A condominium and hotel project in Pattaya, the Centara Grand Residence at Na Jomtien has had a dramatic start to its sales launch.
Sales have been recorded from both Thai and foreign buyers who have been quick to move on the resort city’s newest project.
At the project’s gala launch party in February, buyers signed up for THB110 million (US$3.63 million) in units. A further THB50 million (US$1.65 million) in sales were recorded the week after the launch and another THB200 million (US$6.6 million) at a sales event in Bangkok within the past two weeks. Altogether the THB6 billion (US$198.24 million) project has recorded over THB900 million (US$29.7 million) in sales.
The project is being undertaken by the Tulip Group, the name behind several other high-end developments in Pattaya.
Tulip Group CEO, Kobi Elbaz says the Centara Grand Residence is meeting the increased demand for higher quality in Pattaya.
“Pattaya is ready for this type of high-end project”, he said. “Our sales demonstrate that people are now looking for luxury in Pattaya. The association with a well known name in Thailand, Centara, also adds to people’s confidence in the project.”
The 3 tower mixed-use project will feature 283 residential units and a 200 room hotel managed by Centara Hotels & Resorts.
Centara Grand Residence, to be completed within three years, will cover 20 rai and will have 150 meters beach frontage along with 20,000 square meters of landscaping and public areas.
The Tulip Group has several other Pattaya projects under its umbrella including the Waterfront on the edge of the resort city, Centara Grand Pattaya, the Centara Avenue Residence & Suites, The Cliff, Amari Residences and several other projects, all in prime locations.
CB Richard Ellis has sole agency for the Centara Grand Residence project.
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