Kingdom Property CEO Nigel Cornick Addresses Inaugural Pattaya Property
KINGDOM PROPERTY JOINS LEADING INDUSTRY ORGANISATIONS AT INAUGURAL PATTAYA PROPERTY OUTLOOK FORUM
BANGKOK, THAILAND : Kingdom Property recently joined key private and public sector organisations in the inaugural Pattaya Property Outlook Forum organized by the Agency for Real Estate Affairs (AREA) and the Eastern Seaboard chapter of the Real Estate Broker Association.
Pattaya Forum: South Pattaya and in particular Pratumnak are emerging as Pattaya's most sought after new residential districts, the AREA seminar heard.
The event was opened by the Deputy Mayor of Pattaya, who revealed a number of long-term environmental improvements for the destination including a new reservoir, assisting water supply, a massive garbage incineration facility and a waste-water plant capable of handling 130,000 cubic meters per day.
AREA President Dr Sopon Pornchokchai presented new research highlighting the strong growth of real estate in Pattaya since 2008 propelling the destination to become "the second city in Thailand" - with a stronger and more valuable property industry that another other city in the country.
With Jomtien and Pratumnak featured as the most popular real estate locations, Kingdom Property Chief Executive Officer Nigel Cornick, who was invited to share his expertise having been involved in real estate development in Pattaya for the last decade, added that there was a real buzz about the destination again.
There is no doubt about it but there is a boom in real estate in Pattaya, particularly in the THB3-7 million price range. Tourism numbers are increasing. Just look at India. Plus there's the Eastern Seaboard, which is growing and bringing new property buyers, such as from Japan.
"There are great opportunities here but for me it is important to focus on quality. And that's not about gold taps but construction materials that last and that are low maintenance. This is what we did with Northshore and Northpoint and it is what we continue to believe in. Combine this with good design and location, ideally with views, and Pattaya still offers great value for buyers."
Kingdom Property is poised to launch its Southpoint project, a two tower 650-unit development on a four rai site on Pratunmak Hill, a prestigious, private, quiet and green location near the Royal Varuna Yacht Club, having recently secured a loan from Krung Thai Bank. The project is valued at THB2 billion.
About Kingdom Property. Kingdom Property was established in 1994 as a property services company. In 2009 Nigel J. Cornick acquired a shareholding in the company with the intent to use his extensive real estate experience to invest directly into development opportunities of which Southpoint in Pattaya is the first condominium project.