattaya

Bar:East Pattaya

Fantastic opportunity to own a Restaurant in a prime location, massive reduction Down MS7644 Sale 1,000,000 THB From 3.5M

Well established sports bar & restaurant on extremely busy soi in East Pattaya. Fully equipped turn-key operation with living accomodation!

MS7126 Sale 1,550,000 THB

Pattaya Realty CommercialCo.,Ltd. Tel: 038 251245 Eng: 085 431 6960 www.pattayarealtycommercial.com Email: info@pattayarealtycommercial.com

Great location 12, rooms, plus potential for Bar at ground level, 3+3 lease, No key money. MS7270 Rent 60,000/Month

Close to port and industrial estates, 20 apartments rented out on 1 rai with room to build another 20, great return on investment MS7414 Sale 8,800,000THB

Office Address 413/150 M00.12 Jomtian Rd, Nongprue,Banglamung Chonburi 20150 Thailand

www.benchmarkthailand.com

SPECIALFEATURE

New office and new business

The interior and exterior (right) of Benchmark’s new offices in Soi Post Office, Central Pattaya.

his month will see the opening of new city centre offices in a three-storey building in Soi Post Office for the Benchmark Asia Property brokerage which used to operate from Thepprasit Road. To coincide with the new location the company’s founder and managing director, Gareth De Silva, will also launch a new on-line condo shopping “mall” called Pattaya Developers. “It will be two businesses under the same umbrella,” said Gareth. “I thought it was important to have off-plan condo sales separate. It’s too huge a market to mix with house sales and re-sales, commercial and land sales.” 18•REm•Issue 146•07/2013

Essentially the two businesses will be serviced by the same staff although Gareth plans to recruit a Russian agent to concentrate on condo sales for the Pattaya Developers part of the business. Perhaps understandably he is very enthusiastic about these latest developments. Having an office in a much more central location is important, he feels. Though the Pattaya Developers side of the business will not be so dependent of this because it will place emphasis on internet contact with clients. TV presentations “It will be a full-service office where clients can view TV presentations about the

new condo projects we are promoting,” he said. “Also we will have a complete range of up-to-date brochures available for all projects.” How many projects would be represented, we asked? “Almost all the major developers,” said Gareth. “Certainly all the leading and popular ones.” For the Pattaya Developers company the key word is convenience. “Clients will be able to shop from the comfort of their own home,” said Gareth. “They will be able to chat with us online 12 hours a day and even pay deposits on-line. I don’t know of any other agent in the city that can offer this on-line PayPal service. Clients

can reserve a property without the need to be in the city. The money will go into our escrow company account before being transferred to the developer when appropriate.” Latest databases Benchmark’s website has been revamped to incorporate the latest databases. “We will be able to quickly alert investors and home seekers when a new project comes to market from one of our preferred developers,” said Gareth. “We will be offering regular updates to those on our database. For those who have bought through us there will be after-sales updates about progress in the projects have bought into.”

are launched by Benchmark

Benchmark views the employment of cutting edge technology as essential to the success of the new Pattaya Developers venture. “We want to be one step ahead of the rest by providing our clients with services that are convenient and useful.” Gareth acknowledges that online booking is not exactly a new concept. “But buying a condo is not like booking a hotel room or package tour over the internet,” he said. “Clients still need to be able to contact real people with genuine knowledge of the project but once their minds are made up they tend to want to move quickly to secure the best units. That’s where our on-line payments will really score.” Ω 07/2013•Issue 146•REm•19

now it all fits!

THE CUBE HAS THE ANSWERS NEW CONDO PROJECT COMING TO PRATUMNAK FROM THE PEOPLE WHO BROUGHT YOU TUDOR COURT

081 5700 110 Call now for the best prices www.cube-pattaya.com

081 5700 110 www.cubepattaya.com

newsREPORT

Thailand still top flight Recently released data suggests that even in low season Thailand retains the interest of European tourists – and those from Britain in particular. This is according to the JuneJuly flight search data collected by Skyscanner, the global travel search website. Of course it should be pointed out that searching does not necessarily equate to buying. In terms of flight searches to/ in Thailand by country, Skyscanner data reveals that seven of the top 10 markets are European. Top of the table is the UK, followed by Russia. Thailand is third, followed by Germany, the Netherlands, Australia, China, Italy, Ireland and Spain.

Kingdom becoming more competitive Thailand’s overall competitiveness ranking has risen three places to the 27th spot this year from No 30 last, according to the 25th-anniversary world competitiveness rankings of 60 economies released by IMD, a topranked global business school based in Switzerland, reports The Nation. The challenge in 2013 for Thailand is to accelerate regulatory reform to reduce bureaucracy and stimulate Asean investment, expedite Bt2 trillionworth of transport-infrastructure mega-projects to enhance national and regional competitiveness, and boost national energy security and promote renewable energy, IMD said. Thailand’s economic-performance ranking moved up to ninth spot from No 15, while business efficiency moved up to 18th from 23rd. The infrastructure ranking moved up one to 48. The United States regained the top spot, thanks to a rebounding financial sector, an abundance of technological innovation and successful companies. China (21) and Japan (24) are also increasing their competitiveness. In the case of Japan, Abenomics seems to be having an initial impact on the dynamism of the economy. 22•REm•Issue 146•07/2013

current status as a ‘must visit’ destination for Chinese tourists. “This is backed by the Kasikorn Research Centre, which reports that Chinese tourist arrivals in Thailand in the first quarter were up 93 per cent from the same period last year,’” she said. In addition to the upsurge from mainland China, more arrivals from Belgium, Brazil, South Korea, Israel, the Netherlands, New Zealand, Macau, Taiwan and Myanmar can be expected in the near term. Skyscanner data reveal that these markets recorded the biggest percentage increase in flight searches to Thailand, based on 2013 versus 2012 figures.

The 2013 top 10 countries, and their rankings, are very similar to Skyscanner results recorded for the same months last year, with one change – China replaces Singapore in the list. “The stats reinforce two Thailandrelated travel trends,” said Grace Pobpabha Areerat, Skyscanner market development manager for Thailand, The Nation reports. The first is the enduring appeal of Thailand to British and mainland European tourists, many of whom are looking for summer vacation destinations between June and August when schools are on holiday. “The data also confirm Thailand’s

In Europe, the most competitive nations include Switzerland (2), Sweden (4) and Germany (9). Like last year, the rest of Europe is heavily constrained by austerity programmes that are delaying recovery and calling into question the timeliness of the measures proposed. Professor Stephane Garelli, director of the IMD World Competitiveness Centre, said: “While the euro zone remains stalled, the robust comeback of the US to the top of the competitiveness rankings, and better news from Japan, have revived the austerity debate. Structural reforms are unavoidable, but growth remains a prerequisite for competitiveness. In addition, the harshness of austerity measures too often antagonises the population. In the end, countries need to preserve social cohesion to deliver prosperity.”

l Thailand’s English-speaking skills are the lowest in Southeast Asia according to JELA (JobStreet.com English Language Assessment) results. Perhaps not surprisingly (given that the territory used to be under British administration) Singapore workers gained the highest average score with 81 per cent. Thailand achieved 55 per cent. l Thailand is moving steadily up the global connectivity rankings at 15 compared to 20 previously. That’s according to the second DHL Global Connectedness Index survey. However, its trade is still predominantly within Asia.

Bangkok pips London to top tourist spot

Bangkok edged out London by less than one per cent to be ranked the world’s top tourist city in a study conducted by MasterCard Inc. The study looked at the highest international visitor numbers in 2013, with Paris, Singapore and New York rounding out the top five. London had been in the top spot in 2012, but it was beaten this year with only about 25,000 visitors separating it from the Thai capital. Dr Yuwa Hedrick-Wong, global economic adviser for MasterCard worldwide and author of the report, said: “Bangkok brought with it great momentum from last year. Its ascent to number one is not only a first for Asia, it’s emblematic of the rise of the Global South, which encompasses much of Africa and Asia as well as South America.”

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advertorial

Green Field Villas stick with a winning formula FACT SHEET l 256 sqm of living space l Four bedrooms, each with en suite l Guest toilet l European fitted kitchen, open plan or enclosed l Master bedroom with walk-in wardrobe and balcony l Grundfos high pressure pump l Hot water system l Q-Con block construction l uPVC windows l Foil insulated roof l Landscaped garden l LED lighting l Clubhouse with gym and swimming pool

n the basis that tinkering with a winning formula is always a bad idea, Green Field Development Company has gone for much of the same on its fifth village project that has got underway at Nongplalai. Haven’t heard of Nongplalai? Well you are soon going to, according to architect Paul Barrett, founder of Green Field Development Company. “It’s surprisingly green and rural, yet close to the junction of Routes 7 and 36 by the Regent’s School and the Vehicle Licencing Centre,” he said. “The new Route 306 ring road will also be close by making it extremely convenient for Pattaya, Jomtien, Rayong and Suvarnabhumi Airport.” Green Field’s latest offering will be an exclusive, yet competitively priced, development of 25, spacious two-storey houses on 15.5 rai

34•REm•Issue 146•07/2013

bordered on three sides by a river. Plot sizes range from 139 sqw to 300 sqw. The housing stock will be the same two-storey model that has proved so popular on project four close to Nongprue Town Hall and football stadium. The 28 houses and bungalows there sold almost as quickly as they could be built with the project being completed a little over a year since the first brick was laid. Huge living space The two-storey houses planned for Green Field Villas 5 each offer a huge 256 sqm of living space and comprise four bedrooms, each with en suite bathroom, plus a guest toilet. The master bedroom features a walk-in fitted wardrobe and a large balcony. Downstairs there will be a large living room/dining room and European fitted kitchen, open plan or enclosed according to the purchaser’s choice. The staircase will be

constructed with black Galaxy granite complete with brushed stainless steel handrail and chandelier. Power-saving LED lighting will be fitted throughout. Ceramic tiled floors, quality Cotto bathroom fittings, shower screens and high pressure hot water systems uPVC windows, fly screens, foil insulated roofs, will be standard. Houses will be constructed with 20 cm Q-Con double bricks

for durability. These provide a superior alternative to breeze blocks and have helped earn Green Field Development Company a reputation for quality construction on their previous projects. Pest control All houses will also be equipped with an underground injection system for pest control. As with all Green Field

All the properties illustrated are on Green Field Villas 4.

homes, all properties will be complete with landscaped gardens in which there will be space for an optional swimming pool. Each house will also have a large, freestanding double garage. The exterior will also contain an above-ground water tank and a Grundfos pump to power the high pressure hot water feed to each of the bathrooms. For added security, each property will be walled with a remote-controlled electric gate. First building to appear on the site with be a two-storey clubhouse overlooking the river. This will contain a fullyequipped gymnasium and all the necessary facilities for bathing in the communal pool. The village itself will feature wide concrete roads, underground electrics, modern street lighting and a fully-equipped CCTV security system. Large plots and wide roads heighten the sense of

spaciousness and underground electrics eliminate overhead clutter which is prevalent in many other villages. A swipe card system will be employed to control access through the front gate which will be manned 24 hours a day by a security team. Property prices on Green Field Villas 5 will range from Bt9.4m to Bt13.5m. Although infrastructure development on Green Field Villas 5 started only on April 1, indications are that, like its predecessors, the village is going to prove popular with purchasers. The company is promising a number of special launch promotions, so keep an eye on its website or look out for regular updates in REm. Further information T: +66 (0)38 732 280/1 F: +66 (0)38 731 459 E: greenfield@greenfieldvillas.com W: www.greenfieldvillas.com 07/2013â&#x20AC;˘Issue 146â&#x20AC;˘REmâ&#x20AC;˘35

SPECIALFEATURE

Porchland move into the detached homes market

orchland, the group which specialises in condominium construction with seven projects marketed to date, have launched a new development of single detached houses between the Bang Pra and Crystal Bay golf courses north of Pattaya. Called Baan Nakarasarp the project will have 63 dwellings on 43 rai enjoying 360˚ views and overlooking lakes and reservoirs. Three house types are planned – Nagarachol (land size 79-161 sqw), Nagaratarn (land size 150-236 sqw) and Nagarasin (land size 157-286 sqw). They will be built in modern tropical style and all will have three bedrooms with four bathrooms (except Nagarachol which has three). Prices start at Bt5.5m and a Bt50,000 deposit will secure the deal followed by Bt500,000 upon contract. The philosophy behind Baan Nakarasarp is about residents enjoying a lifestyle of privacy and luxury “surrounded by perfect nature”. As part of this all electricity cables will be laid

40•REm•Issue 146•07/2013

Pictured above and below ... two views of the clubhouse planned for the Baan Nakarasarp project.

underground to retain the natural look. There will be a clubhouse with large swimming pool located centrally. Other facilities include tennis courts, large Jacuzzi, sauna, jogging track, restaurant, fitness and family recreation zone. l For more information please contact: 086-828 1117 / 086-829 1116; or visit www.nakarasarp.com; e-mail: nakarasarp@gmail.com

eastcoast@thaiproperty.com • www.thaiproperty.com LAND IN VILLAGE SETTING Soi Chaiyapruek 2 Land size: 174 sq. w Electric Water Drainage

Development Land Residences in area Services close by Held in Thai name

SALE: 2,550,000 BAHT PORCHLAND II

Jomtien Condo size: 48 sq.m Euro kitchen 1 Bedroom 1 Bathroom

Corner unit Unfurnished In Foreign name Long Term Only

RENT: 6,000 BT/MONTH • SALE:1,400,000 BT

NORTHPOINT Wongamat Condo size: 104 sq.m Euro kitchen 2 Bedrooms 2 Bathrooms

5 Star Facilities Beachfront development Fully Furnished Held in Foreign name

SALE: 14,200,000 BAHT BAAN BALINA 1 South Jomtien Land size: 111 sq.w House size: 180 sq.m Private swimming pool Partially Furnished

3 Bedrooms 3 Bathrooms In Secure Village Held in company name

SALE: 5,950,000 BAHT

Jomtien

038 267 030-1 • Pattaya 038 723 615-6

SHOWHOUSESHOWCASE

Orion Urban Retreat Kasetin Soi 3, Pratumnak

Self-contained Orion is in a prime position

n many respects the Orion Urban Retreat will provide a self-contained lifestyle with little need for residents to venture out too often. But, given its prime position on Pratumnak, the fact is that the best that Pattaya and Jomtien can offer is just minutes away and an ever-growing number of bars and restaurants can be found right on the doorstep. So what gives Orion its self-contained element? Well it has no shortage of pools to relax by. There is a 25-metre one at ground level and a rooftop plunge pool with sauna, steam room, Jacuzzi alongside. And let’s not forget the children’s pool. Also there will be a second floor cafeteria/bar offering room service. Want to stay fit? There will also be two state-of-the-art fitness areas to complement the pools. Orion will also have lush landscaped gardens and relaxation areas. The beach is just a few minutes’ walk down the road but, really, there is enough space to take it easy in without leaving this retreat. Sales picture Orion was only officially launched in May and already 30 per cent of its 292 units have been snapped up. The building will occupy 21 floors and because of its elevated position sea views are available from the fifth floor upwards. The on-site showroom has a display wall which graphically shows what views will be 42•REm•Issue 146• 07/2013

available and from which floors. As one might expect the upper floors will allow a 180-degree sweep of the bay and islands. The building will have nine penthouse suites available though these are yet to be released to the market. They are not on the top of the 21 storeys. They are on the 17th floor. If you look at the picture at the top of the facing page you will see why. Covered terraces To comply with planning regulations part of the building needs to be set-back from the road. So the developers have decided to make a feature of this and build covered terraces each with their own Jacuzzi on deck to create special apartments of between 45.5 and 118 sqm. The showroom depicts three of the unit sizes on offer – 33.5sqm and 41sqm onebedroom apartments plus a 67sqm two-bedroom one. The built-in furniture is included in the asking price but you are advised to ask for the readily available list of what is included so you can compare with the contents of the tastefully decorated show units. A spokesman for sole agents Colliers International said: “All Orion units are available at a good price now when viewed against other developments planned in the vicinity. “The design and layout of the units is exceptional and the project is in a great position to attract rentals for those looking to invest in the area.” Ω

07/2013•Issue 146•REm•43

SHOWHOUSESHOWCASE factfile Development: Orion Urban Retreat Location: Kasetin Soi 3 on Pratumnak. Head down the road that takes you to the Royal Varuna Yachtclub and the project is signposted on the right. Developer: Orion Development Co Ltd Design: ?????? Project Consultants: The Lion Group Sole Agents: Colliers International Prices: l One-bedroom units now start from Bt2.283m for a 33.5 sqm; Bt2.655 for 41sqm; Bt2.852 for 45sqm. A 67sqm two-bedroom unit starts at Bt4.192m. Penthouse prices are yet to be released. What’s included: External l Large 25-metre infinity edge salt water swimming pool l Children’s pool l Rooftop plunge pool and Jacuzzi. l Poolside cafeteria/bar l Room service l Children’s play area l Lush landscape gardens and relaxation areas l Two fully-equipped state-ofthe-art fitness rooms with city and bay views l Key card access, CCTV and 24-hour guard surveillance l WiFi throughout l Car parking for approximately 100 cars Internal l European-standard kitchen l European-standard bathrooms l All fixed furnishings included l Pre-installed air cond units l Tiles by COTTO or equivalent Further information T: +66 (0) 38 074 251 +66 (0) 880 508 8880 (Russian) E: sales@orionpattaya.com W: www.orionpattaya.com 44•REm•Issue 146• 07/2013

Visit our showroom in Kasetin Soi 3 Call 038 0474 251 or

080 508 8880

www.orionpattaya.com sales@orionpattaya.com

SPECIALFEATURE

Global housing markets Best: Dubai

HOUSE PRICE CHANGE (INFLATION-ADJUSTED)

Country UAE – Dubai Hong Kong US (Case-Shiller) Turkey India – Delhi Brazil – Sao Paulo New Zealand Denmark Israel China – Beijing US (FHFA) Norway Estonia Poland Taiwan – Taipei Sweden South Africa Switzerland Philippines –Makati – CBD Japan – Tokyo Indonesia Canada Thailand Iceland Romania Latvia – Riga Finland Australia Singapore Slovak Republic France UK (Nationwide) Lithuania – Vilnius Germany Ireland Bulgaria Portugal Russia Croatia – Zagreb Spain Netherlands Greece

year-on-year(%) q-o-q(%) Q1 2012 Q1 2013 Q1 2013 -1.01 2.11 -3.94 -1.55 24.41 18.45 -0.20 -5.52 -3.33 -3.86 -2.09 5.43 9.13 -10.94 -0.38 -5.16 -5.19 5.49 7.34 1.18 -0.13 4.04 -2.44 0.85 -1.53 -4.63 -1.86 -4.90 -1.36 -5.89 -0.43 -3.16 -2.46 7.60 -18.21 -5.92 -11.39 -1.87 -6.28 -9.00 -6.38 -12.01

 28.02  20.14  8.31  8.13  7.61  7.34  7.23  7.01  6.34  5.92  4.93  4.75  4.20  3.24  3.24  3.11  3.09  2.42  2.34  2.12  2.04  1.58  1.48  0.59  0.52  0.30  0.29  0.11  -0.52  -1.73  -2.37  -2.52  -2.58  -3.30  -3.51  -4.52  -7.18  -8.09  -9.53  -10.24  -10.99  -11.53

6.87 4.13 3.30 -1.09 1.39 0.68 2.42 3.25 3.12 4.52 1.32 2.38 2.14 4.81 2.68 0.69 -2.25 0.97 1.33 6.39 -0.92 -1.48 1.02 -2.06 -0.36 -0.20 0.29 -0.25 -0.67 -1.14 -0.79 -0.40 0.08 -0.83 -3.26 -0.87 -3.96 -2.97 -3.12 0.28 -2.92 -0.22

= more than 1 percentage point increase in house price change = less than 1 percentage point increase in house price change = more than 1 percentage point decrease in house price change = less than 1 percentage point decrease in house price change All compared to same period of last year © Global Property Guide

48•REm•Issue 146•07/2013

Best: Dubai

dramatic picture of house prices rising around the world is revealed by the latest Global Property Guide house price survey, for the year to the first quarter of this year. The guide describes this as the most significant global acceleration in house prices since the boom years of 2006/7. Using inflation-adjusted figures, the Global Property Guide’s survey reveals that house prices rose in 28 of 42 housing markets which have so far published housing statistics. But the nominal figures (with which the public is more familiar, see table facing page) show the depth and breadth of the boom: in the first quarter of 2013, nominal house prices rose in 30 countries, and fell in only 12. Inflation is particularly high in several countries with high nominal annual house price rises (India, Brazil, Turkey, South Africa), so the two sets of figures are very different. Regional snapshots Of the nine Asian housing markets included in the survey, eight saw house prices rise during the year to Q1 2013. In momentum terms, only two countries performed more poorly during the year to end-Q1 2013 than the previous year, while the other seven showed improved performance. Thailand enjoyed a small year-on-year house price increase in Q1 2013 of 1.48 per cent. While Hong Kong saw the

world’s second highest house price rises, with house prices surging 20.14 per cent year-onyear in Q1 2013, far higher than the 2.11 per cent annual increase seen during Q1 2012. House prices rose by 4.13 per cent quarter-on-quarter during the latest quarter. Hong Kong’s economy expanded 2.8 per cent in Q1 2013 from a year earlier. Economic growth is expected at about three per cent in 2013, from 1.4 per cent in 2012, 4.9 per cent in 2011 and 6.8 per cent in 2010. House prices in Delhi, India, rose by 7.61 per cent during the year to Q1 2013, from year-onyear increases of 6.05 per cent in Q4 2012, 5.31 per cent in Q3, 6.23 per cent in Q2 and 24.41 per cent in Q1 2012. Delhi house prices rose by 1.39 per cent during the latest quarter. In Beijing, China, the price index of second-hand residential buildings rose by 5.92 per cent during the year to Q1 2013, in sharp contrast with year-on-year declines of 1.27 per cent in Q4 2012, 3.81 per cent in Q3, 4.97 per cent in Q2 and 6.85 per cent in Q1. House prices increased 4.52 per cent during the latest quarter. In Greater Taipei, Taiwan, house prices rose by 3.24 per cent during the year to Q1 2013, in sharp contrast with the 0.38 per cent year-on-year decline seen in the same period last year. House prices increased by 2.68 per cent during the latest quarter. Other Asian housing markets which saw modest year-on-year

booming says survey Worst: Greece

HOUSE PRICE CHANGE (nominal)

Country

house prices increases in Q1 2013 include the Makati CBD, Philippines (2.34 per cent), Tokyo, Japan (2.12 per cent) and Indonesia (2.04 per cent). Though Singapore had seen its house prices decline by 0.58 per cent during the year to Q1 2013. This is an improvement from the 1.36 per cent year-onyear decline registered in the same period last year. US rising strongly Meanwhile in the United States the housing market has been rising strongly. House price rises are accelerating. The S&P/ Case-Shiller seasonally-adjusted national home price index soared 8.31 per cent during the year to end-Q1 2013, the biggest year-onyear increase since Q1 2006. As a reminder, these figures are adjusted for inflation, as are all subsequent figures. Over the same period, the FHFA’s seasonally-adjusted purchaseonly house price index rose by 4.93 per cent, its fourth quarter of year-on-year gains. Consumer confidence is at a five-year high, construction activity is picking up, and foreclosures and delinquency rates are falling. More European housing markets are showing signs of recovery. In Turkey, house prices rose by 8.13 per cent during the year to Q1 2013, in sharp contrast with the 1.55 per cent year-onyear decline seen in Q1 2012. But the recovery remains weak in Europe where some housing markets remain

depressed. Greece remains the world’s weakest housing market in Q1 2013, with house prices falling by 11.53 per cent during the year to Q1 2013. The 13 weakest markets in the survey were all in Europe. Pacific housing markets’ upward momentum continues. New Zealand’s median house prices rose by 7.23 per cent during the year to Q1 2013, in sharp contrast with year-on-year decline of 0.2 per cent in Q1 2012. In addition, Australia’s housing market is also recovering, with house prices in the country’s eight major cities rising by 0.11 per cent during the year to Q1 2013, its second consecutive quarter of year-onyear growth. The Middle East’s housing markets remain strong. Dubai, UAE, is the world’s best performer. Dubai’s house prices soared by 28.02 per cent during the year to Q1 2013, in sharp contrast with the 1.01 per cent year-on-year decline seen during the same period last year. Momentum: 27 housing markets showed better performance in the first quarter of 2013, in momentum terms, than the same period last year, while only 15 housing markets showed weaker momentum. Guide’s conclusion: The latest house price figures show that the global housing slump is finally over. House prices are rising in more countries than not, and the momentum trend is clearly upwards. Ω

UAE – Dubai Hong Kong India – Delhi Turkey Brazil – Sao Paulo US (Case-Shiller) South Africa New Zealand China – Beijing Denmark Estonia Israel Indonesia US (FHFA) Taiwan – Taipei Norway Philippines –Makati – CBD Poland Thailand Iceland Singapore Sweden Australia Canada Switzerland Finland Japan – Tokyo Latvia – Riga Slovak Republic UK (Nationwide) Lithuania – Vilnius France Russia Bulgaria Germany Ireland Romania Croatia – Zagreb Portugal Spain Netherlands Greece

year-on-year(%) q-o-q(%) Q1 2012 Q1 2013 Q1 2013 -0.37 7.08 33.33 8.72 24.66 -1.23 0.64 1.37 -0.35 -2.96 13.90 -1.56 3.59 0.66 0.87 6.30 10.68 -7.34 0.88 7.34 3.47 -3.49 -3.39 6.05 4.56 1.16 1.68 -1.50 -2.29 0.21 1.09 1.87 1.93 -4.31 9.84 -16.33 -3.84 -4.36 -8.60 -7.22 -4.15 -10.23

 28.97  24.51  20.24  16.04  14.38  10.17  9.26  8.11  8.07  8.01  7.89  7.89  7.40  6.73  6.18  5.99  5.61  4.65  4.57  0.59  3.50  3.05  2.60  2.60  2.07  1.94  1.20  0.40  -1.73  0.21  -1.08  -1.38  -1.53  -1.92  -1.93  -3.03  -4.49  -6.23  -6.75  -7.90  -8.35  -11.55

6.98 5.14 3.59 1.52 2.62 3.94 0.09 2.83 5.80 4.29 3.40 3.00 1.21 1.95 3.00 2.91 2.08 5.06 1.50 0.04 0.57 0.37 0.14 -0.09 0.75 0.72 6.50 -0.56 -1.14 0.08 0.51 -0.74 -1.08 -0.95 -0.31 -2.58 -2.04 -2.40 -3.73 -0.78 -2.25 -2.24

07/2013•Issue 146•REm•49

MYSTERYcolumnist Our man at large takes a took at the changing face of Pattaya – this month with special emphasis on the big names from the world of sport who are coming to Pattaya and Bangkok.

Top sportsmen help put Pattaya on the world map

ith Pattaya always looking to improve its reputation we are seeing an increasing number of world famous sports stars coming to the city for various reasons but most usually to raise money for charities. For a long time now we have seen stars from the world of snooker coming here – largely due to high interest in the sport in the country... but we are now seeing stars from other sports coming. With these stars visiting our city we are seeing increased publicity and, thankfully, it is of a positive nature. World exposure has been achieved in some cases and Pattaya has received a much needed boost to the city’s reputation. Phil Taylor, the world’s number one dart player has also been in the city recently promoting his sport. While this is perhaps seen as not

50•REm•Issue 145•06/2013

‘‘

By OUR MAN AT LARGE being a major sport it has a healthy backing in Pattaya and any support I am sure is welcomed. With world leaders in sports coming it only goes to show how Pattaya is changing and becoming a destination for people from all walks of life. Minority sports are certainly supported in this city and we should be grateful to these stars coming and promoting their sports to the level that they have been doing.

Debut in Muay Thai The other month a boxing great was in the city when former world heavyweight champion Riddick Bowe came over to fight at the special erected venue at Bali Hai Pier. Bowe was making his debut in Muay Thai boxing against Russian Levgen Golovin (both pictured below) and was, unfortunately, heavily beaten. While boxing is certainly not

The fact that someone of this calibre

would even consider fighting in Pattaya

’’ is a huge

compliment

a new sport in Pattaya with the excellent boxing complexes already in place, a former heavyweight champ coming over to fight is. Bowe is believed to have received a purse of $150,000 showing that there are significant sums available to attract these kinds of sporting stars. The fact that someone of this calibre would even consider fighting in Pattaya is a huge compliment to the city and the local boxing community. In a few months’ time one of greatest boxers of all is scheduled to come to Pattay in the shape of Sugar Ray Leonard. The aim is that the boxing legend will be here to raise money for a local children’s charity with a series of events including golf days and after-dinner speaking. There is also much talk of the possibility of Mike Tyson becoming the next boxer to visit and support the charities in a similar manner. While these events may be commonplace

in the West, things like this are relatively new in Pattaya and reflect the changing clientele and boost City Hall’s attempts to change the image of Pattaya. Last month also saw the arrival of the Legacy of Legends players from Manchester United (pictured above) in Pattaya, again taking part in a number of charity events. Obviously, for these events to take place there needs to be significant backing from major sponsors. This was thankfully the case and with the Tourist Authority of Thailand (TAT) supporting the events and it was a major coup that Pattaya was chosen ahead of some other Thai cities. Global brand Manchester United is global brand and their top former players coming to our city certainly created some excitement. This summer will see three English Premier League teams – the current Man U side, Chelsea and Liverpool – plus Spanish giants Barcelona coming to play in Thailand. Although none will kick-off in Pattaya it is an excellent reflection on Thailand overall as a sporting nation. With major teams visiting Bangkok, and Championship side Leicester City staying in Pattaya a 52•REm•Issue 146•07/2013

‘‘ This summer will see

three English Premier League

teams as well as Barcelona coming

’’ to play in Thailand.

couple of years ago, hopefully we can see Pattaya become an attractive destination for more major clubs. This can only enhance the reputation of the city and boost the local economy. Formula One is another sport that is expected to be coming to Thailand with plans already well underway for a Grand Prix to be held here in 2015. The actual venue is yet to be decided but looks highly likely to be a street circuit in Bangkok. With the publicity, sponsorship and spectators that follow the sport this is certain to be a boost to the Thai economy although it is likely to cause major disruption in the capital throughout the duration of the event. If the event does, as expected, take place, Pattaya will reap the rewards of increased visitors with speculation that many residents of Bangkok may be looking to purchase property in Pattaya as either second homes or investment properties. These visitors are likely to be looking for higher end properties further improving the reputation of the city. These high end properties are becoming more and more common and are a superb compliment for the city. As I am sure you can probably imagine the success of these events has led to the prospect of more coming in the future. The aim really

is to make Thailand, and in particular Pattaya, a sporting destination aiming to compete with some of the other major venues around the world. The aim long term would be to bring stars from past and present to attend gala dinners and charity events as well as current major sporting teams and individuals coming here to compete. Great support All this obviously needs a great deal of support from City Hall, TAT as well as individuals within the local community. If this were to be achieved we would all see the benefits, especially with regard to the local economy. All these events should give people confidence that Pattaya is still up and coming and a thriving place people want to come to, do business in and promote their products. I can only see Pattaya going from strength to strength. Major sport stars and sporting events may not appeal to everyone but they certainly raise the profile of the city. The publicity that has been received has been very favourable and can only benefit us all. However, as always space is running short. So until next time, make the most of the events on offer, please support the local charities and keep enjoying the Land of Smiles.

089-092-11-33

lete

013

SPECIALFEATURE

A busy time for M&S

Photographs on these pages are courtesy of Khun JU (yellow edges); Khun YOD (black edges) and Khun Chaianan Rohloff (white edges).

The past few weeks have been very busy for the followers of the Movers & Shakers networking group in both Bangkok and Pattaya. The pictures on this page were taken at the well attended gathering at Bangkok’s the Q Bar held late in May. Since then there has been another popular evening at Havana Bar at the Holiday Inn, Pattaya, and, after the magazine went to the printers, a further event was due to be held at another Holiday Inn, this time at Bangkok Sukhumvit 22. Co-sponsors at the Q Bar were Meinhardt (Thailand); in Pattaya it was Pattaya Trader; and for the latest one it was scheduled to be independent property management outfit Cornerstone.

54•REm•Issue 146•07/2013

Good company in stylish surroundings

Movers & Shakers Best for monthly corporate networking in Bangkok at all the top venues

Tune-in at facebook.com/Moversshakerscharity for the next event announcement Further information and bookings: Emanuel Mekel emanuel@moversshakerscharity.com | 081 848 1258 www.facebook.com/Moversshakerscharity

07/2013•Issue 147•REm•55

regularcolumnist

American journalist and property investor Bart Walters has been living in Thailand for more than 13 years, first in Bangkok, then in Phuket and Pattaya and recently he moved back to Bangkok. Bart publishes his inside views on Thailand property market in various print and online publications including International Living and Escape America. He can be contacted at bkkbart@gmail.com

The other 92.7%

ost people holding this magazine and reading this article fall into one of two categories. As a foreigner in Thailand, you are either a tourist or a former tourist. Even those who came for business were initially exposed to the parts of Thailand that are warm and fuzzy to tourists; or “visitors” as the Tourism Authority of Thailand (TAT) likes to call us. Some of you are here for the first time. Especially this time of year, many Thailand-lovers return during low season year after year to enjoy the good life without the crowds. Others have families and run businesses here. Quite a few of us have lived here for a long time. But, at some point we were all tourists. I’d say a very lopsided majority of us came for holiday, not business, for the first time. Living in a place like Pattaya, it is easy to miscalculate the actual

‘‘

By bart walters contribution of tourism to Thailand’s economy. Since tourism and hospitality is what we see most, and appear to play such a large role in Pattaya’s local economy, we assume that as tourism goes, so goes Thailand. As you will see, that may not be the case. Last year tourism in Thailand directly contributed Bt825.6 billion to the Gross Domestic Product (GDP) of Thailand. That is 7.3 per cent of the total GDP. Most people think it’s a lot more. When I’ve talked to property buyers in Pattaya and Bangkok, many express anxiety over events that could affect the tourism industry like political unrest or natural disasters. Whether or not they plan to rent their property to tourists, or run other tourist-dependent businesses, they are hyper-sensitive to any unsettling of the tourism and hospitality market. They perceive connectivity between the success of tourism and Thailand’s actual economic health. Whether or not this causality exists is

If all tourism in Thailand came

to a screeching halt tomorrow,

92.7 per cent of the Thai economy would continue

’’ with business as usual.

debatable. There are certainly plenty of economies in the world that get along fine without much income from tourism. If all tourism in Thailand came to a screeching halt tomorrow, 92.7 per cent of the Thai economy would continue with business as usual. Now, of course ripples would be felt throughout the economy as suppliers and complimentary businesses would suffer. But it wouldn’t affect the car making business. It wouldn’t slow down the export of rice, or shrimp or chickens or pineapples or rubber. If I were an investor looking for assurance of future stability in a region, there are a lot of other factors I’d consider more important than how many Russians or Chinese came to Pattaya this year versus last year. Looking at macro-economic statistics can be misleading. Thailand’s GDP has taken a fairly circuitous route to where it now stands. The floods in Bangkok

Data in these charts is reproduced courtesy of the London-based World Travel & Tourism Council

56•REm•Issue 146•07/2013

regularcolumnist

caused a big slide in one quarter and sudden leap in the next as things got accounted for. Dynamic economies like most in the ASEAN region cannot be judged at a glance. It is more important to get a grip on exactly what enterprises make up the other 92.7 per cent of the Thai economy and what the future holds for them. From a global perspective, Thailand has some pretty intriguing characteristics. Thailand represents the 2nd largest ASEAN economy, the 19th largest global manufacturer, 35th largest global economy and 33rd largest exporter. Thailand has seven international airports, six deep sea ports and 60 industrial estates. Thailand is the world leader in production of natural rubber, rice, cassava and tapioca. Thailand also ranks high on the global export leader board in seafood, chicken, pineapples and canned tuna. There are more than 9,000 food processing companies in the Kingdom. A wide variety of other manufacturing facilities exist in Thailand including chemicals, plastics, and electronic components. Between 2009 and 2011 rubber export jumped by 81.60 per cent; refined fuels by 32.89 per cent; plastic resins 44.57 per cent, chemical products by 50.78 per cent. Thailand is number one in the world in production of Hard Disk Drives. Many people are unaware that right here in Chonburi Province, we produce more cars, trucks and vehicle parts than any place else around. Thailand is, in fact, the largest auto manufacturer in Asia and 12th in the world. Thailand is the world’s second largest producer of pick-up trucks. Sometimes you can see the charts and ranking on a page and they lack impact. What does all this mean in real terms? How does that affect me and my investment decisions? Why is all this important to a guy looking at a three-bedroom house in East Pattaya?

‘‘

Here are a few news items to help you get it: Mitsubishi Expands in Thailand Japanese carmaker Mitsubishi Motors Corporation is ramping up exports, using Thailand as a production base for 58•REm•Issue 146•07/2013

Thailand

has seven

international

airports, six deep sea ports and 60

industrial estates. Thailand is the world leader in production of natural rubber,

’’ rice, cassava and tapioca.

pickup truck and eco-car shipments to more than 140 countries. Mitsubishi has been in Thailand since 1961. It began exports with its Lancer Champ model in 1988. As of last month, Mitsubishi had exported two million vehicles from Thailand. According to Osamu Masuko, Mistubishi’s Japan-based president: “Mitsubishi’s three factories on the Laem Chabang Industrial Estate in Chonburi province are exportorientated operations.” The export target for the Thai plants is 340,000 units this year, a rise from 280,000 last year. The plants have a combined annual capacity of 460,000 units, about 70 per cent of which serve overseas markets. “Thailand is our secondlargest production base behind our headquarters in Japan thanks to the Thai government’s support of the automobile industry and the Board of Investment’s tax incentives,” Mr Masuko said. The primary models for the global market are the Triton pickup truck (73.2 per cent), Pajero Sport Utility Vehicle (21.7 per cent) and Mirage sedan (5.1 per cent). “There is no investment plan to have any other Mirage plants elsewhere, so Thailand is the strategic production country of Mitsubishi Motors for Mirage,” Mr Masuko said.

Mitsubishi plans to spend about Bt1bn to raise the production capacity of Mirage by another 50,000 units this year. It started Mirage commercial production early last year with an annual capacity of 150,000 units. Mitsubishi plans to build a research and development centre in Thailand within two years to accommodate ASEAN expansion. As a first step, the company plans to increase its number of Thai and Japanese engineers from 40 to 120. They also plan to set up a test course in one of its Chonburi plants. In the domestic market, Mitsubishi Motors (Thailand) aims to sell 120,000 vehicles this year, giving it a share of about 10 per cent of the country’s overall market. Denso Corporation Expands in Thailand Japanese automotive component giant Denso has made Thailand one of its global strongholds with its latest Bt200m investment in building a new climatic wind tunnel that is the most advanced in Southeast Asia. Denso has been in Thailand since 1972 and now has eight companies, six of which are involved in manufacturing while the other two are distribution and sales firms. Denso employs a staff of 7,500 and earnings reached Bt64bn last year.

regularcolumnist

This is indicative of how important the Thai and ASEAN automotive industries are to global automotive companies, especially with Thailand’s goal of producing three million vehicles per year in 2017. Denso’s CEO ShigehiroNichimura said they are confident in the ASEAN economy. According to Nichimura, Denso will continue to invest in this region to meet demand and growth in markets like Thailand, Myanmar and Indonesia. He said Thailand would serve as the centre for automotive production in the Asia-Oceana region. Nichimura said Denso is investing Bt4bn in Thailand this year to expand production at factories located in the Wellgrow Industrial Estate in Chachoengsao and Amata Nakorn Industrial Estate in Chonburi. This is to prepare for relocation of production from Japan.

‘‘

Amata Industrial Estate Land Sales Brisk Amata Corporation, the developer and manager of industrial estates, said hundreds of land sales are expected to be sealed in the second half of this year, mostly in the car industry. ViboonKromadit, a director and senior vice-president, said each deal will require hundreds of rai of land, with the largest deal at 400 rai. Amata has set a sales target of 3,000 rai this year.If the deals are closed as expected, its sales will rise by at least 10-20 per cent from 2,800 rai last year. He said Amata has set a budget of Bt2bn to acquire more land to expand two industrial estates AmataNakorn in Chonburi and Amata City in Rayong. “The infrastructure for the extension of both projects is nearly done. Once the new space is ready, total land for sale will be increased to 4,000 rai from 1,500 rai,” said Mr Viboon. It seems that every day I hear of a new plant opening or expansion announcement in Thailand. Toshiba opens a new Bt2bn air conditioner manufacturing facility … Synergy (a food additives company) chooses Thailand as its Asian base because Thailand is 60•REm•Issue 146•07/2013

He said Amata

has set a budget of Bt2bn to

acquire more land to expand two

industrial estates – Amata Nakorn in Chonburi and

’’ Amata City in Rayong.

the number five food exporter in the world … the list goes on and on. Especially here in the Chonburi corridor between our two deep sea ports (Laem Chabang and Rayong) and massive industrial estates, the other 92.7 per cent of Thailand seems to be firing on all cylinders. Growth in all these sectors means more of everything. There will be more middle-class Thais spending money on things like beach condos and second homes in Pattaya. More expatriates will be sent to live and work in Thailand. More jobs … more wealth … more prosperity. Savvy property investors can make handsome profits just by being in the right place at the right time in a country that’s worth more every morning when you wake up. That’s why all those numbers and news stories are important to a guy looking at a house in East Pattaya. And not one bit of it has anything to do with Chinese arrivals at Suvarnabhumi, or hotel occupancy in Phuket. Besides Thailand’s strategic location, superior infrastructure and low-cost workforce, how can we rest assured that this trend will continue? How do we know that Thailand will continue to hold “darling” status once the AEC emerges in 2015? I think there are two major reasons

to be optimistic about Thailand’s chances for continued economic growth. First of all, the powers-thatbe here are making moves to be the “Germany of ASEAN” and take the lead in the 2015 transition to the AEC. The current government realises they aren’t the only girl at the dance and are responding to regional neighbour’s investment incentives with a change of tactics. Board of Investment Revision The laws governing the Board of Investment (BOI) are set to be revised in response to the agency’s new strategies to be implemented next year. The BOI’s main purpose is to attract investment in the sectors of the Thai economy that needs it most. Capital, manpower and technology get poured into Thailand from other countries attracted by BOI incentives. Potential revisions to the BOI plans include those on promoting overseas investment by Thai companies, the lengthening of the maximum investment-promotion period, and tax issues concerning revenue repatriation from overseas business units. The BOI is pushing a new investment-promotion strategy for 2015 implementation and is urging the Industry and Finance ministries to amend the Investment Promotion

115/38 Moo 10, Soi Khao Talo, Nongprue, Banglamung, Chonburi 20150 at entrance to Pattaya Reungrun Village (turning next to Nat Bar)

regularcolumnist

Act to make it more flexible allowing more competitiveness against neighbouring countries. The BOI has approved investment promotional privileges for 11 projects worth more than Bt40bn. Industry Minister Prasert Boonchaisuk said the current Investment Promotion Act provided corporate income tax exemption for eight years maximum while rival countries provided exemptions of 12 to 15 years. It is expected that matching or bettering these levels will be part of the BOI’s new plan. AEC is coming and it looks like the Thai government plans on taking the tiger by the tail. Call me optimistic, but I think this bodes well for investors in Thailand of any kind. The second major reason I feel upbeat about the future of economic growth in Thailand is … well … it’s Thailand, man … people just want to be here. The World Bank’s “Ease of Doing Business” Index places Thailand at #19. That’s ahead of Malaysia, Taiwan, Vietnam, Indonesia, The Philippines, Cambodia and Laos. In the region, only Singapore, Hong Kong and South Korea ranked higher. It’s easy to get money in … easy to take it out. Many of us living here have forgotten how difficult things can be back in our own overlegislated countries of origin. Top destination What’s more, the HSBC Expatriate Explorer Survey named Thailand Top Destination for the Expatriate Experience. I can’t remember when Bangkok didn’t win Economist magazine’s “Most Livable City in Asia” title. Living is good in Thailand as well as business; and that goes a long way with most people. When I see Japanese guys on the golf course who work at Amata or one of the other industrial parks, they look pretty happy to me. And that brings us back to tourism. We’re all either tourists or former tourists, remember? This X-Factor Thailand possesses … let’s call it the “I just want to be there” factor … is the elixir of life for all sectors of the economy, including tourism and real estate. 62•REm•Issue 146•07/2013

‘‘ In many ways, the tourism

business assists most other

sectors of the economy by

helping to create an environment conducive to business; the

’’ ‘I just want to

be there’ factor.

People come as tourists and end up falling in love with the lifestyle here. People come for work and retire here because it’s just so much easier than any place else they’ve found. Companies looking for a foothold in the region consider Thailand as a base of operations over any others. Nobody complains if their company sends them for a three-day conference in Bangkok. In many ways, the tourism business assists most other sectors of the economy by helping to create an environment conducive to business; the “I just want to be there” factor. It doesn’t matter if you are a “visitor” here for business or pleasure; it is easy to daydream about living in Thailand. That’s how it all starts. Travel, tourism and hospitality are all “gateway” industries. So perhaps I’ve been a little unfair here. Just because tourism doesn’t directly contribute a massive amount in GDP doesn’t mean it isn’t the grease that lubricates the gears of industry. In 2012, tourism and travel contributed a total of nine per cent to GDP if we include “the ripple effect”. Some 4.8 million workers depend on the travel and tourism industry. So the actual total impact on the Thai economy is much more significant. The relationship between tourism and the real estate business here in

Pattaya is undeniable. When visitors arrive, the “Pattaya Experience” primes the pump for a property purchase to occur. Pattaya’s foreign population has transformed according to changes in the tourism market. A few years back, visitors from Russia arrived, many of them purchasing property. In recent times we have seen a big increase in visitors from India and now China. Without a doubt this will change the dynamics of Pattaya’s business community. Tourism arrivals And for those would-be investors still ranking a healthy tourism market high on the list of priorities, fear not. The tourism business is alive and well here in the land of smiles. Tourism arrivals are predicted to reach 25.4 million foreign visitors this year, an increase of 13.6 per cent from 2012. The country should earn revenues of around Bt1.14 trillion from tourism. Living here in a tourist town, the importance of the travel and tourism industry is always front page news. It is easy to get a distorted understanding of the role it plays in the Thai economy. Perhaps the smart way to view tourism in Thailand isn’t to focus on the 7.3 per cent it contributes, but the role it plays with the other 92.7 per cent. Bart Walters

In this month’s pattaya living

The accidental heroes of pop In this month’s supplement we feature an article on people who, unwittingly, became immortalised in top pop songs.

Do you know who The Girl From Ipanema was? A recent picture of her can be seen alongside. Or why Simon & Garfunkel’s song America uses the name Kathy in the lyrics? Kathy is pictured on one of Simon’s solo album covers (far left). We explain how Buddy Holly came to change his song title from Cindy Lou to Peggy Sue? The real life Peggy Sue is seen left. The Beatles really did know a Polythene Pam although her name was really Pat, but it didn’t rhyme so well. Also the Paul McCartney wrote She Came in Through the Bathroom Window after a fan really did climb into his house in that fashion. This and much more in July’s Pattaya Living supplement.

64•REm•Issue 146•07/2013

broker & developer directory

The black pool planned for the roof of The Masters project coming soon to Pratumnak which is the subject of this monthâ&#x20AC;&#x2122;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: 406/370 Nongprue, Jomtien Second Road (opposite Tony’s) T: +66 (0)38 304 048 or (0)896 852 198 M: +66 (0)89 685 2198 Second office: North Pattaya – Wong-Amat Residence, 505/1 Moo 5, Soi 16 Naklua Road T: +66 (0)371 3118 M: +66 (0)247 20774 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 • 07-08/2013 • Issues 146 and 147

All Siam Properties M: +66 (0)87 068 5159 E: info@allsiamproperties.com W: allsiamproperties.com Membership: TREA

glossaRY

d i r e c t o r y

a g e n t s

d i r e c t o r y

glossaRY

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 • 07-08/2013 • Issues 146 and 147

Compass Real Estate Co Ltd 131/56 Moo 9, Sukhumvit Road, South Pattaya, Chonburi 20150 T: +66 (0)800 958 854 M: +66 (0)901 360 747/+66 (0)80 767 1868 E: office@compasspattaya.com W: compasspattaya.com Principal: Rob Rowcett 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) 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: eastcoast@thaiproperty.com W: thaiproperty.com or thaiproperty.net Principal: David Gray

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 Pratumnak – Tara Court 388/109 M12, Pratumnak Road 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 Jump Real Estate 315/154 Thappraya Road T: +66 (0)38 251 859 M: +66 (0)879 015 229 E: garry@jump-realestate-pattaya.com W: jump-realestate-pattaya.com Principal: Garry Angerstein Knight Frank The Village Shopping Centre where the Sukhumvit meets Soi Chaiyapruk M: +66 (0)81 550 4099 E: anchalee.kasemsukthawat@ th.knightfrank.com W: knightfrank.co.th 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

a g e n t s NT Realty Asia 215/15-18 Second Road T: +66 (0)38 426 242 or (0)38 425 836 E: info@nt-realty.com W: realestatethailand.com Principals: Tim Bunker and Peter Randall Memberships: REBA (Thailand), REBA-ES, RETS (Thailand), NAR 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

PATTAYA REALTY Follow us:

http://on.fb.me/pattayarealty

@pattayarealty

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 Advertisements: Pages 14 and 15 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)

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 M: + 66 (0) 811 580 065 (English) + 66 (0) 807 247 476 (Thai) E: info@pattayabayrealestate.com W: pattayabayrealestate.com Principal: Mal Patterson 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 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

: 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.

Beat The Rush!

(HR1041)

(CR4944)

Situated on top of Pratumnak hill, Spectacular sea and city view For special pre-launch prices in the highest building in Pattaya!

Premier Homes Real Estate Co Ltd 240/21 Jomtien Beach Road T: +66 (0)38 231 931 M: +66 (0)81 634 2915 E: premier@loxinfo.co.th (HS0247) W: premierinternational.com : Principals: Clayton and Supap Wade Memberships: www.pattayarealty.comCIPS, RETS (Thailand), NAR Baan Balina I

Rent 35,000 / month

Rent 16,000 / month

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.

(HS4948)

GRE

Rent 44,000 / month

Sale 29,000,000 Jomtien: Fully renovated to a very high standard with 4 beds, 4 baths, fully furnished,

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.

COM L IN

ENTA

AT R

(HR1306)

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

Email: info@pattayarealty.com

Tel:66(0)38 412 301/2 or 089 833 6175 089 8327226

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) 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 â&#x20AC;˘ 07-08/2013 â&#x20AC;˘ Issues 146 and 147

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

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

d i r e c t o r y

REAL ESTATE BROKER ASSOCIATION â&#x20AC;&#x201C; 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 Seaboardâ&#x20AC;&#x2122;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 info@1stop-pattaya.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

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D E V E L O P E R S d i re c t or y 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 Blue Sky Developments Co Ltd 933 Ruamtanuthai Building, 11th floor, Mahachai Road, Wangburapapirom, Phranakorn, Bangkok T: +66(0)81 8180874 E: pornthepchawla@gmail.com W: blueskydevelopments.co.th Principal: Pornthep Chawla (Dev) Boutique Corporation 170/67 21st floor, Ocean Tower 1, Soi Sukhumvit 16, Ratchadaphisek Road, Klongtoey, Bangkok 10110 T: +66 (0)86 378 7777 E: pattama@boutiquecorporation.com W: boutiquecorporation.com Principal: Pattama Piyamaneeporn

DEVELOPERS DIRECTORY • 07-08/2013 • Issues 146 and 147

Bravo Thai Lifestyle Co Ltd Projects: The Vineyard I, II & III and Amaya Hill near Lake Mabprachan M: +66 (0)89 8677 969 E: terry@siamdevelopments.com W: siamdevelopments.com Principal contact: Terrence Allen Collins 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 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

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 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) 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 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 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

Major Development PCL 141 Soi Thonglor 10, Sukhumvit 55, Klongton Nua, Wattana, Bangkok 10110 Local project: Reflection Jomtien Beach Sales office: Jomtien Beach Road, adjacent to Suttangrak Restaurant T: +66 (0)38 233 111 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. Soi 4 and look for the orange signs Current projects: New Nordic Suites, New Nordic VIP Condominium I, II and III and IV are planned T: +66 (0)38 250 025 M: +66 (0)89 605 4114 E: sales@new-nordic.com W: new-nordic.com Norwegian Properties Group 315/175-180 Moo 12, Nongprue Banglamung, Chonburi 20150 Project: VN Residences 3 T: +66 (0)38 303 310 F: +66 (0)38 252 548 M: +66 (0)89 936 6741 (Eng) or +66 (0)89 834 7664 (Eng and Rus) E: jeanette@vnresidences.com or liene@vnresidences.com W: vnresidences.com Principal contact: Jeanette Eiksund Heltne

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Where you can get a copy of REm

Robin’s Nest 33/42-44 Moo 10 Soi Diana Inn T: +66 (0)38 720 194 or +66 (0)89 928 7080 W: robinsnestpattaya.com

Mantra Restaurant & Bar Pattaya Beach, Pattaya T: +66 (0) 3842 9591 E: email@mantra-pattaya.com W: mantra-pattaya.com

Starbucks Coffee Company Lido Pattaya Royal Garden Pattaya Stylo Pattaya Beach Road Tuk Com South Pattaya Central Festival T: 038 710 087 E: customercomment@ starbucks-thailand.com W: starbucks.co.th

Pattaya Marriott Resort & Spa Beach Road, Pattaya T: 038 412 120 E: pattayamarriott@minornet.com W: marriott.com/PYXMC

Sportsman Pub & Restaurant Soi 13, Pattaya Beach Road T: +66 (0)38 710 609 or +66 (0)86 834 3729 W: sportsmanpub.com

Coco’s Bistro & Coffee Lounge Soi Chaiyapruk, Jomtien T: 038 074 675 E: madeup@cocospattaya.com W: cocospattaya.com

Holiday Inn Pattaya 463/68 Pattaya Sai 1 Road, Nongprue, Banglamung, Chonburi T: +66 (0)3872 5555 W: holidayinn.com/pattaya

The Village Shopping Centre Junction Soi Chaiyapruk and Sukhumvit Road T: 038 074 647-8 W: thevillagepattaya.com

Shenanigans Irish Pub Jomtien Complex Condo Thappraya Road, Jomtien T: 038 303 490 E: info@ shenanigansthailand.com W: shenanigansthailand.com

Bangkok Hospital Pattaya Highway 3, Naklua T: 038 259 999 Emergency: 1719 E: inquiry@bph.co.th W: bangkokpattayahospital.com

Tequila Reef Cantina Soi 7, Pattaya Tel: (038) 414-035 E: info@tequilareefpattaya.com W: tequilareefpattaya.com

Read back issues on-line at www.remthai.com 07/2013•Issue 146•REm•71

D E V E L O P E R S d i re c t or y 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 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 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

DEVELOPERS DIRECTORY • 07-08/2013 • Issues 146 and 147

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 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

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 (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 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 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 Tropical Dream Pattaya Co Ltd Showroom Pratumnak Road, Soi 6 Projects: Tropical Dream I 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 and The Cube M: +66 (0)81 863 0201 E: tudorvillas@yahoo.com W: tudorcourtthailand.com

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 Universal Group Thailand 324/90 Moo 12, Thappraya Rd Nongprue, Banglamung, Chonburi 20150 T: +66 (0)38 074 625 E: universalplus@ymail.com W: universal-thailand.com Principal: Sonia Punjabi

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