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Pattaya Real Estate Market Updates

The Grande Caribbean Condo Resort in the Thai coastal city of Pattaya

The Grande Caribbean Condo Resort in the Thai coastal city of Pattaya recently achieved an 80 percent sales record, although the THB1.6 billion (USD 49.3 million) complex will not open its doors until 2015.

Located on Thappraya Road, owners will be a stone’s throw away from the best attractions and entertainment the city has to offer. Grande Caribbean’s 24-hour public transit will give owners a greater opportunity to explore shops and restaurants as well as Jomtien beach.

The Blue Sky project, which launched in Q2 2012, is composed of four low-rise buildings that reach eight stories and one high-rise building that reaches 30 stories. Each low-rise building is named after different Caribbean islands (Antigua, Barbados, Curacao and Dominic) and the high-rise building has been named The Cruz.

Onsite amenities include a 2,000 sqm pool and a tropical waterfall grotto. The Cruz also functions as a common space with a fitness centre, game room, conference room, library, children’s playroom, theatre and a rainforest garden.

Grande Caribbean is the latest project of Thai-owned private real estate development company Blue Sky. The group aims to give owners a lifestyle that is a step above the 15,000 other condominium units that are launched every year in Pattaya. “We’re not just selling a condo, we’re selling a resort lifestyle experience,” Blue Sky project manager Apichart Gulati said.

Prices start at THB1.89 million (USD 58,405) for a 34.5 sqm one-bedroom unit, which comes fully furnished with high-end electronic brands such as Samsung and American Standard. Each low-rise building includes unique pool access units for between THB3.2 million (USD 98,887) and THB3.5 million (USD108,158), while The Cruz also features select units with 270 degree views of the sea or mountains starting from THB5.3 million (USD 163,782).

The vast majority of owners intend to use their unit as a residence, while approximately 35 percent will use their unit for investment purposes.