Pattaya Daily Update - Pattaya Property News: Centara Grand Residence in Pattaya launches with strong sales
The continued demand for luxury property in Pattaya was confirmed this weekend with the sales launch of the Centara Grand Residence.
Thai and foreign buyers purchased 55 of the 238 units within 48 hours. The three-tower Centara Grand Residence, to be completed within three years, will cover 20 rai and will have 150 meters of beach frontage as well as 20,000 square meters of landscaping and public areas for residents.
Units start at 5 million baht (US$160,000), according to the agent website CBRE.com.
The project owner, the Tulip Group, said it was thrilled with the launch, undertaken by CB Richard Ellis at the Centara Grand and Bangkok Convention Centre at CentralWorld.
“This is green luxury on a grand scale,” said Tulip Group CEO Kobi Elbaz, “and the initial response from investors is undoubted proof that Pattaya is more than ready for this type of high-end project”.
Suthikiati Chirathivat, chairman of Central Plaza Hotel Public Co., Ltd described the project as “one of the most beautiful property developments” he had ever seen in Thailand.
The mixed-use project will also include a 200-room Centara Grand Hotel at Pattaya’s Na Jomtien Beach.
Story from: www.property-report.com
