Riviera Group invested 3.8 billion baht to develop The Riviera Jomtien, confident Pattaya property market to grow as targeted

Real Estate Press Releases Monday March 7, 2016 11:10
Bangkok--7 Mar--Inspire Communications

Riviera Group, a leading developer in Pattaya, launched the luxury high-end condominium "The Riviera Jomtien", a new landmark of Jomtien, exclusively developed under the concept of "Born to be glamorous" set elegantly on over a 6-rai land plot, a 46-storey building comprising 1,095 units with a dramatic 360 degree panoramic view of Pattaya city and only a 5-minute walk to Jomtien Beach with a total investment of over 3.8 million baht. "The Riviera Jomtien" now gets Environmental Impact Assessment (EIA) permit and will start its construction by March 2016 and expected to be completed by 2018.

Mr. Winston Gale, Management and Owner of Riviera Group, said: "I'm so delighted that "The Rivera Jomtien" has extremely caught interest from customers guaranteed by a 66%-booking unit while at the same time attracting both Thai and foreign investors. The major strengths that significantly influence consumer purchasing decision are its prime location which offers a scenic view of Jomtien Beach and only a-5minute walk to the beach, an exceptional interior design, well-selected luxury and quality furniture, plus a full range of facilities. First and foremost, it offers a competitive price, 40% cheaper than other neighboring high-end beach-front projects, which is definitely worth the investment. In addition, we also give importance to every processes, starting from sales gallery visit, particularly a 50-million baht showroom of "The Riviera Jomtien" to allow customers to truly acknowledge and experience the concept of "Born to be glamorous" to emphasize the distinctive points of the project in terms of architecture and design. For the past achievements, Riviera Group won "The Best Condominium on the Eastern Seaboard" from the Thailand Property Awards.

Recently, "The Rivera Jomtien" has succeeded to obtain EIA approval. The outstanding and selling points of this project is its unique, modern, and sophisticated design which comes from me and the quality architect team and it will soon become a new landmark of Jomtien. When combining with the most rapidly expanding potential location in Pattaya, "The Riviera Jomtien" has attracted a huge number of customers who are looking for residential units as well as investors. Sitting on a prime location coupled with unrivalled quality and comprehensive facilities, "The Riviera Jomtien" can meet the needs of residents perfectly."

""The Riviera Jomtien" nestled on over 6 rai areas – dividing into a 2-rai indoor land plot and a 4-rai outdoor land plot, comprises a total of 1,095 units – dividing into 1,072 residential units and 23 commercial units, available in different sizes ranging from 22-110 square meters. There are four types of rooms available including 275 studio units, 733 one-bedroom units, 63 two-bedroom units and 4 duplex units priced starting from 2.2-26 million baht per unit.

Over 80 percent of the residential units offer a breathtaking panoramic view of Pattaya city and a direct road leading from the project to the beach, just a 2-minute walk. In addition, it is outstandingly equipped with high-end facilities such as high-speed lifts, a 310-car parking lot, playground, convenient stores, 24-hour security, WIFI, a large pool and decking areas on the 37th floor and an infinity edge sky pool on the 42nd floor, providing a dramatic 360 degree panoramic view. The entire 42nd floor is dedicated to leisure and recreation activities including Sala, a large sky lounge, a fully equipped, state-of-the-art gym and fitness center, gardens, jacuzzi, BBQ area and a tranquil zone to admire the stunting scene of sunset. In addition, this high-end project also offers residents accessible routes which make it easy to travel to Pattaya city or Sukhumvit Road in just a few minutes.

Although a growing number of expats is living in Pattaya, the majority of customers (about 60%) who booked and purchased the unit of The Riveria Group, are Thais. Regarding property market outlook in Pattaya, I still see the growth although in the past few years we have faced the weakened ruble issue that caused Russian investors to urgently sell their properties; however, it's just a minority of them. This year, we see a higher growth in a number of tourists and Chinese investors making their way into Pattaya. So it can be forecasted that the real estate market in Pattaya will be bustling due to heavily influx of Chinese investors," Mr. Gale concluded.

To celebrate our outstanding success and to give something back to our customers, the Group kicked off "The Riviera Jomtien – Glamorous Celebration Party", a luxury red carpet themed party, joined by 'Lookked' Metinee Kingpayome, the Group's Brand Ambassador coupled with fun-packed activities including fashion show, bartender show and mini concert by ICE Sarunyu. The highlight of the event was the presentation of 'Mercedes-Benz SLK 200' to our lucky customer – Mr. Pratuang Pongthet.

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