Description:

Southpoint Condo for Sale Pattaya - PRATUMNAK
For Immediate Release 27 March, 2013 BANGKOK, THAILAND: Thailand real estate developer, Kingdom Property, has sold its entire The Suites Tower in its twin-tower South point Pattaya project to a local Thai investor who will develop the 224-unit building into internationally managed serviced residences.
 
Kingdom Property Co., Ltd. under the leadership of Mr. Nigel Cornick, the driving force behind Northshore and Northpoint condominium, the most iconic buildings in Pattaya. When ex-Raimon Land CEO Nigel Cornick announced his new development vehicle Kingdom Property had secured finance from the Krung Thai Bank.The Kingdom Property’s newest development called “SOUTHPOINT PATTAYA”, comprising 2 high rise towers; 30 storey (Tower A, Condominium, 431 units) and 20 storey (Tower B, Service suites, 224 units) on a 4 rai freehold plot on a lush green slope of Pratumnak Hill, just south of Bali Hai in Pattaya City. It is within walking distance of the prestigious Royal Varuna Yacht Club and has stunning views over a beautiful clear stretch of the Golf of Thailand towards Koh Larn. A choice of wide studios (30 sq.m.), functional 1 bedroom (41-76 sq.m.) and exclusive 2 bedroom (61-97 sq.m.).
 
The project offers a diverse range of luxury facilities including an infinity edge pool, extensive sun deck and sky garden, children pool and playground, steam and sauna (Spa) and concierge-service. The project has been designed and will be built by a world-class development team. Project Designers are Stephen O'Dell of SODA and Colin K. Okashimo (CKOA). Project Architects are The Beaumont Partnership.Construction will be undertaken by Bouygues Thai and Structure Engineering and MEP will be handled by Meinhardt (Thailand). This will ensure a high level of creativity and a quality.
 
Interest in Southpoint has been strong since its Environmental Impact Assessment (EIA) approval in November last year and ahead of the opening of its Sales Gallery and Show Suites in April, with top buyers coming from Thailand, Japan, China and Russia.The sale is indicative of not only the strength of the destination with the booming Eastern Seaboard manufacturing zones nearby, but of a healthy tourism industry where over eight million hotel guests were registered last year."Pattaya has very strong fundamentals as a destination offering an attractive investment proposition, superb access and infrastructure as well as an enviable lifestyle with sailing, golf, waterparks, shopping and dining as key
 
Southpoint Pattaya is located a short distance south of Bali Hai in Pattaya City, on an elevated site on Pratumnak Hill, offering extensive sea views and within walking distance of the Royal Varuna Yacht Club. The THB2.5 billion-valued development is on a four rai freehold plot and will be completed in 2015.
 
Unit sizes start from :
 
- studios 30sqm
 
- one-bedroom 41sqm - 87sqm
 
- two-bedroom 61sqm - 97sqm.
 
The condominium includes :
 
 - dedicated sky deck in each tower
 
 - infinity edge lap pool
 
- fitness center along with a landscaped family zone featuring a children's pool
 
- playground.
 
The project is led by Nigel Cornick, and supported by a strong development team including SODA(design), The Beaumont Partnership (master planning), Colin K. Okashimo and Associates (landscape) and Meinhardt (MEP and structural engineering) ensuring Southpoint will be of the highest quality and delivered on time to all original specifications.
 
Prices range from THB70,000 to THB120,000 per square metre.
 
PRICE LIST FOR THAI & FOREIGN QUOTA



 



Units


Type


Size (Sq.m)


    Floor


Available Units


Unit price (Mil.THB)




Studio


S1, S2, S3


30


4 - 23


131


2.1 - 3.5




1 Bedroom


1A, 1B
1C
 1E
1F


41
49
 76
87


4 - 23
16 - 23
 17
21


95
5
 1
1


3 - 4.9
 5 – 5.8
 8.6
9.2




2 Bedrooms


2A
2B
2C
 2F


61
61
71
 97


4 - 22
4 - 16
16 - 23
 17 - 21


10
10
4
 4


5.7 – 7.6
5.5 – 6.8
8.5 – 9.0
 9.3 - 11.6








TERM OF PAYMENT


Thai


Foreign




Booking Fee


THB 50,000.-   


THB 50,000.-




Signing Contract Fee


10% of unit price within 15 days


20% of unit price within 15 days




Installments (30 months): 5th, 25th of every month. Starting the month after the Contract Fee


20% of unit price


30% of unit price




Balance: On transfer of ownership
(Less booking fee)


70% of unit price


50% of unit price




 
Price starting from 2,149,875.00 THB
 
Pattaya Property News reporter Rod McNeil meets Nigel Cornick, CEO of Kindom Property Co., Ltd, developer of Southpoint in Pratumnak at a modern condo in the Northpoint Tower build by Raimonland. A high end property developing company of which Nigel Cornick was the CEO at the time Northpoint was developed.