Things may have seemed relatively quiet in recent months with regards to the launch of new luxury real estate projects in Pattaya but it seems Winston Gale, founder and co-developer of The Palm has been very busy. With only 29 units left at The Palm, where does this successful developer go next for a follow up high profile project?
Well, it would appear not too far away - the same location as The Palm in upscale Wongamat to be precise. The desirable beaches of Wongamat will soon be seeing the launch of another quality high-rise development close to similar projects such as Zire, Northpoint, Ban Plai Haad as well as the well known hotels Centara Grand Mirage and Pullman Hotel G.
Sitting on 8 Rai of land directly opposite Ananya,‘The Riviera’ as it is officially called, will consist of 980 units in two separate 43 and 40 storey buildings. The project, with an estimated value of 3.2 billion baht, already has EIA planning underway.
Following on from their success at The Palm, Winston Gale stated, “We are very happy to be working with CBRE again who will be heading the sales team as sole agents and we believe the Wongamat area is ready once again for this kind of product in such a strong location.”
Winston, along with his Investment partners, is driving the project forward under a new company called “Riviera Group”, having used what was described to us as an award winning team of architects and designers.
Clearly the lack-of recent releases in Wongamat over the last 12 months makes ‘The Riviera’ an interesting launch in itself, as demand for Wongamat property is historically strong.
Winston confirmed units ranging from 27sqm studios to 134sqm 3 bedrooms units, and with prices averaging around the 85,000 THB per sqm region, this will certainly make this project a very attractive proposition for investors, given the location and green area features we were told about.
“Our on-site showroom is expected to be open and ready to launch the project in October and will have strong features including an 8 storey high viewing platform, a 60 metre pool area and 4 show suites demonstrating units from both towers”.