Rem October 2013 by Pattaya Property Consultants

REALESTATE e n i z maga thailand

The Riviera has arrived

New luxury high rise coming to Wongamat The Palm wins Best Condo 2013 Issue 149 • October 2013 • www.remthai.com

เรียล เอสเตท แม๊กกาซีน ไทยแลนด์

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

As good as a rest! There are conflicting adages that apply to just about everything we do in life. I could name several, but the two that

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 Tel: 086 833 2543 (Khun Third) Publisher Pattaya Property Consultants Co Ltd 21/27 M5 Soi Nern Plub Waan Nongprue • Banglamung Chonburi 20150 Tel: 038 406519 or 08 6335 2474 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 149•10/2013

are currently playing around in my head are ... “a change is as good as a rest” and “if it isn’t broken, don’t fix it”. I’ll expand on this a little. Next month’s publication is the 150th of this magazine which started back in the year 2001 –

Dave Buckley talks about how he plans to alter the way REm is presented starting next month

in itself some feat in this city. The big question playing around in my head is: Do I throw it all up in the air and start afresh? Or is it okay as it is and best left alone? Now I don’t delude myself that any of you readers are likely to lose any sleep or fret for even a nono-second about my dilemma. But a dilemma it is. One part of me argues that 150 issues is a good time to ring the changes; the other part says we have an established brand and it would be silly to change it. Which wins? The old jokes “I used to be indecisive, but now I’m not so sure,” and “the editor’s indecision is final” both seem appropriate here.

One thing is certain, however, the next issue will see the merging of the content of REm and Pattaya Living. With effect from next issue the two will combine to form a magazine of at least 100 pages (when you include the cover). This is a substantial change to the way we do things. But will it be the only major one? For example I’m considering introducing a new masthead. If I do that will people not pick it up? “I prefer to wait for Real Estate Magazine to come out,” might be the reaction from those who do not realise they are looking at the new look REm. Be sure to pick up a copy next month to find out what’s happening. If it doesn’t look exactly the same as before, give it a go anyway. It won’t cost you anything! Back to this month’s issue ... in it we look at some of the winners in the recently announced Thailand Property Awards. There are a few surprises in there – not least of all to some of the winners! Our report starts on Page 34. Also – and almost as a direct result of my column that appeared in last month’s issue – we announce a prize competition to name the next condominium project planned by Kingdom Property. Details are on pages 16 and 17. Feeling just about competitioned-out (if there is such a thing)? Well consider this. There are two prizes for two couples. The winners will be flown Business Class to Australia and spend five nights at a five-star hotel in Surfers Paradise on the Gold Coast. Not bad for just thinking up a name, huh? But, not so easy of course. See you next month.

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20-21

OURCONTENTS

cover story

Award-winning co-developer of The Palm soon to launch The Riviera

Pattaya LIVING

PL20: beating the bangkok blues ... Bart Walters finds a home away from home at the Thai Garden Resort in Naklua. PL23:

animal

magic! How much Members of the team that masterminded the award-winning The Palm condo

do you know about

development at Wongamat pose with the trophy and plaque which was handed to

famous

them by chairman of the Eastern Seaboard judging panel Clayton Wade (centre).

For

mammals?

example,

you know the name of this statuesque chap alongside and what was his claim to fame at London Zoo, the world’s oldest scientific zoo.

28 16

Take part in a great “name the condo” contest in which you can win super trips to Australia’s Gold Coast.

6•REm•Issue 149•10/2013

Discover the great beach and peaceful delights of the Mosaic project planned for Mae Phim.

More from the Property Awards –

PL28: are pool players too serious?

Mark Bowling from Colliers picks

This month’s Barstool Debate asks if some of

up a third prize in four years.

the fun is disappearing from local pool leagues.

NEWSREPORT

Highs and lows of Colliers condo report for first half Colliers International have released their Pattaya City Condominium Report for the first half of 2013. As one might expect it contains a mixture of good and not so good news. The executive summary of the report highlights the following: l A similar number of newly launched units were introduced in the first half of this year, as were in the second half of 2012. l Just 800 units were completed and transferred during H1 2013. l A large number of Pattaya and Bangkok-based developers continue to give a strong vote of confidence for the Pattaya market. l The average take-up rate and average price for the first six months of 2013 are similar to the previous year. l The new Jomtien Second Road is the most densely developed area throughout the municipality during 2012. Jomtien, in particular, runs the risk of oversupply, sparking concerns. The report also notes that three

listed developers, Sansiri, Supalai and SC Asset Corporation, launched their first projects in Pattaya City in the first half of 2013 and received good feedback from buyers, especially the Thai market. The labour shortage is still the major obstacle in the construction industry, which is causing delays to complete some condominium projects on time in Thailand, including some in Pattaya. The largest condominium supply is in Jomtien, representing about 42 per cent of the total, followed by Pattaya with approximately 30 per cent. The Pattaya area was home to the majority share of the city’s condominium market from 1990 to 2000, but due to the limited plots of land, developers are moving south. Jomtien is the new location for development, especially around the Second Road, which officially opened in 2005. Thus, Jomtien now has the largest share of the condo market. l If you wish to receive a copy of the full report please email mark.bowling@ colliers.com.

Longbeach showroom ready now The sales gallery for the new Longbeach Condominium project in Ban Amphur opened at the end of last month. The showroom features a 31sqm one-bedroom show apartment, enabling potential buyers to see just how much it is possible to fit in such a modestlypriced unit. The showroom also has a model of the building so visitors can appreciate the stunning, Californianinspired design in three dimensions. The showroom is on-site at the project at Soi Na Jomtien 32 in Ban Amphur, the entrance to which is opposite the Chonburi College of Agriculture and Technology. The location is 100m off the Sukhumvit Road, far enough away for residents to not be disturbed by any traffic noises, but close enough to be able to quickly hop on one of the

numerous baht buses that go up and down Sukhumvit Road constantly. This makes it a fast and easy 20 minute journey to the centre of Pattaya. Many other major attractions are even closer, including the new Cartoon Network Amazone Water Park, which will open at the end of this year, the quaint Mimosa Shopping Village, the award-winning Nong Nuch Gardens. Best kept secret Head just 200m west from the site, however, and you will be right on Ban Amphur’s main attraction – the longest stretch of fine beach in the Pattaya area. Ban Amphur Beach is a golden mile of sand and palm trees often described as “the best kept secret in Pattaya”. Just five minutes walk towards the harbour area and you’ll also find some

l Head down to the showrooms any day of the week between 9am and 6pm. Or you can find full information on the project’s recently launched website – www. longbeach banamphur(all one word).com

of the best seafood restaurants on the Eastern Seaboard. Longbeach is a boutique project containing just 77 units. Despite the small number of apartments, buyers have a wide assortment of unit sizes to choose from starting at 24sqm studios, through small one-bedroom apartments of 31sqm and larger one-bedroom apartments of 42sqm, going up to twobedroom apartments from 56-65sqm. There is also one exclusive threebedroom luxury penthouse of 90sqm. All owners will be able to enjoy stunning views from the top of the building, where there will be an infinity pool set in elegant gardens. Prices at Longbeach start at a very reasonable Bt999,000 for the studios and the one-bedroom apartments start from just Bt1,349,000.

Want all your property news on-line? Visit www.remthai.com 10/2013•Issue 149•REm•7

COVERFEATURE

The Rivera new luxury double tower planned for the Wongamat area. “I believe The Riviera will strongly contribute to enhancing Wongamat’s desirability even further,” says developer Winston Gale. Left: Rising all the time – The progress on The Palm as pictured in August.

More on the property awards – see Pages 34-36 12•REm•Issue 149•10/2013

Top condo prize was genuinely unexpected ‘We felt our year might be next year,’ says co-developer

ast month saw the handing out of the 2013 Thailand Property Awards in which The Palm was named Best Condo Development (Eastern Seaboard). After the event we caught up with Winston Gale, founder and co-developer of the Wongamat project. “We are delighted to accept this award,” Winston said. “It’s taken us five years to get to where we are today. So much hard work by so many good people has been done and this award is also for all of those people who are part of our team.” After partnering with Nova Group’s Rony Fineman in mid-2010, the two formed Nova Luxury Developments and together Winston and Rony developed the The Palm. “It’s been great working with Rony, we’ve worked together well and are now good friends. He is a true pioneer of Pattaya,” said Winston. The Palm beat last year’s winner The Cliff (a Nova project) and Major Developments’ Reflection in Jomtien. So The Palm is set to become one of Pattaya’s most desirable address when it completes in 2015. Tough competition Asked if he is a little surprised, Winston said: “Yes, we are genuinely surprised, not because The Palm isn’t worthy of the award, but we felt our year might be next year when we were nearer to completing. We beat very tough competition from Major Developments’ Reflections who have almost finished. This just demonstrates that the judges

wife, Sukanya, for example, has ended up being the heart-beat of the project from day one, a real solid rock we have relied on to sort out so many problems for us. Rony, Birathon and I know a large chunk of that award goes to Sukanya and others like her on the team.” You are soon to launch the eagerly anticipated The Riviera in Wongamat. After winning the 2013 Property Award for condos with Rony this must surely have given you an extra confidence boost in readiness for the launch?

Winston Gale, founder and co-developer of The Palm, with wife Sukanya “a real solid rock” in the project’s progress. saw something very special in our project.” The Palm started life when Winston met land owner Khun Birathon in late 2008 and they agreed to form a joint-venture to create The Palm, Wongamat Beach. Rony Fineman was later invited to join the team in 2010. The early success saw 50 per cent or Bt1.6bn of sales achieved in less than eight months from launch, making it a recordbreaking achievement for Pattaya at the time. The project currently stands at 94 per cent sold with 27 units remaining. When The Palm is complete, 542 lucky owners will be able to enjoy the award-winning exclusive address and the very private beach the land commands.

Exclusive club With all The Palm’s efforts being acknowledged by winning the 2013 award, Winston Gale’s attentions have soon been re-directed to his newest project, the mega-scaled The Riviera. Rony Fineman from the Nova Group, Winston’s partner in The Palm, has already won the top condo ES award last year with The Cliff. “It must be great for you to now be part of this exclusive club of winners,” we said. “Yes, it’s rewarding on a personal level for sure,” said Winston, “but you can’t forget that there really has been so many talented people also involved. It’s hard for us to keep taking all the credit, it’s been a real team effort. My

Nice timing “Yes it’s nice timing,” replied Winston. “It all helps without a doubt, but location still counts for so much, especially in a competitive market place. “We believe Wongamat will eventually establish itself as unquestionably the address to live or invest in. Today its desirability is going from strength to strength and The Riviera’s location, combined with cutting edge design and the well thoughtout facilities will fit-in perfectly within the already established surroundings. “I believe The Riviera will strongly contribute to enhancing Wongamat’s desirability even further.” Are we to then expect that The Riviera will follow in the footsteps of its family member The Palm in the not too distant future and be another awardwinning project for Wongamat? “Who knows (Winston said with a laugh). It’s still very early, but I will make sure it has just as much opportunity as The Palm has had.” Ω 10/2013•Issue 149•REm•13

Est. 2001

PATTAYA REALTY th

1 bed 1 bath 44.40 sqm

1 Bed 1 bath 65 sqm

2 Bed 2 bath 89 sqm

Pattaya Realty Co.,Ltd. Anniversary 2001-2013

Condo: Pratumnak CS7728

3,850,000THB

Condo: Wong Amat 3 beds 3 baths 132 sqm CS8224 18,500,000THB

Condo: Central Pattaya CR7938 15,000/Month

Condo: Pratumnak CS7731 5,500,000 THB

Condo: Baan Amphur 2 Beds 1bath 82 sqm CS4652 3,500,000 THB

Pattaya Realty Co.,Ltd. Eng: 089 833 6175 Thai/Eng: 090 465 4563 www.pattayarealty.com

3 bed 4 bath

2 bed 1 bath 138 sqm

House : East Pattaya

House : East Pattaya HS5818

3 beds 3 baths

3.799.000 THB

House : Jomtien HR8207 85.000/Month

House : Mabprachun - Pong

HS7060 7,000,000 THB

3 bed 3 baths HS3250 10.750.000 THB

Condo: Jomtien

Condo: Pratumnak 1 bed 2 baths 100 sqm CS3871 3,500,000 THB

CS7972 5,900,000 THB 35,000/month

House : Pratumnak 1bed 1bath

3 bed 3 baths

HR3834 45,000/month

Pattaya Realty Co.,Ltd. Tel: 038 412301/038 412302 Fax: 038 429462 Email: info@pattayarealty.com

House : South Pattaya 3 beds 2 baths

HR7945 17,000/month

Our office address 219/1 Tipp Plaza Pattaya 2nd Road.Nongprue Banglamung Chonburi 20150

Pattaya Realty Restaurant: Jomtien

Resort 22 Houses, Land size 9600 m sq, fully furnished 68M.

Commercial

MS6960

Guesthouse:Jomtien

Land for sale in HuayYai 3.25 Rai, 1.5MB per rai ,Beatiful land ready to build.

SOLD

LS8239

By Pattaya Realty 3 storey building,3 rooms,1 kitchen, Fully furnished, MR7895 Lease 800,000 THB Rent 30,000/month

Disco Club: South Pattaya

Corner Unit Jomtien Complex 4 Storey 12 Rooms 60K/Month

MR7270

Guest house Three storey house, Buildung size 156 m sq, 7 bedrooms, fully furnished, laundry

MS7463 Sale 29,950,000 THB

Restaurant for sale on Thappaya Rd. Full Furnish,Full Ktichen.Sale 2.9M.

MS7762

Resort:East Pattaya

Well established sports bar & restaurant on extremely busy soi in East Pattaya. Fully equipped Sale 1.55M.

MS7126 Brand New Night Club, Fully equipment, Very nice, ready to open/work/run business, just open the door. 2 Floor, 560 Mq,

MS7628 Sale 12,000,000 THB

7 Luxurious suites and apartments , each with private mini pools

Commercial three storey for sale. close to city, close to shops, and all amenities.

MS8067

MS7663 Sale 69,000,000 THB

Office for rent :Jomtien

Hotel:South Pattaya

Massasge Shop :South Pattaya

Office for rent , 3 rooms, air con.

The Hotel consists of 56 rooms, ranging from 24Sqm studios up to 155Sqm. 2 Bed Units.

Massasge Shop 4 storey,Staff 4 ,Fully Furnised

MR8291 Rent 12,000/Month Pattaya beach hotel building

The building has 8 storeyâ&#x20AC;&#x2122;s and 70 percent of the units enjoy sea view. It is 80 meters from the beach.

MS7828 Sale 135,000,000 THB

MS6263 Sale 90,000,000 THB

MS8102 Sale 13,000,000 THB

12 bedroom Guest House

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12 bed room Guest House in Wong Amat

A well established profitable family business in the heart of Bang Saray. In total there are twelve rooms, large swimming pool, restaurant, tropical gardens

MS8050 Sale 23,000,000 THB

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

MS6247 Sale 25,000,000 THB

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

prizecompetition

What’s in a name? A top trip to Australia – that’s what!

ast month in my column on Page 2 I posed the question: What’s in a name? It was written as a follow-up to an off-the-cuff remark I made to Kingdom Property CEO Nigel Cornick when we appeared on the Mix 88.5FM radio station to report the first anniversary of his company, writes Dave Buckley. We had been discussing on air how difficult it can be to come up with an original name for a new project. I suggested that Nigel invite members of the public to think of one and, frankly, I gave little further thought to the idea thereafter. But Mr Cornick did! And as you can see on this spread he decided to put his money where his mouth is and invite readers of REm and listeners to Mix 88.5FM to come up with a name and a tagline for Kingdom’s next project in Wong-Amat. The folk who come up with the best names and taglines will each win a chance to experience the style and sophistication of Surfers Paradise in the heart of Australia’s Gold Coast. Fly Business Class Come up with the goods and you and a partner will be given two Business Class return tickets and a five-night stay at the newly refurbished five-star Sheraton Mirage Resort & Spa (seen on the facing page). All you have to do is come up with an iconic name and/ or tagline for the next Kingdom project. What’s a tagline? Well Kingdom’s first project is Southpoint Pattaya and its tagline is “Chart Your Course for ... All Points South”. So, yes, it makes sense

16•REm•Issue 149•10/2013

for you to try to come up with both but there will still be two separate prize-winners named. Of course, you might be able to pluck a great name out of the air, but the following points may give you added inspiration. Key points about the new WongAmat development include: l Absolute beachfront; l Pattaya’s most exclusive project; l High quality and innovative design elements; l Distinguished developer and development team track record; l More than 50 storeys of spacious residences on a generous 8,000 sqm site. To take part in the competition you must submit your entry on-line at www. kingdomproperty.com before the 18th of this month. Enter now to win an awesome Aussie adventure and help create a brand worthy of this spectacular project. Note that conditions apply which you must agree to when submitting your entry. At the end of my column last month I suggested The Keys as a name to dovetail with Kingdom’s logo. But that has obviously been rejected out of hand (sob!). I had thought of trying to slip a few more names in under a nom de plume but claiming the prize would involve a conjuring trick I can’t pull off. Anyway, as is usual with competitions, employees of REm, Mix 88.5FM and, of course, Kingdom Property are not eligible to take part (double sob!!). Good luck to everyone who takes part and we plan to announce the winners in a forthcoming edition. Ω

IT IS ABOUT THE SAFEST INVESTMENT IN THE WORLD!”

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SPECIALFEATURE

Peaceful Mae Phim is a distinct delight

eaceful – that overused word in property circles – is the one that readily springs to mind when talking about living in the Mae Phim beach area to the east of Rayong. When your car crests the small rise before dropping down onto the beach road it immediately strikes you that you have arrived in a nice place. Yes I know nice is also over-used but, like peaceful, it is totally appropriate in this instance, writes Dave Buckley. I was being driven along the beach one Friday lunchtime and was able to travel long stretches without seeing anyone on the sand. The sea looked a lot bluer and cleaner than it does in Pattaya and only a short area of the four kilometre-plus beach is allowed to be dedicated to umbrellas and fast food stalls. Yes, this was my 28•REm•Issue 149•10/2013

Nearest building in this architect’s sketch is the planned Mosaic condominium which will be alongside the earlier Grand Beach development. The new hotel will go to the right of these in the grassy area above this lettering. idea of peace and tranquility (which is probably tautology but please overlook this). The man at the wheel showing me around was Pasi Marjamaki, director of Sales and Marketing at Silversea House Co Ltd, whose company used to market under the name Logan’s (Thailand) which is how many customers still know them. His company has been in Mae Phim for many years (as Logan’s) and now operates exclusively in this comparatively underdeveloped area of the Eastern Seaboard under the new name. Little change I had visited Mae Phim at Pasi’s invitation some years back and was pleased to notice that seemingly little had changed. In the intervening years his company have completed the projects that were either under

way or planned during my previous visit. And they continue to develop there with a new condo block and separate resort hotel on the way. Pasi is understandably pleased and proud of what his company has achieved and is achieving in this coastal town. But he surprised me a little when he said he would welcome other developers there. “Of course that would mean increased competition,” said Pasi, “but we would welcome that. No problem. We think it would be good for the town overall.” Comparatively recently branded hoteliers have set up or acquired premises nearby. “Marriott have built about 10 kilometres down the coast and Centara took over an existing hotel here,” said Pasi. “The big boys are starting to take notice.” Silversea House will soon

diversify by developing and running their own hotel – the Grand Blue Resort & Beach Club. It will be sited right alongside their newest planned condo project, The Mosaic, a 62-apartment single building just minute’s walk from the beach with units from 39-55sqm. Unfurnished units Prices in Mosaic will range from Bt1.5m for a one-bedroom to Bt3.5m for a duplex. All figures are for unfurnished units though Logans plan to offer furniture packages a little down the line. Work on Mosaic is due to start next month with a projected completion date of March 2015. It will boast a rooftop swimming pool which has now become a fairly standard part of the company’s offering. One big change since I was last in the town is the profile of

The rooftop pool area at the Mosaic. Below, left, is a view looking down into one of the duplex units. Below, right, is the living area in the one-bedroom unit.

the buyers. I had been present for the launch of SeaView right at the entrance to the beach which was snapped up 99 per cent by Scandinavians. In a subsequent development – Grand Beach I and II – some 60 per cent of the buyers were Thais, mainly from Bangkok. A show unit for Mosaic is now available to view in Grand Beach which is very similar in room sizes and designs. “We feel the market is still currently for smaller units at lower cost which appeal to Thais looking for a second home,” said Pasi. “Our Thai customer base has been growing very fast with a marked increase in just a year.” As Logans the company had been concentrating on developing larger units (80sqm, for example, in SeaView). These were mainly aimed at the Scandinavian market which is where Pasi and

his fellow directors hail from. “Our next project will include bigger units once again,” said Pasi without elaborating on what the next one will be. As one might expect, the Silversea House team welcome buyers wherever they come from. “We are even getting interest from people living in Pattaya who seek a quiet weekend retreat,” added Pasi. “We have had a few people buy here for that reason.” Wrong route I had travelled to Mae Phim from Pattaya but had made the mistake of taking the Sukhumvit route passing through Bang Chang and Rayong itself. I believe I caught every traffic light with the exception of one. It was not the best choice of route. Pasi told me that people travelling down from Bangkok usually take the 344 road which

branches off Highway 7 just after the toll booths and has virtually no traffic lights. “After passing the airport (at Suvarnabhumi) there isn’t much difference in the time it takes to get here compared to, say, downtown Jomtien,” said Pasi. Although it’s a small town Mae Phim is well known to Thais because it is the birthplace of famous 1880s royal poet Sunthorn Phu whose Wikipaedia entry describes him as Thailand’s answer to Shakespeare. So there is no shortage of tourist interest. I don’t claim to have an encyclopedic knowledge of Eastern Seaboard beaches but I would be confident that Mae Phim would rank highly. For those who prefer island life or a change of pace and scenery you can hire a speedboat to take you to Koh Samet which is clearly visible from Mae Phim.

Before settling in Mae Phim Pasi had been living in Bang Saen, another town with strong Logans connections. The right move? How did he feel about the move? “Before moving here I was wondering how it would turn out. Bang Saen is not like Pattaya but it is more developed and busier than Mae Phim,” he said. “I have everything I need here. The beach is nice, there are several very good restaurants and we don’t have traffic jams – though it can get quite busy on long weekends.” Pasi is obviously relishing the challenge of seeing Mae Phim develop. But that progress needs to be in a way that does not destroy the town’s charm. Ω l For more information ring +66 (0)81 996 8803 or email sales@maephimproperty.com 10/2013•Issue 149•REm•29

propertyawards

And the winner is ...

Winners all ... every major award winner was invited on stage for a group photograph.

hailand’s real estate industry came together on Thursday 19 September to acknowledge the best of the best at the 2013 Thailand Property Awards gala dinner and awards presentation ceremony held at the Centara Grand & Bangkok Convention Centre at CentralWorld. An engaging keynote address on sustainable design by awardwinning architect and professor, Jason Pomeroy, followed opening remarks by Terry Blackburn, CEO of organisers Ensign Media, setting the tone for an exciting evening of celebration. Now in it’s eighth year, the awards organisers welcomed a new chairman to the judging panel this year, Khun Sunchai Nuengsit, managing director of Buildersmart Public Company Limited, and recognising the evolving nature of the industry, introduced four new awards: Best Residential Development (Khao Yai), Best Villa Rental Agent, Best Villa Architectural Design and Best Villa Interior Design. In total, 33 awards were on offer including regional awards for best condominiums and villa developments on the Eastern Seaboard, in Hua Hin, Phuket, 34•REm•Issue 149•10/2013

l Jones Lang LaSalle scoop five major awards l Colliers win best local agent for third time l The Palm voted best Eastern Seaboard condo l 66 Condominium is ES best boutique condo l Silk Road Place is named best ES villa project Samui and Chiang Mai, as well as arguably the two most sought after awards: Best Developer Thailand and Best Boutique Developer Thailand, and for the third consecutive year Kalara Developments was crowned Best Boutique Developer Thailand. Best Developer Sansiri Public Company Limited scooped the prestigious Best Developer Thailand award, and acknowledging Sansiri’s success, the judging panel stated: “With 257 projects since 1984, Thailand’s Sansiri has introduced numerous innovations and advancements in the luxury villa and condominium sector, with customer satisfaction and lifestyle always at the core of the company’s impressive achievements.” Jones Lang LaSalle (JLL) took home five trophies in the Real Estate Services categories,

winning Best Commercial Agent, Best Property Management Company (Bangkok), Best Property Management Company (Resort), Best Property Consultancy and Best Agency Deal for the sale of Laguna Phuket Beach Resort. “The quality of nominations and entries this year was exceptional and have pushed the bar ever higher, showing the growth and diversity of Thailand’s robust real estate industry,” said Terry Blackburn. A thorough and rigorous judging process by an independent panel of judges, with overview by BDO Advisory, evaluated a record number of nominations and entries this year. Those developments shortlisted were then subject to site inspections before the judging panel submitted their list of Winners and Highly Commended developments and businesses to

BDO Advisory for safe keeping. “That the judges and the judging process is independent is paramount for us and has been the cornerstone to success for the awards since their inception eight years ago. BDO Advisory have again overseen the entire process from start to finish ensuring the judging process was undertaken fairly, without bias or favour,” added Blackburn. International brokers The services categories were dominated by brokerages with an international dimension although prominent agents CBRE (CB Richard Ellis) were conspicuous in their absense. The biggest winners on the night were JLL who won each of the classes they were commended in plus one more for best deal. It was a big week for JLL as on the same day they also picked up four other prizes in the Euromoney Real Estate Survey 2013. JLL was voted as number one Overall Real Estate Advisor and also won top votes for Research, Valuation and Agency/ Letting. Results from the Euromoney survey were based on votes from companies involved in the real

The team from Jones Lang LaSalle were biggest winners with five awards. They came top in every class they were commended in. estate sector that were invited to submit information about their activities, achievements and market opinions. Mrs Suphin Mechuchep, managing director of Jones Lang LaSalle in Thailand, said: “The nine awards our firm has won this month represent well the recognition we have received from Thailand’s real estate industry, and testament to our commitment to providing an excellent service to our clients. They also reaffirmed our leading position in real estate services in Thailand.” Earlier this year, Jones Lang LaSalle was named Thailand’s Best Property Consultancy at the International Property Awards Asia Pacific 2013. Best Residential Agent As has been the case over the past few years Colliers International fared brilliantly in the Best Residential Agent class in the Thailand Property Awards winning both in Bangkok and on the Eastern Seaboard. For Mark Bowling, Colliers associate director, Sales & Leasing, based in Pattaya the ES win was especially pleasing as the branch he heads has won each year since he joined them

(with the exception of 2011 when the category wasn’t included). Mark said: “Obviously I’m delighted our office once again won the Best Agent (Eastern Seaboard) this year, having also previously won the accolade in 2010 and 2012, making it a hat-trick for us. In 2011 when the category wasn’t included we were Highly Commended in the Best Agent (Resort) category. “Without question this award would not be possible without the hard work, dedication and professionalism displayed by our entire team over the years and I’d personally like to congratulate and thank them all for ensuring that Colliers International remains at the forefront of the Pattaya real estate market.” He added: “The recognition that this award gives us is immense and to have won three times gives us a distinct edge over our peers without

a shadow of doubt. I see big things happening in Pattaya in the future and we’re delighted to be playing a major role in the changing face of the city. “I should also congratulate my friends and colleagues at Town & Country, Premier Homes and Savills for securing the Highly Commended accolades, which is also a huge tribute to their professionalism over the years. “Can we make it a fourth year? I didn’t think we’d win it this year, so, who knows, anything is possible.” Magnificent position Also on the Pattaya scene the best Eastern Seaboard condo award went to The Palm which occupies a magnificent position in Wongamat. Winston Gale, founder and co-developer of The Palm, said: “We are delighted to accept this award. It’s taken us five years

to get to where we are today. So much hard work by so many good people has been done, this award is also for all of those people who are part of our team.” For more of Winston’s reaction turn pages 12 and 13. The Palm edged out Major Developments’ Reflection project at the south end of Jomtien Beach and last year’s winner, The Cliff on Pratumnak Hill which was developed by Nova Group. The best boutique condo on the ES went to 66 Condominium in Soi 1, Pattaya Beach, which features just 32 residential units. Highly Commended was Novana, again from Nova Group. In the Eastern Seaboard villas class the top prizes went to Silk Road Place in Soi Chaiyapruk 2. It pipped three other top notch projects to the first prize – Sedona Villas, Siam Royal View and the Vineyard’s La Résidence whose company was commended for the third year running. Local tourist attraction – Mimosa – was highly commended in the Best Commercial Development class. Local brokerage Premier Homes was highly commended in the Best Villa Rental Agent class. l For a partial list of winners please see overleaf. 10/2013•Issue 149•REm•35

propertyawards

Colliers International also made an excellent showing. Associate director in Pattaya, Mark Bowling (right) received a third ES trophy. Partial list of Winners and Highly Commended AT the 2013 thailand property awards Best Developer Thailand Sansiri Public Company Limited – Winner Magnolia Quality Development Corporation – Highly Commended Pace Development Corporation PLC – Highly Commended Raimon Land PLC – Highly Commended Best Boutique Developer Thailand Kalara Developments – Winner Absolute World Group – Highly Commended Best Commercial Development Thailand Megabangna, Super Regional Shopping Centre by SF Development Company Limited – Winner Mimosa Pattaya by Mimosa Co Ltd – Highly Commended Promenada Resort Mall Chiang Mai by ECC Chiang Mai Project 1 – Highly Commended Best Villa Development (Eastern Seaboard) Silk Road Place by Better Home Development Co Ltd – Winner Sedona Villas by Sedona Villas Company Ltd – Highly Commended Siam Royal View by Keereekham Co Ltd – Highly Commended The Vineyard, La Résidence by Bravothai Lifestyles Co Ltd – Highly Commended Best Condo Development (Eastern Seaboard) The Palm, Wongamat Beach by Nova Luxury Developments Co Ltd – Winner Reflection Jomtien Beach Pattaya by Major Development PCL – Highly Commended The Cliff Residence Pattaya – Highly Commended Best Residential Agent (Eastern Seaboard) C.I.T. Property Consultants Co Ltd (trading as Colliers International Thailand) – Winner Best Residential Agent (Eastern Seaboard) continued Premier Homes Real Estate Co Ltd – Highly Commended Savills (Thailand) Limited – Highly Commended Town & Country Property Co Ltd – Highly Commended 36•REm•Issue 149•10/2013

Best Boutique Condo Development (Eastern Seaboard) 66 Condominium by Thalay 66 Co Ltd – Winner Novana Residence by The Nova Group – Highly Commended Best Commercial Agent Jones Lang LaSalle (Thailand) Limited – Winner C.I.T. Property Consultants Co Ltd (trading as Colliers International Thailand) – Highly Commended Best Property Management Company (Bangkok) Jones Lang LaSalle (Thailand) Limited – Winner Property Care Services (Thailand) Ltd – Highly Commended Savills (Thailand) Limited – Highly Commended Best Property Management Company (Resort) Jones Lang LaSalle (Thailand) Limited – Winner Luxury Villas and Homes Ltd – Highly Commended Best Property Consultancy Jones Lang LaSalle (Thailand) Limited – Winner C.I.T. Property Consultants Co Ltd (trading as Colliers International Thailand) – Highly Commended Best Overseas Property Agent Savills (Thailand) Limited – Winner C.I.T. Property Consultants Co Ltd (trading as Colliers International Thailand) – Highly Commended Best Villa Rental Agent Luxury Villas and Homes – Winner Premier Homes Real Estate Co Ltd – Highly Commended Best Agency Deal Jones Lang LaSalle Hotels re Sale of the Laguna Phuket Beach Resort – Winner For more information on the judging process, visit www. thailandpropertyawards.com/process. For more information on the awards, visit www.thailandpropertyawards.com.

now it all fits! Showroom now open

THE CUBE HAS THE ANSWERS CONDO PROJECT IN PRATUMNAK FROM THE PEOPLE WHO BROUGHT YOU TUDOR COURT

Illustrations on facing page are architect’s renderings.

Photographs on this page taken in actual showroom.

www. cubepattaya. com

081 5700 110

SPECIALFEATURE

Big party for first housing project

orchland have made a big investment in their first housing project – both financially and in terms of marketing. The company have invested Bt800m in Baan Nakarasarp, a 63-unit collection of detached houses in a very private and peaceful spot near to Bangpra reservoir and golf course. To support the launch of the project the company staged a grand opening party and Khun Chitsanucha Phakdeesaneha, the chief executive of the Porchland, invited Panadda Wongphudee (Boom) the model and the former Miss Thailand to act as MC for

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the evening which was attended by many guests. He said: “This is our first home project. It lies on 43 rai of land with three types of houses.” The house types are – 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. The homes will feature high ceilings designed to keep the houses cool and they will be surrounded by all kind of trees

and natural landscaping. To enhance the look all cabling will be buried underground. The project will feature a massive two-storey clubhouse, gym, sauna, swimming pool and all will be found just minutes away from Highway 7 and the Sukhumvit Road. Porchland have only been selling Baan Nakarasarp for three months but they already have more than 25 per cent of the plots reserved. A spokesman for the company said: “Most of our clients are from Bangkok who have been investing with us before and we have some local

clients as well. We want to say thank you to them for always trusting and buying from us. We believe we will complete all the sales by the end of the year or the middle of next. “Porchland usually attain 80 per cent of sales within three-six months because we are trusted and hopefully we will still have a good response. We have potential clients such as doctors, engineers, police and foreign investors.” The spokesman added: “Set in a prime area and with good infrastructure communications, Baan Nakarasarp has everything you need!” Ω

eastcoast@thaiproperty.com • www.thaiproperty.com C’est palai Jomtien Land size: 102 sq.w House size: 205 sq.m Private swimming pool Unfurnished

2 Bedrooms 3 Bathrooms In Secure Village Held in Thai company

Sale: 7.9m BT • RENT: 50,000 BT/month Pattaya Tower Pattaya City Condo size: 41 sq.m 150m to the beach 1 Bedroom 1 Bathroom

Sea view, City apartment Convenient location On taxi route Held in Foreign name

sale: 1,500,000 baht NONGPLALAI HOUSE East Pattaya Land size: 239 sq.w House size: 300 sq.m Separate guesthouse Private swimming pool

5 Bedrooms 4 Bathrooms Peaceful environment Held in Thai Company

SALE: 7,500,000 BAHT Paradise park Jomtien Condo size: 35 sq.m 1 Bedroom 1 Bathroom Euro Kitchen

Resort style facilities Fully furnished Easy beach access Held in Thai name

SALE: 1,390,000 BahT

Jomtien

038 267 030-1 • Pattaya 038 723 615-6

constructionupdate

HH’s Pratumnak projects are making great progress The Peak Towers, Tower A

eights Holdings are pleased to report good progress on their numerous Pratumnak-based developments. Here are the latest construction updates across the HH portfolio for the area: Waterpark Condominium Following the receipt of EIA (Environmental Impact Assessment) approval for The Waterpark Condominium in early August, the project broke ground later the same month and piling work is now underway at Pratumnak Soi 5.

Laguna Bay 2 structural work

C View Boutique rooftop

C-View Boutique The exterior skeleton of C-View Boutique is now complete up to the sixth (top) floor, with work now underway on the rooftop area, including preparatory work for the swimming pool and fitting of the water tank. Interior wall brick work is complete up to the fifth floor, while plastering throughout the building stands at 40 per cent complete. Electric and piping preliminary installation works are approximately 80 per cent complete. Laguna Bay 2 Laguna Bay 2 piling is complete, with foundation work more than 90 per cent complete. Structural work has now begun on the ground floor and car park area.

The Peak Towers

The Peak Towers Structural work on The Peak Towers Tower A is now complete up to the 20th floor, with the Tower B skeleton now built up to the 15th. Internal wall brick work for Tower A is complete up to the ninth floor, with Tower B interior walls in place up to the third floor. Main plumbing systems are installed up to the 15th floor of Tower A and the 7th floor of Tower B, with primary electrical fittings in place up to the 4th floor of Tower A. Work has now commenced on the fitting of waste water facilities for both Towers. l To enquire about any development in the Heights Holdings portfolio, or to request availability and pricing, contact info@heightsholdings.com or call +66 85 282 6454.

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MYSTERYcolumnist Our man at large still encounters anti-Pattaya prejudice as he travels throughout the kingdom. This month he makes out a case for ending the concentration on the city’s sexy aspects and enjoying the undoubted swing towards becoming a family destination.

Now sowing the less ‘seedy’ seeds

am lucky that with my job I get to travel to many different cities within Thailand but the one thing that I always find sad is the way that Pattaya is perceived by many, if not most, people in these cities. I was in Chiang Mai a couple of weeks ago and was told by an Englishman: “Whatever you do, don’t tell them that you live in Pattaya!” This was someone who has not been here for almost a decade. I think it is fair to say that in the past Pattaya has had somewhat of a bad reputation but is it really fair that it continues to carry forward? Massive changes I love living here and I have done so for more than five years and over this period I have really seen some massive changes in the city. While it would be impossible for me to contend that the seedier side no longer exists, I think it is fair to point out that there are quite literally thousands of residents that are here

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By OUR MAN AT LARGE mainly for the purposes of work, many of them are with their families and are certainly not looking for that seedy aspect. If the city was so bad, why would major international companies encourage many of their employees to live in the area, or, indeed, open factories and businesses here in the first place? I hear the argument about BOI funding but surely this would available elsewhere if the demand was there? The fact that numbers of expats are coming here with their families suggests to me that Pattaya is still an up and coming destination that has something to offer for everyone and that the bad imagine should be left in the past once and for all. In the past five years we have seen a number of the major international hotel chains open here. The benefits of this are far reaching, not just in terms of visitors to Pattaya but in terms of what the hotels offer local residents. Many of the hotels offer fantastic

The fact that a number of expats are coming here with their families suggests to me that Pattaya is still an up and coming destination.

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buffets overlooking the bay along with excellent conference facilities for the business community. This is just one factor that makes Pattaya an excellent place to come and live as well as do business. When you look around Pattaya you realise that there is so much on offer in the city. For example, anyone who enjoys a round of golf will appreciate the fantastic, championship standard courses that are available in the area. If you play on weekdays the green fees are very reasonable – especially in the low season. Challenging courses The courses are certainly challenging but can be appreciated by any golfer regardless of their ability. There are very few places in the world where you would have such a selection of courses in such close proximity. A number of golf societies are available throughout the city, offering greater discounts and the opportunity to meet new friends. Something else Pattaya has

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an abundance of is high quality, cosmopolitan restaurants. Every taste is catered for in the city. You can appreciate Iranian, French or Mexican food to name but a few. The restaurants range from low cost to high end so every budget is catered for without sacrificing too much on quality. When it comes to restaurants, Pattaya is competing with some of the major cities around the world and is just another reason to come here and appreciate what is on offer. If shopping is your thing Pattaya has everything that you desire. From up-market shopping malls such as Central Festival, small boutique shops to quaint markets, Pattaya has the lot. Shops cater for tourists and expats alike and are the perfect places to while away a few hours.

High standard Accommodation is improving all the time and I think is fair to say that it is now to a high standard. As mentioned before, we have the well known, international chains such as Hilton, Sheraton and Holiday Inn. These are ideal for people coming for short-term breaks but for those looking to stay that little bit longer, Pattaya has all you need. You only have to look around to see the quality condos that are being developed. 48•REm•Issue 149•10/2013

If shopping is your thing Pattaya has everything that you desire. From upmarket shopping malls such as Central Festival, small boutique shops to quaint markets, Pattaya has everything.

The Waterfront at Bali Hai and The Palm at Naklua are well under construction. These may be aiming at the top end of the market but there are many mid-range condos coming all the time in prime locations throughout the city. If you step into East Pattaya the there are some simply stunning houses and villages on offer such as the Vineyard and Greenfield Villas projects. All are built to European standards with every luxury included. The standard of properties available is up there with anywhere in Thailand, and perfect homes for people coming for the long-term, not to mention potential investors looking for rental returns. Just a few hours drive from Pattaya are the islands of Koh Samet, Koh Chang and Koh Kood. These are perfect destinations for people looking for a relax beach holiday, with many of the beaches comparable with any you find in Caribbean. These may not be places that you want to live but the fact that they are so close to Pattaya only enhances the attractiveness of the city as a longterm place to live. The weather in Pattaya is generally good throughout the year. Even during the rainy season we still see many hours of sunshine so people are rarely affected for long periods. There a few places that offer this sort

of year-round climate and something that anyone who likes a warmer climate will appreciate. After a long journey from many spots in the world, the last thing that you want is a long journey when you arrive in Thailand. Bangkok airport is now a little over an hour’s drive away with Highway 7 taking you direct into central Pattaya. For those travelling to or from other destinations, U Tapao International Airport is just a few minutes’ drive away. Everything is there for you to begin your stay in the perfect manner without the stresses involved in long transfers. Added bonus For those who appreciate city breaks, Bangkok is less than two hours away with everything that you would expect from a capital city. Beautiful temples, great shopping and anything else that you could dream of are here. Staying in Pattaya and travelling to Bangkok is an added bonus for those who would to experience this without the daily hustle and bustle. So when you take everything into account, does Pattaya still deserve the image that it has had, or has that been left behind long ago? I know where I would place my money. Until next time keep enjoying the Land of Smiles and keep appreciating the good points that Pattaya has to offer!

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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

Condos in Thailand: What’s going on – really?

here do we stand now according to people who should know? That’s the question I find myself asking after attending a press conference recently in Bangkok. The problem with sticking your mug out there and claiming to be some kind of expert or authority on the Thai property market is people never tell you when you’re wrong. For the past couple of years now, REm owner Dave Buckley has attached my face to a monthly column that has reported, predicted and pontificated upon the real estate market here. Because I have a certain amount of years-in-country and experience as a real estate investor a lot of folks think I know more than they do …

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By bart walters and that isn’t necessarily always the case. In fact, I’d consider my point of view somewhat myopic. I’m a buyer, renovator, landlord and seller. I am not a real estate agent, builder or developer. Credible opinion There are a whole lot of professionals out there with a much more credible opinion about what is currently happening in terms of real estate development here in Thailand. Last week I met one of them. On 13 September, the gracious public relations staff at Raimon Land in Bangkok held a press conference to explain the contents and findings contained in their 12th annual report “Condominium Focus” Thailand. This yearly report focuses mostly on high-

I got all warm and fuzzy every time the empirical data supported some market nuance I’d pointed out somewhere along the line.

end developments in Bangkok and Pattaya, Thailand’s most active markets. For those unfamiliar with the major players here, Raimon Land is a leading developer in Thailand and a Security Exchange Thailand (SET) listed company. Not only are they responsible for a wide array of condominium projects, they also count community malls, office buildings and serviced apartments among their assets. Currently they have several projects in Pattaya including Zire Wongamat and Unixx South Pattaya. In Bangkok they are delivering 185 Rajadamri, which is located on the last remaining plot of land on Rajadamri Road, and The Lofts Ekkamai. Three sensations The press conference was conducted by Simon Derville, Raimon’s deputy vicepresident for Business Development. He is certainly a much more credible source of information than yours truly. His hour-long presentation gave me three sensations. First, I got all warm and fuzzy every time the empirical data supported some market nuance I’d pointed out somewhere along the line. Second, he said quite a few things about the market I had never thought too much about and that I’m sure the average condo shopper doesn’t think about. Finally, I was shocked by his candour about what he predicts will happen to the Pattaya market in the coming years. Before we talk about the contents of the report, it is important to understand the methodology. The

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target audience is condo buyers, investors and industry observers. The purpose of the report is analysis of the global and domestic Thai economy as it relates to the property markets. The time period covered is from July 2012 to June 2013. In Bangkok, only listed developers and non-listed developers with a selling price of more than Bt100,000 per sqm are included. In Pattaya, all projects are included. The primary data comes from interviews, site visits and information directly from sources. Secondary data comes from analyst reports, government agencies, and the like. First Mr Derville’ gave a quick glance at some macroeconomic figures to checking the general health of the Thai economy. Under control Since the 2011 floods, Thailand has recovered quickly with GDP to grow 4-5 per cent in 2013. Inflation appears to be under control at 3 per cent in 2013 with the global average at 3.9 per cent. Interest rates remain relatively low and stable. Consumer confidence is high with the index at 81.6 in April 2013; up from 71 in 2011. The all-important tourism figures indicate arrivals are up 18.6 per cent from Q1 2012 to Q1 2013. The Thai economy appears to clicking along quite nicely … as we say in my home country; “firing on all cylinders”. As we went on to look at the Bangkok figures, one graphic really got my attention. When comparing the luxury real estate market in other major cities in Asia, Bangkok 54•REm•Issue 149•10/2013

Just as I was about to nod out from macroeconomic overload, our presenter decided to address the big white elephant that usually hangs around in every property pirates group discussions … ‘are we looking at another bubble?’

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is still a real bargain. Equivalent luxury condos in Beijing are twice as expensive and five times higher in Singapore. What’s more, investment yields in Bangkok range from 5- 7 per cent; superior to most other cities in the region. Because construction costs and land costs are up, we can expect prices in Bangkok to continue rising. We will experience classic “costpush” inflation. There is simply no reason for prices to go down. Just as I was about to nod out from macroeconomic overload, our presenter decided to address the big white elephant that usually hangs around in every property pirates group discussions … “are we looking at another bubble?” I’m sure he hears this question several times per week, and he seemed quite prepared to answer in great detail. Simon directed our attention to a graph that delineated condo units registered versus transferred. In the first quarter of 2013, the actual number of condos that transferred ownership was higher than those registered. According to the experts, this indicates “real” demand as opposed to the destructive “speculative” type. In other words, it’s not just “deal surfers”. According to Simon, industry leaders learned some tough lessons coming out of the 1997 financial crisis and implemented some safeguards against another crash. Lenders tightened access to capital for smaller, less reputable developers and raised downpayment requirements for consumer property borrowing.

Retail banks reserve ratios are also higher and central bank foreign reserves healthy, unlike 1997. The lending rate is 7 per cent vs 13 per cent in 1997 meaning debt holders are less exposed to economic downturn. Now, some developers are even raising minimum downpayments. So now it is a whole lot harder for the scourge of rampant speculation to artificially inflate prices. According to Simon Derville’, price increases are driven by the rising cost of developing superior quality condos, not interest rates. In 2012 only 1 per cent of housing loan holders possessed more than one mortgage. “These aren’t speculators,” says Simon. “They are first time home buyers.” He went on to point out a shift in homebuyer sentiment that began sometime in 2008. Through 2007, housing projects always represented a larger number of new housing registrations than condos. In 2008 condos took the top spot and have remained the preferred homeowner purchase. “When people freak out about the number of new condos being buil,” says Simon, “they don’t realise how much of it is just responding to demand.” Take-up rates Condo projects continue to sprout up along Bangkok’s mass transit arteries, the Skytrain (BTS) and the Subway (MRT). New projects are currently being planned for the extension of the Sukhumvit BTS lines at Bearing and also on the Silom line. Take-up rates for new launches for the year were high at 74 per cent average. Take-up

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of completed projects is extremely high at nearly 90 per cent. Simon appeared to be well armed with facts for the “bubble debate”. Observing the attending press members nodding their heads in agreement, he moved on to a related topic … “Are we oversupplied?” This was one of those moments when I got the warm and fuzzy feeling again because he confirmed something I’ve said for more than a year now. We are oversupplied with certain types of units. One bedroom units make up 80 per cent of all condos; too many people boxes. A pent-up demand for larger units has Raimon Land drawing up plans for larger luxury units. (So, I’ll be hanging on to my big condos in Jomtien.) When we got to the subject of Pattaya, Simon pointed out that the profile of buyers in Pattaya has changed significantly over the past year. Domestic demand from Thai buyers is up sharply; Bangkok people looking for that weekend getaway place. The foreign buyer profile has shifted away from Westerners to more Asians. Thai buyers Some 54 per cent of Raimon Land’s buyers are Thai, with Russians making up the largest segment of foreigners at 13 per cent. According to Simon, the fastest growing Asian markets for them are Japan and China. The arrival of Bangkok developers in Pattaya has played a major role in who is buying. When the big boys hit town, they come armed with a big thick book of 56•REm•Issue 149•10/2013

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I felt like an idiot. I mean … I’ve always known that’s how it works, but for some reason was in denial. Talking about launches that don’t get built in Pattaya is tantamount to insulting the royal family … you just don’t do it. But here he was, a guy who definitely understands the market, saying it is a natural thing for some buildings to never get off the ground. It was liberating to hear someone shoot it straight.

active investors, many of whom do not need financing. According to Simon, the big developers from Bangkok will put pressure on the local players who, up until now, have had free reign on the Chonburi Coast. What kind of projects they build and where they build them in the future could change drastically. When it comes to flinging up high rise towers, the major Bangkok players are certainly better equipped than Pattaya’s indigenous developers. They also have deeper pockets which will help them in securing the quickly disappearing plots of buildable beachfront property. Naturally, Simon had to address the “are we over supplied” question as it applies to Pattaya. Before he began I remember thinking how many project launch parties I’d been invited to in Pattaya this year. “How could we not be over-supplied?” I thought. This is when he dropped a bomb I don’t think anyone heard but me. He pointed out, as he had done for Bangkok, that Pattaya’s take-up rate of registered and completed units was quite high, indicating no over-supply. And then he said, “Besides, many of those condos will never be built”. I couldn’t believe my ears … did he actually say that? I gave him a look and he must have sensed how taken aback I was by his comment. He took a moment to explain what he meant. He linked this to the “we learned a lot of lessons in 1997” story and described a condo building that is launched but not built like it was a normal occurrence and on the list of

“safeguards” used by industry veteran’s to regulate supply. “If there aren’t enough pre-sales,” he said, “then they don’t even break ground”. I felt like an idiot. I mean … I’ve always known that’s how it works, but for some reason was in denial. Talking about launches that don’t get built in Pattaya is tantamount to insulting the royal family … you just don’t do it. But here he was, a guy who definitely understands the market, saying it is a natural thing for some buildings to never get off the ground. It was liberating to hear someone shoot it straight. Outlook relatively bright As we continued about Pattaya, Simon’s outlook was relatively a bright one. Rental yields are higher than Bangkok, averaging 7-8 per cent. Prices will remain stable with no dynamic changes and appear to represent accurate value. With waterfront properties scarce in North and Central Pattaya, more “sea view” properties like those on Pratumnak Hill will be built and the flurry of new activity in the Na Jomtien area should continue. Simon predicts more development inland in “urban areas” like Second and Third Road. Growing Thai demand and changing foreign demand profiles will encourage a continued shift to smaller, more affordable units. It appears the “people box” is here to stay in Pattaya. Thais want them as weekend getaways. Foreigners want them for shorter stays. A large number of units in the pipeline in Pattaya may retard price growth in the short to mid-term even

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though “real” demand is relatively strong. So, the old school notion of buying a unit and flipping it for a quick profit seems unlikely. Simon was quite candid with his opinion about Bangkok developers and their impact on the Pattaya market. “Local players will suffer,” he insisted. He cited the Bangkok boys advantages in funding, development expertise and brand power. His prediction was a “modest restructuring and or consolidation, resulting in higher quality projects”. Wow … first he drops the “they’re not all going to get built” bomb, and then he makes it sound like they are going to run all our beloved local developers out of town at sundown! At the end of his presentation, I asked him about this. I asked: “Simon … you said that some Pattaya launches won’t get built, and you also said the local developers would suffer from the arrival of the Bangkok developers. Do you link those two things together? Are you saying that the Bangkok invasion will cripple some local developer’s projects?” (In college, I majored in Loaded Questions). Simon said it was inevitable that the prevailing local developers would feel “pressure” and did not elaborate. Little stunned With the press conference concluded and refreshments served, I was still a little stunned by some of the things I had heard with regard to this company’s vision of Pattaya. I agreed with most of the things Mr Derville had said. But, I’m not so 58•REm•Issue 149•10/2013

Simon’s recommendation to prospective condo buyers in Pattaya is “do your own research and know your developer”. They should print T-shirts with that statement on it and hand them out in Pattaya.

’’

sure his opinion about local Pattaya property players “suffering” is entirely objective. Raimon Land has a couple of competitive projects going on in Pattaya right now, so we should expect him to beat his chest a little. In my personal opinion, the short vertical command structure of the good Pattaya development companies allow them to change directions and adapt to market trends much better than the top-heavy Bangkok developers. Pattaya’s projects have proven to be quite resilient. I’ve seen developers change the configuration of a building overnight to meet market demands. Many local developers are concentrating on low-rise projects which can go from pre-sales to title transfer in less than two years. Nova Group and Tulip are hoteliers that fill their coffers with tourist money every day. Quite a few of Pattaya’s developers are more diversified and have deeper pockets than the Bangkokians may realise. Simon may be right, some consolidation may occur, and some local players may forfeit their share of the high-rise market to Bangkok big

boys like Ramon Land, Q House and Sansiri. But they should not expect the current kings of Bangkok Beach to go quietly or entirely. One thing’s for sure; with so many developers in town chasing investor’s cash, we consumers are blessed with a wide variety of projects and fiercely competitive pricing. Continued development If you believe in all the charts and graphs and analysis (and I do), Raimon Land’s indications are that both Bangkok and Pattaya’s condo markets continue to develop and morph. Prices in Bangkok will continue to rise and will remain stable in Pattaya. Demand and take-up rates appear to be sufficient to make sure “inventory” doesn’t stay inventory for long. Simon’s recommendation to prospective condo buyers in Pattaya is “do your own research and know your developer”. They should print T-shirts with that statement on it and hand them out in Pattaya. You can start with Raimon Land’s Condo Focus 2013 on their website (www.raimonland.com/ raimonland2013/). Look for it on the Market Research menu.

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

SPECIALFEATURE

M&S make own luck

Photographs on these pages are courtesy of Peter Kraemer (yellow edges); Chaianan Rohloff (black edges) and Staff Photographer (white edges).

Friday the 13th did not prove unlucky for those of the Moving & Shaking persuasion who were back in Pattaya in the middle of last month at the Holiday Inn. The beer didn’t run out, the company was convivial and the food was spot on! M&S lead sponsors Kingdom Property opened a few eyes – and “windows” – with their fun picture backdrop seen left depicting their Southpoint Pattaya property. Other sponsors who contributed to the fun were Heineken beer, Bartercard and Holiday Inn, itself. While REm was going to the printers another Bangkok event was due to be held on the 27th of September at the Summit on the 25th floor of the Hilton, Sukhumvit. More in next issue.

60•REm•Issue 149•10/2013

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

newsREPORT

Positive response to property show Local developers and realtors have welcomed the new Pattaya Property Show, with several leading companies already confirmed. More than 65 per cent of the space has been allocated in the first three weeks since the event was launched. The 1st Pattaya Property Show is being organised by Exact Trading Company and will take place at the award-winning five-star Hilton Pattaya on January 9-12 next year. Aimed at tourists, expats and locals, the dates coincide with one of the busiest periods when the city will be full during the high season period. Mike Bridge, one of the organisers said: “Having carefully researched the market, we felt that now was the time to put together a professionally run exhibition in the centre of Pattaya to showcase local real estate. It would seem that this has been endorsed by many of the leading developers and realtors, who have now taken space at the Hilton next January.” Exhibitors already on board include Kingdom Property, Universal

62•REm•Issue 149•10/2013

Group, Riviera, A+ Property, Compass, Ocean Residential, Powerhouse, Siam Royal View, The Urban, The Ville and Beachfront Properties. Ubonjitr Thamchop (Khun Min), marketing manager at the Riviera Wongamat, said: “It’s such great news that finally Pattaya City will have its own Property Show and we are looking forward to be a part of this event.” The show’s media partners are Property Report, Pattaya Condo & House Guide, Russian Real Estate Thailand magazine, Pattaya Today and this magazine Real Estate Magazine Thailand. Terry Blackburn, CEO at Ensign

The event will be staged in the spacious pre-function room next to the ballroom at the Hilton Pattaya.

Media, said: “We have been covering the Eastern Seaboard market for a long time in the pages of Property Report, so we are thrilled that the first Pattaya Property Show looks like it will be so successful. “Pattaya has been the fastest growing resort market in Thailand for the last couple of years, so I'm sure the show will serve to highlight the diverse range of investment options that are available there.” A comprehensive public relations and marketing campaign has already begun to encourage buyers and investors to attend. This consumer exhibition will showcase new developments including condominiums, villas and town houses around the city and from other regions in Thailand. The show’s dedicated website www.pattayapropertyshow.com is available in three languages, Thai, English and Russian. The organisers are expecting to attract more than 3,500 investors and buyers over the three-and-a-half-day event.

broker & developer directory

This is an architectâ&#x20AC;&#x2122;s rendering of how The Riviera development planned for Wongamat will look from the rear. See cover story on 12-13.

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 • 09-10/2013 • Issues 148 and 149

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

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Coastal Real Estate Office 1: 216/62 M10, Soi 13 (Soi Diana next to Mega-Break) T: +66 (0)38 421 580 Office 2: 426/1 M12, Jomtien Beach T: +66 (0)38 231 443 M: +66 (0)81 269 0742 E: info@coastalrealestatepattaya.com W: coastalrealestatepattaya.com Principal: Kevin Mattson

Colliers International Thailand 519/4-5 Second Road, opposite Central Festival, Pattaya Beach T: +66 (0)38 427 771 F: +66 (0)38 427 772 M: +66 (0)85 2828 120 E: info.pattaya@colliers.com or mark.bowling@colliers.com W: colliers.co.th Principal: Mark Bowling Memberships: RICS

AGENTS DIRECTORY • 09-10/2013 • Issues 148 and 149

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 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) Homes Direct Asia 99/34 Soi Khao Noi T: +66 (0)38 068 956 F: +66 (0)38 068 957 M: +66 (0)811 429 0111 or 0890 160 077 E: info@homesdirect.asia W: homesdirect.asia Principal: Matt O’Sullivan 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

Jones Lang LaSalle Thappraya Road, near Hanuman Statue Services: property sales and leasing; property management; consultancy; project management; and valuation T: +66 (0)38 252 588 E: Tim.Gladwin@ap.jll.com W: joneslanglasalle.co.th W: jllresidential.in.th Principal: Tim Gladwin

a g e n t s 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 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 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 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)

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.

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

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

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) 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;˘ 09-10/2013 â&#x20AC;˘ Issues 148 and 149

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

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

June Bernard +66(0)38 059 635 info@powerhousepropertiesltd.com www.powerhousepropertiesltd.com

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-

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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 • 09-10/2013 • Issues 148 and 149

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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developers directory

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

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

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DEVELOPERS DIRECTORY • 09-10/2013 • Issues 148 and 149

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

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, Nam Talay and Serenity Wongamat 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 Projects: Patta Village and Patta Town T&F: +66 (0)38 371 555 E: info@poompattapattaya.com W: poompattapattaya.com

DEVELOPERS DIRECTORY • 09-10/2013 • Issues 148 and 149

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 and Golden Tulip Hotel & Residence (both 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), VI (The Feelture), VII (Del Mare) 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 Road Nongprue, Banglamung, Chonburi 20150 Projects: Seven Seas and Savanna Sands T: +66 (0)38 074 625 E: universalplus@ymail.com W: universal-thailand.com Principal: Sonia Punjabi

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