Raimon Land acquired a 6 rai site in Pattaya in August 2007 which it intends to develop under ‘The Lofts’ brand. Already well established in Bangkok, The Lofts concept will now be available to Pattaya residents in search of modern urban design and functionality at affordable prices. The Lofts Southshore will combine traditional notions of resort living with a modern urban lifestyle, offering a variety of views towards the sea, city and waterland within easy access to all that central Pattaya has to offer. The Lofts Southshore launched in July 2008 and will be completed in June 2012.
Launch Date : 17 Jul 2008
Raimon Land Continues Successful Concept With The Launch Of The Lofts Southshore in Central Pattaya ShareThis
PATTAYA, July 17, 2008, Luxury condominium developer, Raimon Land, has launched The Lofts Southshore in Pattaya, bringing Bangkok’s well-established “The Lofts” lifestyle concept of providing a quality modern urban design and functionality at an affordable price to the Kingdom’s most popular beach resort.
The Lofts Southshore site is perched on a hillside in the Khao Pratamnak area overlooking Pattaya Bay, and offers stunning 360-degree views of the sea, Pattaya City and surrounding area just minutes from downtown and the beach.
At the quick pace that investors are buying new condominiums coming onto the market in Pattaya, The Lofts Southshore is certain to attract plenty of interest from smart investors.
Raimon Land Chief Executive Officer, Nigel Cornick, said: “The Lofts Southshore is a high-quality, affordable development that combines traditional notions of resort living with a modern urban lifestyle. It provides unrivalled facilities at affordable prices with the potential of returning strong capital gains and high rental yields, especially for those who get in early.
“I am quite confident that those who purchase these condominiums off-plan will enjoy significant gains on their investment for years to come.”
With prices starting at THB 2.9 million, The Lofts Southshore condominiums range from 33-square-metre (sqm) studios to one-, two- and three-bedroom units between 58-169 sqm. Duplexes are also available as are spacious 282-308 sqm penthouses with private gardens. Construction will start in the fourth quarter of 2008 and the project will be completed by 2011.
Raimon Land conducted the grand opening of The Lofts Southshore show suites on July 17 at The Avenue Pattaya, followed by an evening celebration at the developer’s Northpoint project.
Mr Cornick also pointed to Raimon Land’s 187-unit Northshore project, which was launched in 2004 and sold out before its completion in 2006.
“Northshore was our first project in Pattaya and we have seen values increase by 70% to 80%. It also set a benchmark for the Pattaya market with a resale in January this year for a seafront unit that fetched THB180,000 per square metre,” he said.
“The reason for the increasing rates is largely due to a very limited supply of high-quality condominiums. Prices are set to continue to rise, and no more than 1,000 to 1,200 units that have currently broken ground will be completed over the next three years,” Mr Cornick said.
Pattaya’s strong performance as a luxury property destination is also being fuelled by sustainable economic expansion along the eastern seaboard, with a gross domestic product growing faster than any other region in Thailand, and the beach resort destination is at its core.
Mr Cornick added that high rental yields could also be achieved as exhibited at Northshore, where 8-10% yields are already being realised and future capital gains are expected to be handsome. He noted that early buyers realising high returns would not have achieved them anywhere else in the country.
For more information and registration, please visit www.theloftssouthshore.com