Apartment/Flat Description
Jomtien Resort Apartments Thailand
1 Bedroom Pool View Apartment in Thailand
A great deal of thought has been put into the design of this Jomtien development, offering owners a deluxe condominium in an exclusive location.
The project combines the luxuries of a resort within a sophisticated city environment. The development has four modern buildings, offering a variety of one or two bedroom apartments with accesss to the 1600sq m lagoon swimming pool, which has a central island, bar & restaurant. Residents also have the benefit of 24/7 reception, a gymnasium and parking.
This project is situated within walking distance of Jomtien beach, only 600m to Sukhumvit Road and within five minutes of some of the regions finest restaurants, shopping centres and entertainment.
Pattaya is a strategic location, only one hour from the new Bangkok $4billion International Airport and less than two hours drive from Bangkok itself. It is estimated that after the completion of the new motorway which is currently under construction, this journey will be reduced to 90 minutes. This will add to the general regeneration of the property and tourism sectors which is currently seeing a rising demand for residential units. It has been noted that there appears to be a changing trend with more demand for apartments and villas rather than hotel accommodation. The developer is also estimating capital growth at an annual rate of 15%.
This project is being launched at a superb price, estimated to be 25% below the market rate. Located on the east coast of Thailand, Pattaya is known as the Thai Riviera and is regarded as one of Asia's top beach resorts. It caters for all types of tourists, family groups, single travellers and those looking to dive and explore the islands and shiprecks in the area. There are white sand urban beaches with sports facilities all just metres away from bars & restaurants. There are also twenty inernational standard golf courses within an hour of Pattaya. Other attractions include temples, zoos, horse riding and other leisure facilities.Pattya's location on Thailand's coast to the east of Bangkok means it does not suffer from adverse weather conditions or monsoons. This means the development offers a year round resort.
The developer has analysed reports and information for the region including those conducted by Raimon Land & Jones Lang Lasalle and now expects condominiums such as this to generate an average annual rental yield of 12%. The Developer provides a property management company which offers a comprehensive property management service with a choice of three management options, to enable the maximum rental potential to be earned from investment in their projects. In addition they have a commitment to the resale of the apartments on completion, which will be via on-site operations managing internet site and membership to an established network of
real estate companies within Thailand. The avaialbility of 49% foreign freehold allows direct foreign ownership of units which is a rarity in the Thai property market.
2006 saw international tourist arrivals reach 13.4million with the Tourism Authority of Thailand (TAT) projecting continued strong growth of 7% for 2007, calculating a total of 14.8 million arrivals. The tourism market has experienced a dramatic change to normal trends, witnessing a substiantial increase in longer term rentals. Thailand is already a known tourist destination and is recognised as a preferred location in Asia to buy a second home. The costs of flying to Asia have become more affordable with the growth of low cost carriers in the market.
