REALESTATE e n i z a g a m thailand
Tales of the Dark Side
the palm is on course bank funding has been secured See Page 12
Issue 137 • October 2012
เรียล เอสเตท แม๊กกาซีน ไทยแลนด์
THE
MALDIVES
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M. THB
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who’swho
Managing Director Dave Buckley Tel: 087 988 0799 dave@thailandpropertymagazine.com Publisher/Editor Mesiya Watson may@realestatemagazinethailand.com
Our team
Since 2001 – Thailand’s first English language property magazine
No slowdown in sight High season is approaching but I am never sure if folk think
Sales and Marketing Wongduan Roberts Tel: 087 535 8096 duan@thailandpropertymagazine.com or realestatemag@hotmail.com or dave@thailandpropertymagazine.com Office/Accounts Tel: 038 406519 or 08 6335 2474 dear@thailandpropertymagazine.com Web address www.remthai.com www.realestatemagazinethailand.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
it starts in October or November (or if it even starts at all!). If you asked me to make a decision I would declare November to be the start point and the advance interest being shown in the magazine for that month would seem to support this. This time last year was crazy. There’s no other word for
Dave Buckley ponders the upcoming high season and wonders if it will match the hubbub of last year
it. New projects were being launched so fast you could have been forgiven for wondering if there was some cut-off point that all plans had to be in by, such was the rush. Also, of course, Bangkok residents were hit by flooding and many visited Pattaya as a result. If condo sales are anything to go by, they liked what they saw ... with the memory of what they viewed in the capital clearly helping make up their minds! Will it be the same again this year? Well, there seems to be several project launches in the offing. On the same scale as this time last year? Probably not. However, it should be remembered that a steady stream of projects has been introduced during the so-called low season. Property developing in Pattaya shows little sign of slowing though when, if ever, it will reach saturation point is anyone’s guess. I’m sure I speak for most of us when I say that I hope there
will be no repeat of the traffic nightmare that the flooding in Bangkok brought here. Unfortunately a lot of people I speak to think the flooding will return soon to the capital. I feel uncomfortable about saying this ... but if the waters do come back it
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 2012
2•REm•Issue 137•10/2012
is likely to be to Pattaya’s benefit. Gaining profit on the back of misery for others is not something to crow about, but I’m sure that would be the result. This month sees the launch of a new supplement – Transparency – in co-operation with the Real Estate Broker Association – Eastern Seaboard (REBA-ES), an organisation keen to “clean up our town” in terms of everyone involved in property being encouraged to act ethically and professionally. In the supplement we carry the briefest of brief mentions that Pattaya is on track to attract a record eight million hotel guests this year. Don’t go looking for the item, I’ve just told you everything. This news might be part of the reason why many top brand hotels are working more and more in co-operation with condo developers as evidenced over the past year. Add two major water parks which are just around the corner (which we also report in Transparency) and you might start thinking that better times lie ahead. Let’s hope so – but let’s also spare a thought for those in Bangkok who have to contend with the renewed threat of flooding. Pattaya doesn’t need problems in Bangkok to make progress. It’s doing pretty good by itself!
OURadvertisers
AAAA Properties 64 A.D Condominium 24 Alan Bolton Property Consultants 92 Amari Residences Pattaya (Nova) 61 Amazon Residence (Matrix) 74 Anaakot Group 55 Atlantis Condominium 58 Best Price Real Estate 32-33 CARS Pattaya (map sponsors – Tulip) Inside back cover Centara Grand Residence (Tulip) Inside back cover City Center Residence (Matrix) 73, Back cover Cliff, The (Nova) 19 Coastal Real Estate 26 Colliers International 65-72 Cosy Beach View 17 C-View (Heights Holdings) 45 East Coast Real Estate 41 Elegance Condominium @ Cosy Beach 25 Euro Design Furniture Living supplement 7 FARANG Services 4-5 Global Property (Global Solidor) 60 Golden Homes Real Estate 10-11 Green Field Villas 4 18 Laguna Bay I and II (Heights Holdings) 49 Laguna Beach Resort – The Maldives (HH) Inside front cover Lion Bar, The Living supplement 39 Matrix Group 76-77 Meridiem Park Condominium (Domum) 16 Nam Talay (Nova) 59 Neo Condo 21 Novana Residence (Nova) 79 Ocean’s Edge 36-37 Owners Direct Real Estate 62-63 Palm, The (Nova) Front cover Paradise Ocean View 3 Pattaya Bay Real Estate 28-29 Pattaya Realty 14 Peak Towers, The (HH) 47 Ponard Design & Construction 31 Porch Land (The Feelture, The Prim, La Santir) Between 40-41 REBA-ES (Real Estate Broker Association) 84-85 Scanasia Warehouse Sale 40 Serenity Wongamat (Nova) 15 Seven Seas Condo 27 Siam Corner 80 Sixty-Three@12 (Anaakot) 54 SMART Expo 90 Talay Real Estate 38-39 Town & Country Property 8-9 Tropical Dream 20 Ville, The 22-23 Vision, The (Matrix) 78 Waterfront Suites & Residences (Tulip) Facing 81, 87, Living 5 Water Park Condo (HH) 53 Wong-Amat Tower (HH) 51 4•REm•Issue 137•10/2012
OURCONTENTS
cover story
pattaya
It’s full speed ahead at The Palm
living (
SEPARATE SUPPLEMENT
)
MAIN STORY: Thai musicians will have a chance to shine when the Global Battle of the Bands stages contests throughout the country
12
in search of a top act. Construction at the Palm development is cracking on and bank funding has been secured so it’s all systems go at the 5.5 rai Wong-Amat beachfront project where a total of close to 550 units are being built in two towers.
06: volley good show! Top ladies volleyball teams are heading to Thailand to take part in a major competition. Many of the teams competed at the Olympics in London.
44 35
Living life on the edge can be a peaceful experience if the edge is Ocean’s Edge in Krating Bay.
6•REm•Issue 137•10/2012
56
Lost and loving it! Bart Walters launches the first of his three articles about the Dark Side.
The future looks bright at Anaakot
24: insider report – got a small living
– a new name on the brokerage
space? This month we look at how to make the
and development scene.
most of it by cutting down on space wasters.
NEWSREPORT
Kingdom announce arrival with double sponsorships Just a few months ago the name Kingdom Property may have been unfamiliar to many. But now the company behind the Southpoint project on Pratumnak Hill is going about ensuring that their name soon becomes familiar to all. Part of the company’s marketing strategy is to involve itself in sponsorships that are both strategic and beneficial to the community in which they will operate. This this in mind Kingdom have announced that they will co-sponsor the prestigious annual Thailand Property Awards and, closer to home, they will also support young sailors of the future at the Royal Varuna Yacht Club which lies just minutes away from their Southpoint project. Chief executive officer Nigel Cornick said that Kingdom were proud to be supporting such an important industry event. Now in its seventh year, the glittering ceremony will take place on 13 October at the Dusit Thani Hotel in Bangkok and will present 37 awards. Mr Cornick is no stranger to the
awards having collected a record 10 of them in the past including winning the Best Developer Award for an unprecedented two consecutive years when he was CEO at Raimon Land. “I’m delighted to once again support the Thailand Property Awards,” he said. “It is an annual industry event with which I have had a long association and while we are not eligible to enter this year, we are pleased to assist with the recognition it gives to high-quality work across the industry from developers, agents, architects and designers.” The sponsorship of the young sailors at the Royal Varuna Yacht Club was announced at a ‘Come to the Point’ party held at the club. Mr Cornick said he was delighted to sign the one-year deal as a Gold Sponsor of the club’s Junior Sailing, which he hoped would become a long and on-going relationship. He said: “By supporting the young sailors of the club’s Junior Sailing division, we are also making a statement that we believe in the future of this city, and of Pratumnak in particular, and that we are here to stay.”
Above: Kingdom Property head of Sales and Marketing Henri Young (right) and Ensign Media and Thailand Property Awards CEO Terry Blackburn after the property awards co-sponsorship signing. Below: Nigel Cornick with some of the guests at the young sailors sponsorship announcement party.
Savills open office in the city
Pictured at the Savills office opening are (from left): Simon Smith – senior director, Research & Consultancy /Savills (Hong Kong) Limited; Khun Benja Arthachinta – honorary chairman/Savills (Thailand) Limited; Khun Korn Chatikavanij, Democrat Party Deputy Leader; Robert Collins – CEO Savills (Thailand) Limited; Christopher Marriott – CEO Savills, South East Asia.
Savills, one of the best know names in the world of property, have opened an office in Pattaya close to the Fairtex complex on Pattaya North Road. The official opening was held last month with Democrat Party deputy leader Khun Korn Chatikavanij, as guest of honour. Robert Collins, CEO Savills Thailand said: “Savills are already the largest real estate service provider due to our property management business. The opening of out new branch will enable us to provide a full range of agency services. “Savills is often associated with the luxury real estate sector and we are keen to expand upon our internationallyrespected profile locally. Our team in Pattaya is led by Kochakorn Sanpakdee, a seasoned Pattaya residential sales executive and respected figure in the local market. “Savills will bring a high level of new project marketing skills to the market place, combined with our award-winning reputation and status for international sales. As the Pattaya condominium market becomes ever more competitive Savills has the ability to open new sales channels for developers seeking buyers from overseas.” 10/2012•Issue 137•REm•7
COVERFEATURE
Full steam ahead for the fully-funded Palm towers
1
G
iven the quality of the project and the calibre of the people involved the question of gaining finance for Wong-Amat’s luxury two tower project, The Palm, was not so much a case of “if” but “who?” So it came as no great surprise when Nova Group were able to announce recently that a Bt800m funding package had been secured from Siam Commercial Bank. A pleased Winston Gale, partner and developer of The Palm, said: “There was another offer on the table, but SCB’s terms were so strong we couldn’t refuse.” He and his wife, Sukanya, the project’s head of accounts, were in weekly contact with the bank’s corporate team to provide the financial analysis it required over an eight month period. While many might regard a husband and wife team as a recipe for disaster in a business 12•REm•Issue 137•10/2012
environment, it has worked well for the Gales. “We complement each other without being in each other’s pockets,” Winston added. “Since the project started, Sukanya has been a tremendous help with everything from planning, architecture and office issues right through to assisting with the SCB financing. “People involved with The Palm in any way know that most roads tend to lead back to Sukanya or myself. A real asset “Our partner from the Nova Group, Rony Fineman, told me that Sukanya is a real asset. I knew that, of course, but it’s still good to hear it from him.” The Palm is located at the end of Wong-Amat Soi 16, one of Pattaya’s most prestigious residential areas. Construction began in February this year and
is scheduled for completion in the summer of 2015. The Palm will consist of two tower blocks – the 46-floor Beach Front Tower containing 344 apartments and the 26-floor Ocean View Tower with a further 198 condos. Located on a peninsula with views across to the Sanctuary of Truth to the north, Pattaya Bay to the south and the Gulf of Thailand to the west, every one of The Palm’s apartments will have the benefit of an unobstructed sea view. Studios and one and two-bedroom apartments are available for sale with the option to create three and four-bedroom units, although The Palm is already more than 83 per cent sold off-plan. Typically, studios occupy 33 sqm, one-bedrooms 53 sqm and two-bedrooms 96 sqm. Prices start at around Bt104,000 psm
for a second floor apartment rising to around Bt146,000 psm for one on the 44th floor. The site occupies 5.5 rai with 70 metres of exclusive beach frontage. More than 73 per cent of the entire site will be devoted to green areas. Communal facilities will include an enormous multi-level, infinity pool with integrated, in-water pool beds, a water slide and a fully-equipped swim-up pool bar restaurant. There will also be an extensive fitness centre and clubhouse; a beach-front restaurant; a resort-style open lobby; lush tropical gardens with tropical water features; a large, overhanging roof terrace directly above the pool bar; sun lounge areas and a children’s play area. There will be 182 covered parking spaces for cars and further covered and outdoor parking areas for motorcycles. Ω
3
4 1 Construction workers complete the piling for The Palm’s 46-floor Beach Front Tower. Because of the building’s location on a Wong-Amat peninsula, all 344 apartments in the Beach Front Tower will have unobstructed sea views.
2
2 The Palm partner and developer Winston Gale and his wife, Sukanya, who is the project’s head of accounts. They worked closely together to secure construction funding of Bt800 million.
3 Work gets under way on the central lift core systems for the Beach Front Tower. Construction on The Palm is scheduled to complete in 2015. 4 The foundations are in place for the 26-floor Ocean View. When completed, the tower’s 198 condominiums will also have unobstructed sea views with north-facing units looking out towards the Sanctuary of Truth and south-facing apartments looking out towards Pattaya Bay. 10/2012•Issue 137•REm•13
Est. 2001 Est. 2001 Est. 2001 Est. 2001
PATTAYA REALTY
Naklua Naklua
Jomtien Jomtien
Rent30,000 30,000/ /month month Rent
Rent25,000 25,000/ /month month Rent
Size232 232mmsq,sq,33beds, beds,33baths, baths,fully fullyfurnished, furnished, Size fullyfitted fittedkitchen, kitchen,private privateswimming swimmingpool. pool. fully
Size130 130mmsq,sq,22beds, beds,22baths, baths, Size fullyfurnished, furnished,fully fullyfitted fittedkitchen kitchen fully
Condo Condo
Jomtien Jomtien Size168 168mmsqsq, 3, 3beds beds, 3, 3baths, baths, Size highquality qualityfurnishings, furnishings,fully fullyfitted fittedEuro Eurostyle stylekitche kitche high
Condo Condo
(CS6119) (CS6119)
(CS6612) (CS6612)
Jomtien Jomtien
Sale2,390,000 2,390,000 Sale
Size4343mmsq,sq,11bed,1 bed,1bath, bath,The Thebest bestcorner cornerunit unitininthe thebuilding! building! Size highquality qualityfurnishings, furnishings,high highquality qualityfitted fittedkitchen, kitchen, high
NorthPattaya Pattaya Sale7,300,000 7,300,000 North Sale
Size117.5 117.5mmsq,sq,22beds, beds,22baths, baths, Size Furnishings,Full Fullfitted fittedkitchen. kitchen. Furnishings,
Condo Condo
House House
(CR6526) (CR6526)
(HS6555) (HS6555)
EastPattaya PattayaSale Sale6,800,000 6,800,000 East Size520 520mmsqsq, 3, 3beds, beds,22baths, baths, Size fullyfurnished, furnished,fully fullyfitted fittedkitchen,private kitchen,privateswimming swimmingpool. pool. fully
bed,11bath, bath,fully fullyfurnished, furnished,fully fullyfitted fittedkitchen kitchen 11bed,
Condo Condo
(CR0808) (CR0808)
Rent55,000 55,000/ /month month Rent
CR5146 CR5146
(HR6597) (HR6597)
Mabprachun- -Pong Pong Mabprachun
Rent60,000 60,000/ /month month Rent
Condo Condo
House House
Condo Condo
CR6589 CR6589
Rent80,000 80,000/ /month month Rent
Jomtien NaNaJomtien Size136 136mmsqsq, 2, 2beds beds, 2, 2baths, baths, Size fullyfurnished, furnished,fully fullyfitted fittedkitchen, kitchen, fully
(MS6391) Sale Sale39,000,000 39,000,000 EastPattaya Pattaya (MS6391) East
Storey3 3Shop Shophouses, houses,Converted Convertedtotoone onelarge largespace spaceatatGround Groundlevel levelcurrently currentlyrunrunasasa aSupermarket. Supermarket. 5 5Storey (Businessnotnotforforsale) sale)Suitable Suitableuses usesforforthetheground groundfloor floorcould couldinclude includeSupermarket, Supermarket,Bank, Bank,Warehouse, Warehouse, (Business Wholesale,Showroom Showroomand andmany manyothers. others.This Thisspace spacecould couldbebeletletbetween between150,000 150,000toto200,000 200,000baht baht Wholesale, Month;ourourclient clienthas hasalready alreadyhad hada alarge largebranded brandedconvenience conveniencestore storeinterested interestedininleasing leasingthetheground groundfloor! floor! perperMonth; Theabove abovelevels levelsconverted convertedinintoto2727bedrooms bedrooms(studios) (studios)allallwith withbathrooms. bathrooms.Income Incomepotential potentialforforthetherooms rooms The 135,000baht bahtperpermonth!There month!Thereisisa alarge largegarage garageatatthetherear rearofofthethebuilding. building.Income Incomepotential potential upuptoto135,000
Jomtien Rent HR6689Jomtien HouseHR6689 Rent40,000 40,000/ /month month House beds,33baths, baths,fully fullyfurnished, furnished, 33beds, fullyfitted fittedkitchen. kitchen. fully
Rayong Sale (LS6685) Land(LS6685) Sale9,500,000 9,500,000Land Rayong
Land9.1 9.1Rai Rai(size (size14560 14560mmsq) sq)Nikompattana NikompattanaRayong. Rayong.Suitable Suitableforforaavariety variety Land usessubject subjecttotoapproval! approval!This Thisland landwould wouldbebemost mostsuitable suitableforforIndustrial. Industrial. ofofuses
Ouroffice officeaddress: address: 219/1 219/1Tipp TippPlaza, Plaza,Pattaya Pattaya2nd 2ndRoad. Road. Our Next to Mike Shopping Center, Nongprue Chonburi 20150 Next to Mike Shopping Center, Nongprue Chonburi 20150 Email:info@pattayarealty.com info@pattayarealty.com www.pattayarealty.com Email: www.pattayarealty.com
Tel:038 412301/038 412301/038 412302 412302 or or 089 089 833 833 6175 6175 // 089 089 8327226 8327226 Tel:038
081-9401511 081-9401511
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Ready to move in January 2013 – Last Remaining Units Call 038 252 996 or visit our website TheCliffPattaya.com
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Tropical Dream Condominium We speak English, Russian, French, Italian and Thai Office (Thai, Eng): + 66 (0) 82 202 0880 Cell (Eng, Ru, Fr, It): +66 (0) 86 260 1222 Showroom: Pratumnak Road, Soi 6 Project: Pratumnak Road, Soi 3 http://www.tropicaldreampattaya.com email: info@tropicaldreampattaya.com
a sense of fulfillment
credit design Tierra Design-photography Chonnasit Sundaranu
Limestone, volcanic, metamorphic stones in creative textures and patterns. Excellence in manufacturing and installation website: www.stonrose.com
10/2012•Issue 137•REm•31
• Best stock of units available in new projects at better than builder prices • We stil have poolside units available where the developer has sold out
www.bestpricethairealestate.com Centara Avenue Residence & Suites 2,250,000 THB Studio 33.94 sqm Foreign name Pool View Ref No.: CS00839
Sale
foreigner name 1bedroom 46 sqm Ref No.: CS00875
Sale
Art on The Hill 2,250,000 THB
Central Park Hillside 3,300,000 THB
Hillside Village 3,200,000 THB
Sunset Boulevard 1 1,700,000 THB
The Gallery 1,900,000 THB
Studio 25sq.m Foreign name Ref No.: CS00874
2bedroom 2bathroom Land Area 62sq.w Living Area 150sq.m Fully Furnished Ref No.: HS00097
Sale
Sale
Studio Room 36 sq.m Thai Name Fully Furnished - Pool View Ref No.: CS00749
Studio 52sq.m Foreign name Sea View Ref No.: CS00756
Sale
Sale
3bedroom 3bathroom Land Area 60sq.w Living Area 200sq.m Built In Furniture Ref No.: HS00136
5,800,000 THB
Sale
Waterfront Suites&Residence
Sale
City Center Residence 1,390,000 THB
1bedroom 38 sqm Foreign Name Near The Beach - Sea View Ref No.: CS00914
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1bedroom - 49sq.m Rooftop Swimming Pool Sea View Ref No.: CR00077
Palm Oasis 45,000 THB 7,900,000 THB
2bedroom 2bathroom Living Area 126 sq.m Ref No.: HR00069
The Vision 3,400,000 THB
1bedroom - 45 sqm Thai Name Sea View Ref No.: CS00753
Sale
1bedroom - 31sq.m Near The Beach Partial Sea View Ref No.: CR00215
Rent
The Gallery 16,000 THB
Studio 41 sqm Sea View Ref No.: CR00005
Rent Sale
Rent
Hyde Park Residence 15,000 THB
View Talay2B 11,000 THB
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Studio 45 sqm Sea View Ref No.: CR00189
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Nova Mirage 16,000 THB
Best Price Real Estate is a group of investors who know the Pattaya - Jomtien real estate market extremely
well. With our purchasing power, knowledge and law firm we can make your purchase hassle-free. We know the value of every condo and home in the area and have great negotiators to get you the best price! Please feel free to go direct to the builder, seller, or any agency. Then come to the professionals at Best Price and get our expert opinion. Furthermore, we guarantee you the Best Price so you will save your hard earned money.
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0833 888 902 Increased availability * Better prices * Lower commission 313/38 Moo 10, Nongprue, Banglamung, Chonburi 20150
Below Developers Cost
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Na Jomtien Beachfront
The Palm Resales
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Several Available
36 sqm. Studio, 1 Bath
5 Star Building Euro Kitchen
137 sqm. 2 Bed, 2 Bath
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46 sqm. 1 Bed, 1 Bath
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1,990,000 BAHT
ID C10228
12,500,000 BAHT
ID D10213
5,800,000 BAHT
ID A10030
Absolute Beachfront
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Wongamat Rentals
East Pattaya
Many Properties Available
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55 sqm. Studio, 1 Bath
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ID A10052
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180 sqm. 3 Bed, 2 Bath
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4,950,000 BAHT
ID F 10227 6,900,000 BAHT
80 sqm. 2 Bed, 2 Bath
Under Construction
Fully Furnished Euro Kitchen
72 sqm. 1 Bed, 1 Bath
Resort Style Payment Plan
ID A10107
5,100,000
ID C10027
The BEST DEALS and the BEST SERVICE on New Projects – RESALES Available BELOW Developers COST!
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SPECIALFEATURE NEWSREPORT The striking view from a ground floor apartment at Ocean’s Edge with the 112-metre long communal infinity pool and landscaping the only things between you and the ocean.
Life on the Edge can be really relaxing ...
I
f one enjoys living life on the edge most people take that to mean you thrive on excitement and danger. But what if you are seeking entirely the opposite? Peace and tranquillity with no risks involved! If that sounds more like you then there is an edge you will almost certainly enjoy living on – Ocean’s Edge on Krating Bay. At Ocean’s Edge the watchwords are privacy and exclusivity. As you sit in your apartment looking out to the ocean you will hear next to nothing from outside or alongside thanks to the double glazing and the double cavity walls. You will not be bothered by a beach full of vendors hovering around deckchairs out front – they’re not allowed. In short, Ocean’s Edge
epitomises the ad man’s dream of getting away from it all. Facilities at the project are truly state-of-the-art and there are many ‘green’ features such as the recycling of rainwater from the roof to water the lush landscaping. At OE you are offered the opportunity to influence the final look of your unit. Once you have decided on that look – and dependent on which kitchen configuration you choose – the unit can be ready to move into three-four months later. Title deeds ready The developers already hold all the title deeds for the units. “We can transfer a unit within 72 hours,” said project managing director Wim Scheggetman, a Dutch Australian. “We hold these chanots so there is no fear of
the delays I know buyers might experience elsewhere.” All the buildings at Ocean’s Edge are complete, the communal pool is in and so, too, is the landscaping. You can get a total picture of what you are buying. “We describe OE as a way of living. If you want razzamatazz this is not for you,” said Wim. “The other day I had a broker tell me that ‘there’s nothing like this around here’ and he’s not exaggerating.” There is a total of 32 units spread over four buildings currently split into 24 singles and four doubles. The project is ideally placed for quick and easy access to Bangkok, the airport and the industrial parks Prices start at Bt23.5m for a bare shell, a figure Wim is confident people will pay once
they have taken the time to visit the project and see for themselves. “We’re expecting a lot of interest from Bangkok-based Thais – especially over the coming months if the flooding problem has not been contained which, unfortunately, I believe to be the case,” said Wim. Ideally placed “I feel that the recession which hit high-end properties such as ours has reached the bottom and things are starting to move up again.” Wim concluded: “This is going to be an exclusive area – that’s how city hall are describing it, not me. But seeing is believing so why not pay us a visit and check OE out for yourself?” l Viewings are by appointment only so ring +66 (0)81 9212 607 if you wish to arrange one. 10/2012•Issue 137•REm•35
Seeing is Believing
Seeking privacy and exclusivity?
has all you seek – and much, much more l Direct ocean frontage offers spectacular views l Units fitted and decorated to your personal specifications l All buildings fully constructed l Chanots held ready for swift exchange of title deeds l Private balcony pools l Multi-award winning designs
WINNER
Viewing by appointment only
+66 (0)81 9212 607 (Eng) +66 (0)80 217 0007 (Thai) +66 (0)83 111 8300 (Russian) www.oceansedgepattaya.com info@oceansedgepattaya.com Sat Nav co-ordinates N12°59.090' E100°55.068'
eastcoast@thaiproperty.com • www.thaiproperty.com porchland 2 Jomtien Condo size: 37 sq.m 1 Bedroom 1 Bathroom Fully furnished
Modern, designer unit Close to the beach In Foreign name 50/50 tax and transfer fees
sale: 1,600,000 Baht the cliff Cosy Beach Condo size: 37 sq.m each Studio x 2 1 Bathroom x 2 Comes fully fitted
Side-by-side units 20th floor Pattaya Bay views Held in Thai name Can be sold separately
sale: 2,500,000 BAHT each executive house Pratumnak Hill Land size: 74 sq.w House size: 150 sq.m Thai contemporary style Private swimming pool
2 Bedrooms 3 Bathrooms Quiet location Held in company name
sale: 7,500,000 BAHT sunrise hill resort Pratumnak Hill Condo size: 126sq.m Euro kitchen 1 Bedroom 2 Bathrooms
Bright, spacious unit Fully furnished Easy access to beach Long term only
RENT: 30,000 BAHT/month
Jomtien
038 267 030-1 • Pattaya 038 723 615-6
SPECIALFEATURE
The Maldives showroom gets five-star treatment
FACT SHEET l On Thepprasit Soi 9, Jomtien, South Pattaya l Less than 2km from Pattaya city centre l 750m from Jomtien Beach l 65 per cent recreational area of more than 16,000 sqm comprising lush landscaping. Maldivesthemed lagoon pool and numerous leisure facilities l Commercial areas with shops, bars and restaurants l Underground parking zone l In-house massage sala l Gym and fitness facilities l Standard studios of 23 & 27.5 sqm, one-beds from 34.5 – 41.5 sqm l Additional corner units of 40--68 sqm l Apartments are modular with the potential to create larger 2 or 3-bedroom options by combining units l Completion scheduled September 2015 42•REm•Issue 137•10/2012
R
ight now it looks like any other construction site, but the new building taking shape just off Jomtien’s Second Road is destined to become the RollsRoyce of property showrooms. It will replace the current on-site Laguna Beach Resort Jomtien showroom which is due to be demolished next month and promises to give prospective buyers more than just a tantalising glimpse of what Heights Holdings’ has to offer, particularly at its new Laguna Beach Resort 3 – The Maldives. For instance, while most developments are content with a single unit to show visitors, LBR’s new facility will feature both one and two-bedroom units along with inter-connecting studios as show suites. Furthermore, there will be an in-house cafe for visitors to ponder their options over a coffee, dazzling 3D video presentations and a giant 1:100 scale model
of The Maldives so buyers can study the resort’s layout and see its seven buildings in relation to each other. It’s obvious that in the battle of the Jomtien showrooms HH aims to come out on top and with the pre-launch sales period of The Maldives closing at the end of this month, the new showroom will swing into action in December. “We will have a grand opening party befitting Jomtien’s grandest resort development to date,” said a Heights Holdings spokesman. “So watch this space!” Maldives lagoon The Maldives’ seven buildings will total more than 25,000 sqm and be accompanied by a huge 16,000 sqm of recreational space. The main feature there will be a Maldives-themed lagoon pool of more than 5,000 sqm, running through the entire development. It will comprise three different pool areas with landscaped
islands and boardwalks, Gazeborelaxation areas and three whitesand beaches. The seven blocks housing 1,750 apartments, will flank the resort with 120m of space between. Interior units will feature lagoon pool and tropical landscape views while exterior units will overlook Jomtien parkland. Higher floors will have views of Pattaya City and Jomtien Bay. Recreational facilities will include a children’s go-kart track, tree-houses, tree-top pavilions and putting green while shops, bars and a restaurant will be located in the in-house commercial area. The development will be completed with underground parking, luxurious open-air lobby areas, multiple fullyequipped gymnasium suites, and a relaxing massage and spa service. Apartments in Buildings B & C of Laguna Beach Resort 3– The Maldives are on sale as part
of the pre-launch sales period with complimentary furniture packages on the first 300 units sold. Studios are on sale from Bt899,000, one bedrooms from Bt1.499m and two bedrooms from Bt4.398m. Virtual tour Heights Holdings believes the Maldives represents an exceptional investment opportunity with potential for strong capital growth and excellent rental yields. A seven-minute virtual tour of the new resort, titled ‘Laguna Beach Resort 3 – The Maldives by Heights Holdings’, is now available on HH’s official YouTube channel (www.youtube.com). l For further details about Laguna Beach Resort 3 – The Maldives, or to request availability and pricing, please contact info@heights-holdings.com or call +66 85 282 6454. 10/2012•Issue 137•REm•43
SPECIALFEATURE
American journalist and property investor Bart Walters has been living in Thailand for 10 years, first in Bangkok, then in Phuket and now in Pattaya. Bart publishes his inside views on Pattaya and its property market in various print and online publications including International Living and Escape America. He can be contacted at bkkbart@gmail.com
Tales from the Dark Side (Pt1)
Lost and loving it ... By bart walters
S
pend any amount of time in Pattaya talking to Pattayans and you’re bound to hear someone refer to the east side of town as “the Dark Side”. “I live over on the dark side … my favourite restaurant is on the dark side … I was out Saturday afternoon bar-hopping on the dark side,” and so on. For those of you unfamiliar with this phrase, you may be asking yourself, “where is the dark side and why is it called that?” Over the next three issues, I plan to give you those answers and more. This month I set out to explore East Pattaya and all things “dark” only to find it isn’t a story that can be told in one sitting. For the purpose of this discussion, we will define The Dark Side as
44•REm•Issue 137•10/2012
‘‘
the area of town east of Sukhumvit Road, with the border on the north being Siam Country Club Road, on the south by Soi Khao Talo and stretching all the way east to Lake Mabprachan. The four main arteries that will lead you into and out of the Dark Side are Soi Siam Country Club, Soi Nernplubwan, Soi Khao Noi and Soi Khao Talo. It is a huge expanse of land populated with thousands of homes, businesses and an inordinate amount of motorbikes. If you ask 10 Pattayans why it’s called the Dark Side, you’ll mostly likely get 10 different answers. Glitter gulch One old Asia Hand told me that if you see Pattaya from the air at night, you’ll be blinded by the Las Vegaslike glitter gulch of West Pattaya and
Ask 10
Pattayans why it’s called the Dark Side,
you’ll most likely get
10 different answers.
startled by the contrasting blackness to East of Sukhumvit Road. Another barstool philosopher told me that it was because of all the darkskinned Isaan Thais that inhabit the area. And more than one old timer insists that this area is known for crime and nefarious activity. Whatever the reason, the name has stuck, much to the chagrin of many of its foreign inhabitants and investors. To lay down a base of information about East Pattaya, I interviewed an old friend and long-time East Pattaya resident Cees Cuijpers from Town & Country Property. Cees bristled at the very utterance of the phrase “Dark Side”. “What’s so dark about it?” Cees protested. “View Pattaya’s beaches from the water at night and observe condo towers with only five lights on
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in the whole building … that’s dark buddy!” Cees continued his defense, “East Pattaya is where real people live, not tourists. I wouldn’t trade my townhouse at The Meadows for any beachside condo. Stare into the blackness of the Gulf of Thailand every night … that’s darkness!” I could see I’d hit a nerve. Armed with a list of places to see and things to take note of, I set out to get lost on the Dark Side. And “lost” I got. To the casual observer, Upper East Pattaya looks like a typical Southeast Asian zoning nightmare. Rows of shop houses painted different colours with armies of motorbikes parked between food carts and knock-off clothing shops. Hordes of neon, vinyl and even hand-painted signs seem suspended by miles of entangled electrical cables. No rhyme, no reason and no parking. By late morning all four major thoroughfares are frenetic as a beehive someone gave a good kick. To the untrained Western eye, this place is an unnavigable mess. Then again, I had the same thoughts about Bangkok on my first visit. I drove around for several hours, twisting, turning and occasionally stopping to relax with a cup of coffee. It was during those moments of downtime that the Dark Side started to work its charm on me. “What’s not to like” I pondered. “This place has everything”. Indeed, in a hundred metre strip of Soi Nernplubwan I could eat for under 100 baht at half a dozen restaurants, get a manicure, fill my prescription at a pharmacy, buy some fresh fruit and take a few taekwondo classes. From my perch I could see travel shops, clothing stores, computer repairs, car washes, and yes, more than a few beer bars with pricing well below those found on the other side of Sukhumvit Road. A real neighbourhood In that brief moment of clarity, I saw Cees was right, this is a real neighbourhood, where people actually live. Sometimes you need to pay attention to the trees and forget about the forest for a while. More importantly, I noticed what East Pattaya doesn’t have. No Starbucks, McDonald’s or KFC. No 46•REm•Issue 137•10/2012
tailor touts, massage hawkers or pesky timeshare salesmen. No tour buses, taxis or hotel vans running me off the road. Just regular folks going to work, taking their kids to school or chilling out with a cup-a- joe just like me. Nobody would ever mistake East Pattaya as part of a tourist town. Driving deeper into the heart of the Dark Side, I noticed the congested clusters of businesses and the housing thinned out dramatically. Buildings are further apart, foliage appears and the topography turns into slow rolling hills. Temples, schools and parks magically appear. The East Side takes on the veneer of a small town … Mayberry-bythe-klong. By the time I got to Lake Mabprachan the din of the upper sois had given way to chirping birds and a gentle breeze singing through the ancient tree line. “Where the hell am I?” I whispered to nobody. Golf courses, fitness parks, polo grounds and fishing holes appeared. Signs directing me to Bangkok, Sattahip and back to Pattaya proper were clearly posted in my language. Uncluttered and maintained roads led me away in a half dozen different directions. I was lost and loving it. All this “somewhere-elseness” was refreshing, but I was supposed to be gathering valuable information for my property hunting readers. So, I meandered back to the west and joyfully discovered a virtually empty four-lane highway that parallels Sukhumvit Road (the bypass road) that took me all the way back to Na-
A two-storey house at The Meadows. I left there thinking I could get a lot of house for what I was prepared to spend.
‘‘ Uncluttered
and maintained roads led
me away in
half a dozen directions. I
was lost and loving it.
Jomtien where I live. This discovery alone made the day a success. Resolved to return with a better sense of direction, I consulted my favourite marvel of modern technology … Google Maps. Now I checked the forest I couldn’t see through the trees. Focusing on East Pattaya, I was shocked by what I saw … and more importantly, what I had missed. Two things struck me right between the eyes. First was the strategic location of this sprawling town-within-atown; second was the startling number of housing estates. Border roads East Pattaya is bordered by two of the most travelled roads in Thailand and one of the most travelled roads on the Eastern Seaboard. To the West, Sukhumvit Road vibrates with high speed activity and the ability to take you just about anywhere you could want to go in Thailand. To the North is Highway 7, (also known as the BangkokChonburi Motorway), is the main artery for any transit in central Thailand, including to and from Suvarnabhumi International airport and Bangkok. And to the East is Highway 36 that stretches between the massive industrial estates north of Pattaya and the bustling port of Rayong. What’s more, a person could get into and out of East Pattaya without ever suffering the chaos of Pattaya City. When people use the phrase, “at a crossroads”, this is what they
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mean. I never realised how “in the middle” of things I was. But, the real shocker revealed by my old friend Google was how many housing estates exist on the Dark Side. Thousands of tiled rooftops and swimming pools indicated just how many folks choose to live there. When I compared it to the West side of Sukhumvit Road, I couldn’t believe it was the same city. I believe architects and city planner types refer to this as “population density”. Just how in the name of Buddha had I missed all those houses? I knew on my next trip I’d have to have a plan; something to keep me focused on real estate. So, I created a property problem to solve for myself. If I were a property shopper who valued privacy, security and value, where would I choose to look in East Pattaya? If my requirements were good construction, a little patch of green for my dog to play and possibly a swimming pool, what would I find on the Dark Side? Most importantly, if my budget was Bt6m or less, how much house would I get? Armed with new focus and a shortlist of projects, I ventured back. This trip I had a much easier time spotting all the housing estates I’d seen from the aerial photos. It was easy; I just looked between the shop houses. Another crusty old real estate pro had clued me into a technique used by Thai developers to maximise profit. Dirty trick For years, (and even now), some developers procure a large piece of land; build a beautiful entrance complete with guard shack, sales office and lots of luscious landscaping. This engaging façade is however torn down once most of the houses sell only to be replaced with whatever business that will pay the high rent for this desirable space. Some developers build shophouses and rent them out; others just rent the land to anyone with a sheet of corrugated metal to prop up. It’s a dirty trick, but apparently acceptable here. I decided to rule these types of estates out right away as the prevailing management, if there were any, would most likely be unconcerned with my needs. I also ruled out those I would call “cluster” homes (in the US we call them “row houses”) all painted 48•REm•Issue 137•10/2012
different colours. For me this indicated a lack of any type of home-owners association or developer management. The value of these homes is probably going nowhere. For readers who are interested, there is an endless supply of smallish cookie-cutter developments of this type in all different states of development and repair. The rents range from Bt6,000-25,000 per month. The selling prices can be as low as Bt500,000. I could not honestly see myself buying any of them for my own use or as a viable rental property. Fortunately for me, new estates have taken a different path, emphasising security, privacy, value and lifestyle. As it turns out, I could buy a pretty nice chunk of house for my Bt6m budget. The first place I looked was at The Meadows, all the way down Soi Nernplubwan near the big temple. The Meadows are described primarily as “city villas”, but actually come in a couple of different flavours and a range of pricing options. Right away I noticed how well maintained the common areas and gardens are kept. The surrounding security wall looks brand new, the guard house in good repair and manned with an actual security guard who checks your ID. From the appearance of the buildings I could tell there is some form of developer management in place here. There are basically three options at The Meadows: two or three-bedroom “City Villas”, three-bedroom duplex homes and three-bedroom detached villas (some with private pools).
A villa with its own pool and not an electricity cable in sight. Comfortable living at Green Field Villas IV.
‘‘ I knew on
my next trip I’d have to
have a plan; something
to keep me focused on real estate. So I created a property problem to solve for myself.
All appear to be well constructed and styled in what I would call a “contemporary” motif. The interiors are quite generous with high ceilings and open plans. Pricing starts as low as Bt4.15m for a three-bedroom city villa up to Bt9.9m on a big new detached villa with a private pool. Convenience services There is a communal swimming pool and small gym. The grounds and interior roads are immaculately maintained. As I understand it, The Meadows offers property management, garden maintenance, laundry services, and a long list of other convenience services for residents. One thing that impressed me about The Meadows was the availability of three completely finished show units. All three of the homes they offer are displayed expertly decorated, making it easy to imagine living there. It is also very evident that the developer still maintains an active presence keeping the place looking good and preventing owners from “junking the place up”. This is a refreshing change from some of the “hit and run” developments witnessed elsewhere. I left The Meadows thinking I could get a lot of house for what I was prepared to spend, and it would be quite a nice place to live and entertain. The next place I checked out was Green Field Villas IV. After hearing rave reviews about Green Field Villa I–III, I wandered around until I found their fourth installment.
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I probably should have left a trail of breadcrumbs to lead me back. If it helps, this project is located on Soi Non Maikaen 3, near Nong Prue Sports Stadium (call my old friend Mr Google if you need to). What I found at GFV IV was good news and bad news. The good news is … they are really nice. The bad news is … there aren’t many left. This is an immaculate little development that features three types of detached houses. The largest (Type A) is a twostorey affair with four bedrooms and five bathrooms covering 256sqm. This is a pretty beefy house, especially if you get one with a swimming pool. Type B is more my size with three bedrooms and three baths stretched over 178sqm. According to the friendly sales agent, Type C sells out the quickest with 3 bedrooms and 2 baths covering 148 sqm; the perfect size for a couple or small family. All the units boast PVC windows and doors, quality ceramic tiles and fixtures and off-road parking for two cars. GFV IV has several unique features that caught my eye. The design of the ceilings offers an indirect light and a very modern urban look. This is quite a refreshing break from the clumsy glare of halogen recessed fixtures or, God forbid … fluorescents. The layouts are open, allowing for a variety of furniture configurations instead of the “your sofa goes here” treatments I’m used to seeing. And, there are some really nice details included like disappearing mosquito screens built right into the PVC windows and well executed vinyl gutters on the outside. Something missing On the way out of Green Field Villas, I stopped my car near the entrance to take one last look. There was something about this place that was different and I couldn’t quite put my finger on it. It wasn’t something that it had … but something that was missing. Then it hit me. All the power cables are buried – yet another nice touch. From the quality of finish and design flair I witnessed at this project, it is quite obvious experienced foreign direction is involved. Sadly, there are only five units including the show house left for sale. 50•REm•Issue 137•10/2012
The prices range from Bt5.9m up to Bt9.5m. After only one visit it became clear to me why Green Field Villas I, II and III had sold so quickly. Put simply, you get quite a bit of house for the money. I would need all my fingers and toes to count the new housing projects in East Pattaya. Some are good, some are great … and some are outright rip-offs. But, to be honest, I’m not really a new-house lover. I prefer the secondary market. On the Dark Side this is a whole new ball game. Houses and prices are all over the place. Some are diamonds in the rough while others seem too good to be true … and for good reason. A cursory search of my favourite property monkey websites revealed a plethora of choices. My advice here is simple: Don’t try to do it yourself. Last month I wrote an article with a minor focus on property agents. In that article I recommend that someone thinking about getting into the real estate game should pick a niche and stick to it. If you are searching for property on the secondary market in East Pattaya, you need to find an agent who has picked this as their niche. The most important things to know about Dark Side properties are the things you can’t see, like developer histories, infrastructure problems, security issues, neighbourhood makeup, and the like. One could easily bury themselves in a sub-standard house, surrounded by unfriendly neighbours in a crime-riddled neighbourhood
A typical Dark Side bar where pricing is well below the levels experienced on the west side of the Sukhumvit Road.
‘‘ When you
have a nice house with a pool and hopefully a wellequipped barbeque, your social life comes
knocking on the door.
with no management. Life would be miserable and resale options slim. Find an agent with experience in East Pattaya and listen to them. That’s what I did when looking at the secondary market and I needed all my fingers and toes again to count the houses I would actually consider buying. And this is the real charm of the Dark Side. For my Bt6m budget I could easily solve my property problem. A quality built house with privacy, security, a garden and a swimming pool? I found a bunch of them. Lifestyle change And, it was while looking at some of these houses, and meeting many of the current owners, that I discovered another advantage I had not considered; lifestyle change. Life in a condo near the beach has me living closer to hotel-life than house-life. All my entertainment and social activity takes place outside my home. When you have a nice house with a pool and hopefully a well-equipped barbeque, your social life comes knocking on the door. It reminded me of something my friend Cees had said: “My favourite bar is in my kitchen … my favourite restaurant is my dining room”. So, did I solve my property problem? The houses are there, that much is clear. Now the real question I need to answer is whether I am a tourist or a real Pattayan. Next month we’ll continue this discussion on another level. Bart Walters
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THE ULTIMATE BEACHFRONT HIGHRISE
newsREPORT
Colliers produce a special guide for buyers
Big promotion as Raimon Unixx showroom opens Buyers Guide to Condominium Projects Pattaya
Special publication of Colliers International Thailand
Colliers International, the real estate giants with a local office opposite the Central Festival shopping mall, have released a special 28-page guide for those seeking to buy a condominium in the city. The guide answers questions such as why invest in Pattaya and where to buy? It also offers 10 top tips, hints on the buying process and renting or reselling your property. Writer of the guide is Colliers sales manager in Pattaya, Mark Bowling. In his introduction he says: “This publication is meant as an informative guide to assist those buyers bedazzled by the sheer range of what’s currently on offer. As with any emerging market there are many opportunities presented to savvy investors, however the uninitiated could find buying a confusing process. In this guide we outline what you should look out for and what questions you should ask.” l If you would like to receive a downloadable PDF version of the guide simply email mark.bowling@colliers.com.
Raimon Land officially launched their Pratumnak Hill showroom for Unixx South Pattaya last month among a flurry of parties and promotions. As the magazine was going to press the company introduced a promotion which, according to a spokesman, “will set pulses racing with the most terrific deal in town” – Unixx South Pattaya X4 Promotion, with attractive discounts, fabulous gifts and valuable surprises!
Those who booked a unit there over the weekend of September 29-30 were to get multiple benefits – such as only Bt5,000 booking fee, up to 5-8 per cent discounts to a maximum vale of Bt300,000 and a monthly payment of just Bt6,900! On top of that, buyers who signed and sealed their deals during this incredible weekend will also receive a brand new Samsung Galaxy S3!
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The future looks bright at Anaakot W
He came for a year - and stayed! Jason Young’s love of Thailand developed in no small part thanks to his prowess at the art of Muay Thai. At one time he was England’s Thai-Boxing Champion and, naturally enough, he was a frequent visitor here while training in the martial art. He was involved in property investment and management in the UK and made plans to set up a full-time business with a friend and long-time investment partner. But first he promised himself that he would visit Bangkok for a year to fulfil some ambitions developed during his boxing visits. At the end of his year he was asked to become manager of a new real estate office in Pattaya which put him in a bit of a spot. “I believe in keeping promises,” said Jason, “and I had told my friend that I would return to the UK and set up in business with him. But I wanted to stay here.” Lady Luck smiled on Jason and saved him having to make a difficult choice. “My friend got a similar offer of a five-year contract from a company in Japan. So we decided to shelve our plans and see where fate took us.” Fate brought Jason to Pattaya and a few jobs that were all property related. Previous to setting up Anaakot he worked as sales manager for three different companies but there was a link through all on the personnel side. Indeed, at all three he worked alongside his friend Itzik Segman. Jason says he feels positive about the future of Pattaya pointing to the number of top hotels setting up here as a good sign. “I’ve been offered several jobs elsewhere in Thailand and in other countries, but I don’t want to go anywhere else right now.” Sounds like doing his own thing has been worth the “fight”. 56•REm•Issue 137•10/2012
hile the Anaakot name may be comparatively new on the Pattaya property scene, the people behind it are definitely not. The two men at the helm – Itzhak (Itzik) Segman and Jason Young – have strong track records both here in Pattaya and overseas. They became friends while they worked together for a trio of the city’s leading property developers over the past several years. Then, earlier this year, the timing seemed right to do their own thing in partnership. Back to the ‘future’ So they decided to resurrect a company that Itzik had formed a few years back. He had named it Anaakot (roughly translated it means “future”) because, at the time, no clear plan existed about what exactly the company would get involved in. Now the plan is crystal clear! The Anaakot Group currently comprises a real estate brokerage plus a development company that has officially launched its first project, the Sixtythree@12 apartments in Naklua (which we will look at in a future issue). I spoke to 38-year-old Jason in the company’s large, three shophouses-wide offices in Soi Chaiyapruk which can be found on the right after leaving Sukhumvit heading towards the beach, writes Dave Buckley. He explained some of the thinking behind Anaakot. He said: “Earlier in the year I took stock and asked myself ‘what are you doing, where are you heading?’ I had spent the previous five years working hard
for and solidly with developers and, during that time, I had seen how the market had changed and grown exponentially. I felt I wanted to become involved in a wider market (than just offplan condo sales), including the second-hand market. “I sought advice from my friend Itzik and, the more we spoke, the more it made sense that we should team up.” So the two decided to form a general real estate brokerage combined with a property development company. “We have a relationship based on trust and our combined knowledge will help us and our clients enormously,” added Jason. “Itzik and I think the same way; we have the same business ethics; the same interests and we are both passionate about real estate and development.” Itzik, 55, hails from Israel and has more than 20 years of construction experience. Jason is from the famous university city of Cambridge in England. He was involved in real estate in the UK before he came to Bangkok in 2002 intending to spend just a year here before returning home. His plans changed (see panel)! Off the radar “We dropped off the radar for a time while we were getting our office and our offering together,” said Jason. “As you can see, there was quite a bit of renovation to do.” He was showing me around the offices which are big enough to allow considerable expansion. At the back they even have a full-sized pool table plus a table tennis set-up. “We want this to be
a good and fun place for people to work,” said Jason. “We have hired a good team, an experienced team, and we feel that if that are happy here it will be reflected positively in how they deal with our clients. “Customer service is the No 1 priority for us at Anaakot. Without it we will not achieve the goals we have set.” Happy where he was Did he wish he had taken this step earlier? “Clients and people in the property game often used to tell me that I should run my own company. But at the time they were making these remarks I was happy where I was,” said Jason. “But now feels like the right time. I’m definitely more happy and I feel we are over the numerous problems that crop up when setting up. “It hasn’t been easy and there was a lot involved and Itzik and I have put a lot of hard work into establishing Anaakot.” He concluded: “I’m very tired, but also very excited about what the future holds.” l You can contact Jason on +66 (0)8780 33329 or email info@anaakot-group.com 10/2012•Issue 137•REm•57
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Resales at Mövenpick Spinnaker
1 bedroom 75 sqm on the 31st floor 2 bedroom 88 sqm on the 30th floor Only 145,000 per sqm! Foreigner name
For more properties and information visit us at our office in Jomtien Plaza 2nd floor www.AAAAproperties.com • info@AAAAproperties.com
GROUP
Developing The Future
Luxury Condos, Hotels & Venues Since 1994 Luxury Condos, Hotels & Venues Since 1994
NOVA-THAIL AND.COM
C I T Y L O C AT I O N THB
Novana Residence, Central Pattaya | Prices From 999,000 THB
Call 038 713 338 or visit NovanaPattaya.com
GROUP
80•REm•Issue 137•10/2012
broker & developer directory
A bathroom with a view. An architect’s rendering of the views that will be enjoyed from the Waterfront Suites & Residences.
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.
This section is kindly sponsored by Waterfront Suites & Residences
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
All Siam Properties M: +66 (0)87 068 5159 E: info@allsiamproperties.com W: allsiamproperties.com Membership: TREA Anaakot Group Property Consultants 138/1 Moo 12, Soi Chayapruk, Jomtien T: +66 (0)38 231544 M: +66 (0)8780 33329 E: info@anaakot-group.com W: Anaakot-Group.com Principal: Jason Young
The following are among the trade organisation memberships or qualifications held by some of the agents. Note that, in some instances, the qualification is with the individual employee – not the company overall. AIPP: Acronym stands for The Association of International Property Professionals which is a not-for-profit organisation whose aim is to improve the standards of professionalism in the international property market, helping both the industry and the public. Members have voluntarily signed up to follow the AIPP Code of Conduct. CIPS: Certified International Property Specialist – this is a members-only group which is for international practitioners of the National Association of REALTORS®. CRS: Certified Residential Specialist (CRS) is the top professional designation awarded to REALTORS® in residential sales. Held by fewer than five per cent of all REALTORS®. NAR: National Association of Realtors is North America’s largest trade association representing more than 1.2 million members. Members can call themselves REALTORS®. NAR also functions as a self-regulatory organisation for real estate brokerage. REBA (Thailand): This is the nationwide Real Estate Broker Association with affiliation to the international Council of Residential Specialists. REBA-ES: The Real Estate Broker Association for the Eastern Seaboard.
RETS (Thailand): Real Estate Training School (Thailand) – brokers seeking membership of REBA must have staff attend and pass their test. More overleaf
Arise Asia 477/25 View Talay 5C, Thappraya Road Second Office: 415 Pratumnak Hill Soi 6 T: +66 (0)38 075 610 M: +66 (0)85 228 8911 (Thanya) or (0)89 555 7177 (office) E: info@ariseasia.com W: ariseasia.com Principal: Thanyamai Totharong (Thanya) Memberships: CRS, REBA (Thailand), REBA-ES, RETS (Thailand), NAR Benchmark Asia Property Co Ltd 315/309 M12, Thepprasit Road T: +66 (0)38 304 133 M: +66 (0)81 792 9486 E: info@benchmarkthailand.com W: benchmarkthailand.com Principal: Gareth De Silva Memberships: CRS, REBA (Thailand), REBA-ES, RETS (Thailand), NAR
Big Mango Properties Main office: South Pattaya – Soi Big Mango off Third Road T: +66 (0)38 713 118 Second office: North Pattaya – Wong-Amat Residence, 505/1 Moo 5, Soi 16 Naklua Road T: +66 (0)38 725 001 T: +66 (0)2 258 8421 F: +66 (0)2 258 8420 M: +66 (0)89 685 2198 E: michael@bigmangoproperties.com W: bigmangoproperties.com Principal: Michael Barricelli Bizhouse Co Ltd 324/22 Moo 9 Central Pattaya Road near junction with Third Road T: +66 (0)38 416 322 M: +66 (0)89 0924593 E: info@bizhouseproperty.com W: bizhouseproperty.com Principal: Richard Arthur Century 21 – B2 Real Estate 315/2 Moo 9, ( Soi Lengkee ) Nongprue, Banglamung, Chonburi 20150 T: +66 (0)38 421 652 M: +66 (0)90 125 3200 E: fery@b2realestate.com W: b2realestate.com Principal: Fery Horvath
AGENTS DIRECTORY • Sponsored by Waterfront Suites & Residences • 09-10/2012 • Issues 136 and 137
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
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Coastal Real Estate Office 1: 216/62 M10, Soi 13 (Soi Diana next to Mega-Break) Office 2: 426/1 M12, Jomtien Beach T: +66 (0)38 421 580 M: +66 (0)81 269 0742 E: info@pattayarealestateservices.com W: pattayarealestateservices.com Principal: Kevin Mattson
AGENTS DIRECTORY • Sponsored by Waterfront Suites & Residences • 09-10/2012 • Issues 136 and 137
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 Delight Real Estate Co Ltd 308/58-59 M12 Thappraya Road T: +66 (0)38 251 415 F: +66 (0)38 251 416 M: +66 (0)89 542 3041 (Eng/Ger/Dutch) or +66 (0)89 253 8842 (Thai) E: info@delight-realestate.com W: delight-realestate.com Principal: Anne-Marie Adriaans East Coast Real Estate Co Ltd Office 1: 414/19 M12 Jomtien Complex T: +66 (0)38 267 030-1 F: +66 (0)38 267 029 M: +66 (0)81 862 8034 Office 2: 485/4 M10 Second Road T: +66 (0)38 723 615-6 F: +66 (0)38 426 193 E: info@thaiproperty.com W: thaiproperty.com or thaiproperty.net Principal: David Gray Advertisement: Page 41
RICS: Royal Institution of Chartered Surveyors – an independent body which regulates the conduct of property professionals and surveyors in the UK and other sovereign nations. RICS provides education and training standards, protects consumers with strict codes of practice and advises governments and business. TREA: The Thai Real Estate Association aims to be the hub of the real estate profession here by encouraging entrepreneurs to operate to standards of quality and ethics; to create the maximum benefits for developers, government and consumers altogether. TREBS: The Thailand Real Estate Broker School provides training for real estate professionals. The course includes real estaterelated laws, broker law, broker ethics, listing and sales techniques, reconciliation techniques, property evaluation, property transfer procedure and tax calculation.
Farang Property Services 223/32 M9, Third Road T: +66 (0)38 052 495 F: +66 (0)38 052 496 M: +66 (0)89 938 7433 E: info@farang-services.com W: farang-services.com Principal: Manfred Ehrenheim Advertisements: Pages 4 and 5 Five Star Villas & Condos Main office: Pratumnak – Tara Court 388/109 M12, Pratumnak Road Second office: Jomtien – B30, The Village Shopping Centre M: +66 (0)81 938 8391 Robert or (0)809 16667 Mesiya E: sales@fivestarvillasandcondos.com W: fivestarvillasandcondos.com Principals: Robert and Mesiya (May) Watson Memberships: CRS, REBA (Thailand), REBA-ES, RETS (Thailand), NAR, TREBS
Global Property Global Solidor Enterprise Co Ltd North Pattaya – 157/142 Moo 5, Naklua Road T: +66 (0)38 427 364 M: +66 (0)82 469 5551 or +66 (0)81 838 1390 E: info@global-solidor.com W: global-solidor.com Principal: Rainer Heinzmann
Golden Homes Real Estate Co Ltd 33/39 M9 Soi Diana Inn T: +66 (0)38 720 892-3 M: +66 (0)86 826 8821 E: info@goldenhomespattaya.com or Ploy1@csloxinfo.com W: goldenhomespattaya.com Principal: Yupaporn Sangpagdee (Ploy) Jomtien Property 315/185-6 Thappraya Road near entrance to View Talay 2 T: +66 (0)38 303 243 M: +66 (0)86 108 6575 E: info@properties-in-thailand.com W: properties-in-thailand.com Principal: Stu Sutton North Shore Property Co Ltd 315/414 M12 Thappraya Road T: +66 (0)38 303 825-6 M: +66 (0)87 833 5066 or (0)86 323 4607 E: info@ns-property.com W: ns-property.com Principal: Mesa Wongsida NT Realty Asia 215/15-18 Second Road T: +66 (0)38 426 242 or (0)38 425 836 F: +66 (0)38 426 243 E: info@nt-realty.com W: realestatethailand.com Philippines office: 11 Malabanias Road Angeles City, Pampagna 2009 T: +63 (0) 45 892 5719 Principals: John Seymour, Tim Bunker, Peter Randall (directors) and Paul Sutton (regional manager) Memberships: REBA (Thailand), REBA-ES, RETS (Thailand), NAR
a g e n t s One Stop Real Estate 219/14 M9, Soi Yamato T: +66 (0)38 710 699 or (0)38 710 725 M: +66 (0)819 454 845 E: onestop@realesthai.com W: real-estate-thailand.com Principal: Mark Welch Memberships: CRS, REBA (Thailand), REBA-ES, RETS (Thailand), NAR 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
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 int size 190 m sq, ext size 540 m sq, 3 beds, 3 baths, fully fitted kitchen, high quality furnishings, Internet, close to local amenities, security alarm, covered car park, 24hr Security.
Brand new condominium in Pattaya int size 104 m sq, 3 beds, 3 baths, fully furnished, fully fitted kitchen, communal gardens, communal swimming pool, car park, 24hr Security.
(HS4959)
Rent 25,000 / month
Sale 6,990,000
Rent 20,000 / month
South Pattaya: int size 55 m sq, 1 bed, fully furnished, fully fitted kitchen, TV, DVD, Hi-Fi, close to local amenities
: int size 225 m sq, ext size 328 m sq, 3 beds, 2 baths, fully furnished, fully fitted kitchen,private gardens, private swimming pool, covered car park, 24hr Security.
East Pattaya :Ext size 420 m sq, 4 beds+ maid's room, 3 baths, fully furnished and kitchen, security alarm, private gardens communal swimming pool, covered car park, 24hr Security.
Rush! Premier Homes RealBeat TheEstate Co Ltd 240/21 Jomtien Beach Road T: +66 (0)38 231 931 M: +66 (0)81 634 2915 E: premier@loxinfo.co.th W: premierinternational.com (HS0247) Principals: Clayton and Supap: Wade Memberships: CIPS, RETS (Thailand), NAR (HR1041)
(CR4944)
Situated on top of Pratumnak hill, Spectacular sea and city view For special pre-launch prices in the highest building in Pattaya!
Baan Balina I
Rent 35,000 / month
Rent 16,000 / month
Contact Us Now
Na jomtien:Bali Style,Int size 300 m sq, ext size 560 m sq, 3 beds, 3 baths, high quality furnishings and fully fitted Euro style kitchen, maid's room, Private gardens, private swimming pool, covered car park, 24hr Security.
Pratumnak:int size 48 m sq, Studio apartment, fully furnished, fully fitted kitchen, beautiful sea views, communal gardens, communal swimming pool, car park, 24hr Security.
Pattaya Jomtien Property 75/49 Soi 5 Immigration, Beach Road, Jomtien (75m from Immigration Office) T: +66 (0)38 756 755 M: +66 (0)85 129 5657 (Thai); or +66 (0)85 667 3687 (English) E: sales@pattaya-jomtien-property.com W: pattaya-jomtien-property.com Principals: Kevin and Chanram Hurst Memberships: AIPP (International) 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
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
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.
Sale 12,950,000
The Regents Superior detached, two storey house, int size 650 m sq, ext 1400 m sq,
4 bedrooms + en suite, 5 bathrooms, fully fitted kitchen + food storage room, Jacuzzi, private landscaped gardens, large private swimming pool, separate self-contained 1 bedroom + en suite guest house with AC, security alarm, covered car park ,electric gate.
Our office address: 219/1 Tipp Plaza, Pattaya 2nd Road. Next to Mike Shopping Center, Nongprue Chonburi 20150
www.pattayarealty.com
Email: info@pattayarealty.com
Rightmove Pattaya 369/1 M9, Units 8&9 PS Bowl, 2nd Road T: +66 (0)38 361 212 M: +66 (0)89 253 5607 E: info@rightmovepattaya.com W: rightmovepattaya.com Principal: Craig Turner Memberships: REBA (Thailand), REBA-ES, RETS (Thailand) Tel:66(0)38 412 301/2 or 089 833 6175 089 8327226
Sallmanns (Eastern Seaboard) Ltd Near Hanaman Statue, Jomtien T: +66 (0)38 252 588 M: +66 (0)87137 0392 E: pattaya@sallmannsthailand.com W: sallmannsthailand.com Principal: Tim Gladwin Seaboard Properties Co Ltd 316/23 Thappraya Road near Food Mart, Jomtien T: +66 (0)38 252 456 F: +66 (0)38 252 457 M: +66 (0)86 129 8281 E: info@seaboard-properties.com W: seaboard-properties.com Principal: Eddie Buehler Siam Properties Main office: 313/27 M10 Pattaya Tai T: +66 (0)38 415 490 F: +66 (0)38 414 693 M: +66 (0)81 861 1907 (Heiner) or (0)81 821 7045 (Porn) Russian: +66 (0)89 245 2890 (Vera) E: info@siamproperties.net or rus@siamproperties.net W: siamproperties.net
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 • Sponsored by Waterfront Suites & Residences • 09-10/2012 • Issues 136 and 137
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)
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
E
(HR1306)
(HS4948)
COM L IN
ENTA
AT R
Pattaya Bay Real Estate 405/23 Soi Bongkot T: + 66 (0) 38 374 623 F: + 66 (0) 38 374 623 M: + 66 (0) 811 580 065 ( English) + 66 (0) 807 247 476 ( Thai) E: info@pattayabayrealestate.com W: pattayabayrealestate.com Principal: Mal Patterson
d i r e c t o r y
REAL ESTATE BROKER ASSOCIATION – EASTERN SEABOARD
ticks all Members of REBA-ES are respected
Member companies in REBA-ES are part of an established and respected real estate organisation which has the support of the Thai Government
professional
Clients of REBA-ES members can be confident that they are dealing with honest, reputable and properly trained real estate professionals
ETHICAL
The high standards we set conform to internationallyapproved rules, regulations, strict codes of ethics and dispute resolution policies
INFORMed
Our members network closely, giving all of them access to the Eastern Seaboard’s largest real estate association
For comprehensive property listings and professional real estate consulting contact our members at www.rebaes.com
www.rebaes.com
REAL ESTATE BROKER ASSOCIATION – EASTERN SEABOARD
the boxes ... Sponsoring REBA-ES members John Seymour +66 (0)38 426 242 info@nt-realty.com www.realestatethailand.com
Mark Welch +66 (0)81 945 4845 onestop@realesthai.com www.real-estate-thailand.com
Stuart Daly +66 (0)38 412 301-2 info@pattayarealty.com www.pattayarealty.com
Markus Probst +66 (0)81 762 2627 info@aci-enterprise.com www.pattayaoceanproperties.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
... if your answer is ‘yes’ to all, check out the REBA-ES brokers in this
You can trust Advert: Zen Grafix
www.rebaes.com
DE V E L O P ERS d i r e c t o r y
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 Katalina Co Ltd 396/66 M12, Pratumnak Projects: Katalina I, II and III T & F: +66 (0)38 306 616 M: +66 (0)80 570 44 33 (English and Russian); +66 (0)81 983 00 68 (English, Dutch and French) E: rogge_tony@hotmail.com or albertdewilde@hotmail.com W: katalinaresidence.com Major Development PCL 141 Soi Thonglor 10, Sukhumvit 55, Klongton Nua, Wattana, Bangkok 10110 Local project: Reflection Jomtien Beach Sales office: Jomtien Beach Road, adjacent to Suttangrak Restaurant T: +66 (0)38 233 111 F: +66 (0)38 233 730 M: +66 (0)89 247 7158 E: sales@reflectionpattaya.com W: majordevelopment.co.th Principal contact: Chiddao Promma (Bay) Walk
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Domum Holding Co Ltd 391/109 Thappraya Road. Corner of Soi 13, next to Mata Hari Restaurant Project: Meridiem Condominium and Meridiem Park Condominium T: +66 (0) 38 251 464 M: +66 (0) 8888 10311 F: +66 (0) 38 251 733 E: info@domum-holding.com W: domum-holding.com
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
Noi
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
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
Chiyapurk
DEVELOPERS DIRECTORY • Sponsored by Waterfront Suites & Residences • 09-10/2012 • Issues 136 and 137
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
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
Soi Kha
Bravo Thai Lifestyle Co Ltd Projects: The Vineyard I, II & III near Lake Mabprachan M: +66 (0)89 8677 969 E: terry@siamdevelopments.com W: siamdevelopments.com Principal contact: Terrence Allen Collins
Dusitpattaya Co Ltd Soi Wat Yan off the Sukhumvit near Ban Amphur Project: Baan Dusitpattaya and Dusit Grand Condo View (Jomtien) T: +66 (0)38 343 586 F: +66 (0)38 343 585 M: +66 (0)81 0584 930 (English and Thai) M: +66 (0)868 486 704 (Russian) E: baandusit@gmail.com W: baandusitpattaya.com or domvtae.su Principal contact: Darwan Bunting (Meam)
Soi Khao
Anaakot Group Development 138/1 Moo 12, Soi Chayapruk, Jomtien Project: Sixtythree@12 T: +66 (0)38 231544 M: +66 (0)8780 33329 E: info@anaakot-group.com W: Anaakot-Group.com Contact: Jason Young
New Nordic Occupies a large area of Pratumnak. Go down Soi 4 and look for the orange signs on the right Current projects: New Nordic Suites, New Nordic VIP Condominium I, II and III and IV are planned T: +66 (0)38 250 025 F: +66 (0)38 306 299 M: +66 (0)89 605 4114 E: sales@new-nordic.com W: new-nordic.com Nova Group Nova Park, 80/164 M9, Soi Sukrudee (Soi AR) near Jameson’s Pub Projects: Amari Residences Pattaya, The Cliff, Nova Ocean View, Novana Residence, The Palm and Nam Talay T: +66 (0)38 415 304-8 F: +66 (0)38 415 309 M: +66 (0)85 282 6454 E: info@nova-thailand.com W: nova-thailand.com Principal contacts: Rony Fineman and Keith Storey 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
inside back cover
DE V E L O P ERS d i r e c t o r y
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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
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
o Talo
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
Tropical Dream Pattaya Co Ltd Showroom Pratumnak Road, Soi 6 Projects: Tropical Dream I and II T: +66 (0)38 252 299 F: +66 (0)38 252 209 M: +66 (0)82 202 0880 E: tropicaldreampattaya@gmail.com W: tropicaldreampattaya Principals: Gery Kis and Sylvie Schäffer
Noi
Ratanakorn Asset Co Ltd 300/6 M10 Pattaya Tai Current Projects: Life Star City Tower, Pattaya Klang Center Point, Ratanakorn Park View, Ratanakorn Villages 12 and 13, R-Con Residence, TW Garden Hill, TW Jomtien Beach Resort, TW Park View, TW Wong-Amat Beach Resort Condominium, Vela Casa. T: +66 (0)38 421 534 or +66 (0)38 421 274 M: +66 (0)81 762 6080 E: marketing-ratanakorn@live.com W: ratanakorn.com
Chiyapurk
DEVELOPERS DIRECTORY • Sponsored by Waterfront Suites & Residences • 09-10/2012 • Issues 136 and 137
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
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 Second office: B23 The Village Shopping Centre, junction of Sukhumvit and Soi Chaiyapruk Principal: Cees Cuijpers
Soi Kha
Poompatta Co Ltd 450 M9 Nongprue, Chonburi 20150 Project: Patta Village T&F: +66 (0)38 371 555 E: info@poompattapattaya.com W: poompattapattaya.com
The Siam Oriental Trading Co Ltd 267/4 M12, Pratumnak Projects: Siam Oriental Condominium, Siam Oriental Garden, Siam Oriental Twins T: +66 (0)38 250 873 M: +66 (0)84 872 1272 E: sami.sarajarvi@gmail.com W: siamoriental.com Principal contact: Sami Sarajärvi
Soi Khao
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
Vistas Development Chateau Dale Complex, Jomtien Projects: The Peak Towers (solo), Park Royal II and Water Park Condominium (in co-operation with Heights Holdings) English: +66 (0)87 803 3329 Thai: +66 (0)740 8999 Russian: +66 (0)80 826 6992 E: sales@vistasdevelopment.com W: vistasdevelopment.com Principal contact: Menachim (Meny) Borenstein Tudor Villas Co Ltd Showroom Pratumnak Hill, Soi 2 Projects: Tudor Court Condominium M: +66 (0)81 863 0201 E: tudorvillas@yahoo.com W: tudorcourtthailand.com VKK Real Estate Co Ltd Sukhumvit 87 just before the rail track and the new road Projects: Porchland I, II, III (The Blue Residence), IV (The Time), V (La Santir) and VI (The Feelture) T: +66 (0)38 757 375-7 M: +66 (0)82 444 1147-8 E: theblue@porchland.com W: porchland.com VSPN Property Co Ltd 162 Moo 2, Sukhumvit Road (next to soi Banglamung 16), 500 metres past Kratingline Tri-junction Project: Seabreeze Villa Pattaya M: +66 (0)84 460 5335 E: seabreeze_villa@hotmail.com W: vspnproperty.co.th Principal: Ukarin Kerdkitsadanont Wandeegroup (Thailand) Co Ltd Thappraya Road on the left as you go up the hill towards Jomtien Project: The Touch® T: +66 (0)38 364 321 E: info@wandeegroup.com W: wandeegroup.com Principal contacts: Mario Kleff and Nittaya Wongsin Wise Power Land Co Ltd City Office Tower 1, Rama 3 in Bangkok Project: La Royale, Na-Jomtien T: +66 (0)26 826 255 E: info@wiseassetgroup.com W: wiseassetgroup.com
inside back cover
MYSTERYcolumnist
This month our insider looks back at the trends that have emerged over the past year. People from western Europe are buying more than you might think, though some attribute this as much to a desire to get money out of troubled countries as to owning in Pattaya.
Why no insurance is never a clever policy By undercover AGENT
S
omething that many real estate offices are doing – ours included – is offering various forms of insurance to clients. As I have said in a previous article I am a UK-qualified advisor (for my sins!) and feel I can offer legitimate advice in this area. I tend to find is that the ‘norm’ here is that people often do not bother with any insurance at all, be that health insurance, home insurance or, frighteningly, car insurance. In our home countries, if these are not compulsory, generally people take out these policies to protect themselves. That begs the question, why wouldn’t you do that here in an environment that is less familiar and, arguably, more dangerous? In recent months I have come across a number of cases where
people have fallen foul of not having adequate insurance and being made to pay the consequences both financial and emotionally. The first example I will give is regarding a house in East Pattaya. The home owners had insisted that no insurance was required and if anything happened they ‘would sort the problem themselves as everything was so cheap in Thailand’. Broke his leg Unfortunately, the house needed some minor repairs and workmen were called. I say unfortunately, because these minor repairs actually ended up being major ones when a worker fell through the roof and ceiling below, seriously breaking his leg. Not only did the home owner have to pay for the repairs to the
‘‘ He was also
liable for the medical bills
of the worker plus his
subsequent time off work.
house – costing far more than any insurance policy in itself, but the tenant had to move into a hotel for a week and – as the owner didn’t have any third party public liability insurance he was also liable for the medical bills of the worker plus his subsequent time off work. I think it would be fair to say that this home owner was questioning whether Thailand was actually as cheap as he had first thought. Insurance in condos is often compulsory although some buildings do not insist on this. Often units are left empty for long periods of time for a variety of reasons. This could be because it is the owner’s second home or a rental property that is currently vacant. Problems can occur with burst water pipes or various leaks running 05/2012•Issue 132•REm•89
MYSTERYcolumnist
into the unit below causing serious damage, let alone the damage to your own unit. Also, once again third party public liability insurance needs to be considered as, sadly, sometimes the wiring in these condo blocks is not to the standards that we would expect in our home countries. Should a worker be injured or, god forbid, killed by the faulty wiring in your condo, you would be liable to pay necessary damages. I honestly believe that the cost of the premium would be a small price to pay in comparison to potential costs you may incur. Health insurance is another thing we are able to offer. I find it astounding how few people are actually covered and those that are often find themselves woefully underinsured. Many people’s Bt5,000 a year policy perhaps covers them to a limit of Bt20,000-50,000 per year. I had experience a few years ago of a client listening to bar talk rather that sensible, sober advice. The person in question took a policy that cost him in the region of Bt5,000 per year. Relatively cheap Sadly, a few months after taking out the policy he broke his leg. The repair to a straightforward break was relatively cheap and he was quick to point out he would have been no better off if he had taken out the insurance I recommended. However, a couple of weeks later his leg developed an infection. He was hospitalised for a couple of weeks with the medication and stay in hospital costing well in excess of Bt200,000.
‘‘ My eventual bill came to more than
Bt150,000 and had
I had the correct
insurance, the maximum I would have needed to
’’ pay was
Bt30,000.
Another example that I was recently made aware of was a Pattaya resident who didn’t have any medical insurance. Unfortunately, the man in question, who had been feeling unwell for sometime was diagnosed with cancer. Not only did the diagnosis itself prove to be expensive but this long-time resident of Pattaya was forced to return to his home country for treatment. This may not sound so worrying on the face of it, however, he did not have anywhere to live when he returned home as he had sold up to move to Thailand. He had been living away from his home country for so long he was ineligible for benefits, creating more unneeded and certainly unwanted headaches. Please remember that returning to your homeland may not be as easy a solution as you may think. Medical insurance and home insurance are certainly not the only types of insurance that we need in Thailand. If you a driving a vehicle here, government insurance that comes with the tax disc is compulsory on both motorcycles and cars and first class insurance is certainly recommended for car drivers. I have first-hand experience of this causing major problems – as those who know me will back me up – yes even financial advisors make mistakes! I recently borrowed a car (against my better judgment it has to be said) on the assurance that it had first class insurance. I was assured that this was the case and not being able to read Thai had to put blind faith in car owner – dangerous I know.
While driving back to the office I was involved in a collision with a motorcycle causing some relatively minor injuries. Unfortunately, the said car’s insurance had indeed expired which opened me up to the Thai legal system – something that can prove very costly if you don’t know the right people. Anyway, without wanting to go into too much detail my eventual bill came to more than Bt150,000 and had I had the correct insurance, the maximum I would have needed to pay was Bt30,000. Relevant insurance Therefore, from personal experience I would recommend ensuring your car has the relevant insurance and if you are renting a car that it is insured for rent and reward as this can open a whole new can of worms that unfortunately, I don’t have space to write about today! On a final, more positive – and hopefully more amusing – note I was recently informed by a friend in Chiang Mai that he was delighted he had taken out golf insurance (not from myself) as he got a hole in one! For those of you who don’t know golfing tradition dictates that the scorer of the ‘ace’ should buy all those in the clubhouse a drink. I am told, and I am not sure whether to believe this (or the hole in one!) that he was lucky and the insurance company covered this bill for the surprisingly busy bar! Anyway, as always space has run short so until next month, stay healthy and insured(!) and keep, as I will try and do, enjoying the Land of Smiles. 05/2012•Issue 132•REm•91
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