Pattaya Daily Update - Property News Update Pattaya: Tulip Group unveils most luxurious development in Pattaya to-date

Pattaya Daily Update - Property News Update Pattaya: Tulip Group unveils most luxurious development in Pattaya to-date

Leading developer in Thailand, the Tulip Group, led by its CEO, Mr. Kobi Elbaz, officially unveiled its latest world-class Centara Grand Resort & Residence project at a recent launch party in Pattaya.

Seen toasting to the project’s success were from left: Jason Payne, Tulip Group’s VP for Sales & Marketing, Kobi Elbaz, Bundit Sirithunyhong, Managing Director of Suttangrak Pattaya Co., Ltd., HE Mr. Itzhak Shoham, Israeli Ambassador to Thailand, Khunying Rose Boribalburibhand and Itthiphol Kunplome, Mayor of Pattaya.

Located on 20 rai (3 hectares) of much-sought after beachfront plot of land on Jomtien Beach, the new five-star hotel and residential development will consist of three towers, one of which will contain the 250-room Centara Grand Resort. The other two towers, the Centara Grand Residence, will consist of 283 luxurious apartment units, of which CB Richard Ellis has been appointed as the sole sales agent.

For further information, please contact Tulip Group: Tel: +66(0) 38 959 180
Jason Payne, Vice President E-mail: Jason@tulipgroup.co.th

or GHC Asia Limited: Tel: +66 (0) 2357 1183
Chutinun Guna-Tilaka E-mail: chutinun.guna-tilaka@ghcasia.com
Piyapatr Suriyasak E-mail: piyapatr.suriyasak@ghcasia.com

Story from: www.pattayaEmagazine.com

Property News Pattaya: Centara Grand Pattaya illuminates Jomtien Beach

With Pattaya at the forefront of gentrification, developers are not wasting any time to metamorphose this caterpillar of a city into a beautiful butterfly. The Tulip Group recently launched the Centara Grand Residence, Pattaya’s very first and only five-star branded condominium on Jomtien Beach. With the THB200 million (US$6.47 million) showrooms that include Fendi sheets and crystal chandeliers, the developers granted potential buyers a sneak preview of what the 283 private residencies could emanate with buyers’ own individualized specifications.

The Centara Grand Resort and Spa Jomtien will comprise of 200 rooms for guests while residents of the Centara Grand residence will have direct and immediate access to all of the hotel’s facilities such as state-of-the art fitness center and Spa Cenvaree. Founded in 2002, the Tulip Group’s CEO, Kobi Elbaz with partner Rony Fineman of the Nova Group Thailand have been developing luxury condominiums in both Bangkok and Pattaya. Past projects include The Cliff, Amari Residence Pattaya, and Novana Residence. The Centara Grand Pattaya is being developed under the Tulip Group Brand.

Aliwassa Pathnadabutr, managing director of CBRE Thailand said, “Most clients like the five-star and beachfront units. Some people think [Centara Grand Residence] is too far form downtown Pattaya, while others like the privacy.”

The THB2 billion (US$64.74 million) project will break ground in July 2012. With an expected three-year construction period, the Centara Grand Residence has already sold 62 units in the first tower. While competing five-star residencies are over THB200,000 (US$6,474) per psm, the units range in THB110,000 to THB150,000 (US$3,561-4,855) per psm and THB177,000 to THB200,000 (US$5,730-6,474) per psm for the penthouse.

The 20-rai plot of land located on pristine beachfront property is drawing European and American buyers based in Asia. “The key selling point to Thai buyers is that the Centara Grand Pattaya is the first, five-star branded serviced condominium in the area. After the flooding this past year, more people are looking to purchase condominiums in Bangkok and nearby provinces,” Pathnadabutr added.

Story from: www.pattayaEmagazine.com

Pattaya Daily Update - Pattaya Property News: Centara Grand Residence in Pattaya launches with strong sales

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