AP-Thailandâ€™s New Pattaya Condo

November 22, 2013

AP-Thailand’s new South Pattaya COO - South Pattaya is focused on tourism for the ‘eastern seaboard’ market region and is aiming at property sales of 30-40% within the first 3-months of launching in the CBD.

Pattaya, November 20, 2013 [PDN]: – At the sales office of AP-Thailand’s COO South Pattaya Condominium on South Pattaya Road, Mr. Witkarn Chanwimon, (the Vice Deputy Managing Director of Marketing), released a press statement. He revealed that AP-Thailand Co. Ltd. was the developer of condominium projects in Bangkok for more than 20-years, but now had launched the COO South Pattaya Condominium project in response to new lifestyles, as the real estate sector in the region was continuously growing in this very new and strong direction.

This COO South Pattaya Condominium will be an 8-storey residential building including 476-units on a 5-rai (3,000 square metre) area, in the centre of the business district in South Pattaya. The budget was around 818-million Thai baht and the condominium is focused on comfort and convenience, being near Sukhumvit Road in Pattaya, but located within an amenities area.

Mr. Wittaya said that Pattaya is the tourism hub of the Eastern Seaboard region, with a highly competitive ability, so there were many projects that had progressed significantly. This investment of COO South Pattaya gave them a market share and would support the future growth of the city after the AEC has opened. Target customers were divided into Thai and foreigners, at the ratio of 90:10, but in the future they would do more studies to expand overseas customers and increase their customer base.

This new COO South Pattaya project will start the construction phase in July 2014 and it is expected to be completed by November 2015, with the project marketing to be accelerated by a focus on local media. This will increase to create awareness and this target was set so that in 3-4 months after the sales launch, they hope that the sales rate will be about 30-40% according to AP standards. Despite a few gloomy predictions over the years, the Pattaya property market just keeps on growing and growing, so it has been very good for owners and investors alike.