Hotel specialist eyes Pattaya
Grande Asset plans B1.8bn resort complex

KRISSANA PARNSOONTHORN

The listed hotel company Grande Asset Development Plc announced plans to develop a striking condominium-hotel resort project worth 1.8 billion baht in Pattaya, and ride the new wave of growing property values in the Chon Buri city.

Called The Sails, the centrepiece of the 28-rai project beside the Ambassador Jomtien Hotel will be a five-star hotel with 250 rooms and 129 condominium units. The seaside building is designed in the shape of a 39-storey sail.

Pongphan Sampawakoop, executive chairman of Grande Asset, said sales of the condo units would begin in early October, with average prices of 75,000 baht per square metre. Construction will start early next year with completion due in late 2007.

``We decided to develop the project because we saw a lot of opportunities in Pattaya, where new resort condominiums are scarce but demand is rising. We hope The Sails will become a Pattaya landmark after its completion,'' he said.

Pattaya, less than two hours from Bangkok via the motorway, has become more popular among tourists, local and foreign, since the tsunami hit six southern provinces last December. Occupancy in Pattaya hotels rose significantly, while other destinations saw their popularity fall.

``Yes, Pattaya got a windfall from the tsunami,'' Mr Pongphan said. ``The property market there will see more, new development soon and it is expected to start booming next year when the Suvarnabhumi Airport is opened.''

Grande Asset reasons that with better transport links, people, from both Bangkok and the Eastern Seaboard, will consider a second home in Pattaya. The resort town is well developed with modern facilities such as shopping malls, international schools, hospitals and entertainment.

Apart from The Sails, Grande Asset has three property projects under construction _ Trendy Condominium and Regent Residences in Bangkok and the Hua Hin Blue Lagoon Resort.

Sales of condo units at the Trendy have reached 65%, while 50% have been sold at Regent Residence, said Mr Pongphan.

He said the company had switched to developing projects in order to support its core hospitality business in the short term by generating income and profits.

``Revenue will jump when we book property sales and transfer unit ownerships to buyers. But our normal income stream is still from hotels,'' he said.

The company operates just one hotel at present, the 36-room Westin Grande Sukhumvit. Four more hotels with 922 rooms in all are under construction _ Crowne Plaza Sukhumvit, The Regent Bangkok, Four Points Hotel in Phuket and Sheraton Hua Hin Resort.

``We expect to be running more than 1,000 hotel rooms by the end of next year when three new hotels are opened,'' Mr Pongphan said.

The four-star Four Points Hotel at Jungceylon Phuket (206 rooms) and the five-star Sheraton Hua Hin Resort (244 rooms) are to be completed by the middle of next year, and the 4.5-star Crowne Plaza Sukhumvit is scheduled to open its 342 rooms at the end of next year. The five-star Regent Bangkok, with only 130 rooms is set to be completed by 2008.

Shares of Grande Asset closed yesterday on the Stock Exchange of Thailand at 2.00 baht, down six satang, in trade worth 1.57 million baht.

Source : Bangkokpost : Jul 29, 2005

แกรนด์แอสเสททุ่ม1.8พันล. ผุดคอนโด-โรงแรมพัทยา

แกรนด์ แอสเสท เปิดเกมรุกยึดหัวหาดทำธุรกิจคอนโดมิเนียม และโรมแรมย่านจอมเทียน พัทยา ทุ่มเม็ดเงินลงทุนกว่า 1,800 ล้านบาท ผุดโครงการใหม่ The Sails Pattaya เนรมิตเป็นอาคารแฝดสัญลักษณ์ใบเรือ 2 ใบติดทะเล


นายพงษ์พันธ์ สัมภวคุปต์ ประธานกรรมการบริษัท แกรนด์ แอสเสท ดีเวลลอปเม้นท์ จำกัด (มหาชน ) หรือ GRAND เปิดเผยว่า บริษัทได้ซื้อที่ดินประมาณ 28 ไร่ บริเวณหาดจอมเทียน ซึ่งอยู่ระหว่างโรงแรมแอมบาสซาเดอร์ กับ โอเชี่ยนมารีน่า เพื่อพัฒนาโครงการคอนโดมิเนียม และโรงแรมระดับ 5 ดาว ใช้งบในการลงทุนทั้งสิ้นประมาณ 1,800 ล้านบาท พัฒนาภายใต้ชื่อโครงการ The Sails Pattaya

สำหรับรูปแบบของอาคารทั้งคอนโดและโรงแรม จะเป็นอาคารติดกันคล้ายกับใบเรือขนาดใหญ่ 2 ใบ ซึ่งสาเหตุที่บริษัทออกแบบให้มีลักษณะเช่นนี้ ก็เพื่อเป็นจุดเด่นและสร้างความแตกต่างจากคอนโดมิเนียมและโรงแรมทั่วๆ ไปในย่านนี้ โดยห้องพักทั้งที่เป็นโรงแรมและห้องชุดคอนโดจะหันหน้าออกทะเล บริษัทคาดว่าจะเริ่มลงมือก่อสร้างได้ในช่วงปลายปีนี้ และจะแล้วเสร็จในอีก 2 ปีข้างหน้า

ทั้งนี้ ในส่วนที่เป็นโรงแรมนั้น ตั้งอยู่บนเนื้อที่ 20 ไร่ มีทั้งสิ้น 250 ห้อง ปัจจุบันอยู่ระหว่างการคัดเลือกเชนอินเตอร์เข้ามาบริหาร ระหว่างเครือสตาร์วู้ด และเครืออินเตอร์คอนติเนนตัล ซึ่งจะสรุปได้ไม่เกินเดือนสิงหาคมนี้ ส่วนคอนโดมิเนียมมี 160 ยูนิต คิดเป็นพื้นที่ขายทั้งสิ้น 13,500 ตร.ม.ราคาขายประมาณ 75,000-80,000 บาท/ตร.ม.ซึ่งมีขนาด 1-3 ห้องนอน ขนาดพื้นที่ใช้สอยตั้งแต่ 50 ตร.ม.ขึ้นไป โดยตั้งเป้าเจาะกลุ่มเป้าหมาย 3 กลุ่ม คือ

1.กลุ่มคนที่ต้องการที่อยู่อาศัยในห้องชุด เพื่อใช้เป็นบ้านหลังแรก และมีสถานที่ทำงานอยู่ในย่านอีสเทิร์นซีบอร์ด หรือย่านสุวรรณภูมิ ซึ่งก็มีทั้งกลุ่มคนไทยและชาวต่างชาติ 2.กลุ่มคนที่ต้องการบ้านพักตากอากาศ ติดทะเล และเดินทางสะดวกสบาย 3.กลุ่มนักลงทุน ซึ่งกลุ่มนี้มีเงินออม ต้องการซื้ออสังหาริมทรัพย์เพื่อการลงทุน ทั้งรูปแบบการปล่อยเช่าหรือขายต่อ

สำหรับลูกค้าที่ซื้อในเชิงการลงทุน บริษัทก็มีการบริการ โดยจะให้เชนโรงแรมเป็นผู้ดำเนินการให้ ซึ่งปัจจุบันกลุ่มที่ซื้อเพื่อลงทุนนี้มีเพิ่มมากขึ้น มีทั้งชาวไทยและชาวต่างชาติ ส่วนหนึ่งเป็นเพราะมองว่า ราคาอสังหาริมทรัพย์ในเมืองไทยยังอยู่ในระดับต่ำเมื่อเทียบกับราคาอสังหาฯในต่างประเทศ หรือในภูมิภาคเดียวกัน

"เมื่อ 10 ปีก่อนคนจะหลับตานึกถึงพัทยาที่มีเพียงพัทยากลาง แต่นับจากนี้ไปทั้งคอนโด บ้านพักตากอากาศ โรงแรมระดับ 5 ดาวจะเกิดขึ้นมาก มาแทนที่ระดับ 3 ดาว 4 ดาว สังเกตได้จากการประกาศหรือการซื้อขายที่ดินคึกคักมาก" นายพงษ์พันธ์ กล่าว


Source : Bangkok Business News : Jul 25, 2005

good news for pattaya
...
can't wait for render...

http://img.photobucket.com/albums/v171/chady/London/Sails.jpg

http://www.bangkokpost.com/Business/290705_bus03.jpg

The Sails, named for its distinctive nautical design, will be the centrepiece of a 28-rai site beside the Ambassador Jomtien Hotel. The 39-storey building will house a five-star hotel with 250 rooms along with 129 condominium unites.

OH GOD!!
i can't explain.....

It sure be a very good landmark :cool:

The Location is perfect, just between the U/C 38 Storey Ocean Portofino Tower and The Gigantual 37 Storey Ambassador City Jomtien :eek:

Location :

http://img.photobucket.com/albums/v171/chady/London/DSC0489dd4.jpg

yay! new shape for the rectangle area!

great shape.........
great tower..........
great for Pattaya............

very nice for Pattaya... good to see it rising soon!

http://img79.imageshack.us/img79/7701/sails21bn.jpg

cool elegant shape of building...sailing theme and name very appropriate for the beach :) simple, but fresh, graceful and memorable......... kudos and applause for the architect :applause: :applause: :applause:

แกรนด์แอสเสทรุกคอนโดพัทยา ผุด"ตึกเรือใบ"วิวทะเล180องศา

"แกรนด์ แอสเสทฯ" ใช้นโยบายเชิงรุก บุกซื้อที่ดินพัทยา-จอมเทียน 28 ไร่ สวนกระแสเศรษฐกิจเตรียมขึ้นโครงการยักษ์ 1.8 พันล้าน เป็น "คอนโดฯ-โรงแรม 5 ดาว" ชูจุดเด่นด้านดีไซน์ รูปทรง "ตึกเรือใบ" หันหน้าออกทะเล 180 องศา เจาะตลาดลูกค้าทำงานสุวรรณภูมิ อีสเทิร์นซีบอร์ด และนักลงทุนปล่อยเช่า คาดอีก 2 ปีสร้างเสร็จ

นายพงษ์พันธ์ สัมภวคุปต์ ประธานกรรมการบริหาร บริษัท แกรนด์ แอสเสท ดีเวลลอปเม้นท์ จำกัด (มหาชน ) หรือ GRAND เปิดเผย "ประชาชาติธุรกิจ" ว่า บริษัทมีนโยบายจะลงทุนในธุรกิจอสังหาริมทรัพย์ในเชิงรุกมากขึ้น แม้ว่าจะจดทะเบียนอยู่ในหมวดธุรกิจโรงแรมและบริการก็ตาม เพราะเชื่อว่าแนวโน้มของอสังหาฯยังให้ผลตอบแทนที่ดีและสามารถแชร์ความเสี่ยงได้

"ล่าสุดผมเพิ่งไปวางเงินซื้อที่ดินแปลงใหม่ที่พัทยา 28 ไร่เศษ ขับรถไปดู 2 เที่ยวก็ตกลงกับเจ้าของที่เลย ซึ่งไม่ใช่คนท้องถิ่นแต่เป็นคนกรุงเทพฯ เป็นที่ดินหน้ากว้างติดทะเล 70 เมตร ถือว่าโลเกชั่นดีมาก เหมาะกับการพัฒนาโครงการระดับพรีเมี่ยม" นายพงษ์พันธ์กล่าว และว่า

ที่ดินแปลงดังกล่าวตั้งอยู่ถนนสุขุมวิท หลักกิโลเมตรที่ 156 บริเวณหาดจอมเทียน-สัตหีบ ซึ่งอยู่ถัดจากโรงแรมแอมบาสเดอร์ ซิตี้ 2 แปลง และอยู่ติดกับโครงการโอเชี่ยนมารีน่าของตระกูล "อัสสกุล"

กลุ่มแกรนด์ แอสเสทฯ มีเป้าหมายจะพัฒนาเป็นคอนโดมิเนียมและโรงแรมระดับ 5 ดาวควบคู่กันไป มูลค่าลงทุนไม่ต่ำกว่า 1,800 ล้านบาท ใช้ชื่อโครงการว่า The Sails Pattaya ซึ่งมีความหมายตรงกับคอนเซ็ปต์คือ โครงการเป็นรูปทรงเรือใบขนาดยักษ์ ที่ตัวตึกหันหน้าออกสู่ทะเล สามารถรับลมและเห็นวิวได้ 180 องศา ต่างจากโครงการอื่นๆ โดยว่าจ้างให้บริษัทอินเตอร์ อาร์คิเท็คฯ เป็นผู้ออกแบบ

คาดว่าจะลงมือก่อสร้างได้ภายในปลายปี 2548 และจะแล้วเสร็จปี 2550 โดยใช้เงินลงทุนจากบริษัทและกู้จากสถาบันการเงินผู้ให้การสนับสนุน สำหรับห้องชุดนั้นตั้งราคาขายไว้ 75,000 บาทต่อตารางเมตร มี 1-3 ห้องนอนให้เลือก และเน้นเจาะตลาดลูกค้าเป้าหมายจากลูกค้าที่ต้องการซื้อเพื่อการลงทุน ลูกค้าที่ต้องการซื้อเพื่อการพักอาศัยทั้งชาวไทยและต่างชาติ ที่ทำงานในแถบอีสเทิร์นซีบอร์ด หรือแหล่งงานใหม่บริเวณสนามบินสุวรรณภูมิ ต่อไปการขับรถจากโครงการไปสนามบินใหม่จะใช้เวลาเพียง 1.45 ชั่วโมง เพราะโครงข่ายการคมนาคมจะแล้วเสร็จสมบูรณ์เมื่อโครงการสร้างเสร็จพอดี

"ตอนนี้พัทยากลับมาบูมอีกครั้ง เหมือนกับที่หัวหิน ธุรกิจท่องเที่ยวโตขึ้นเฉลี่ย 5-10% คนจะหลั่งไหลมากันเยอะ นี่คือข้อมูลที่ทำให้บริษัทตัดสินใจขึ้นโครงการใหม่ที่พัทยา แม้ว่าใครจะมองว่าเศรษฐกิจไม่ค่อยดี แต่โดยส่วนตัวผมเชื่อว่ายังมีช่องทางขยับขยาย เพียงแต่ต้องเก็งให้ถูกจังหวะถูกทำเล" นายพงษ์พันธ์กล่าว

อนึ่ง บริษัทมีการลงทุนโครงการใหม่ที่เปิดตัวไปแล้ว อาทิ คอนโดฯ หัวหินแกรนด์ลากูน 108 ยูนิต พร้อมบ้านบนเกาะอีก 37 ยูนิต มูลค่าโครงการ 1,250 ล้านบาท โครงการเดอะ เทรนดี้ พื้นที่ใช้สอย 2.8 หมื่นตารางเมตร และโครงการคอนโดฯ เดอะ รีเจ้นท์ เรสซิเด้นท์ สูง 37 ชั้น ปากซอยสุขุมวิท 13

Source : Matichon/ Prachachat : Aug 1, 2005

Woohoo! for Pattaya......love the design <3

fabulous design. Sure will look nice at night.

Sep 16, 2005 :

The ite is being cleared...so exciting.

http://img.photobucket.com/albums/v171/chady/Alan/DSC05757.jpg

http://img.photobucket.com/albums/v171/chady/Alan/DSC05760.jpg

http://img.photobucket.com/albums/v171/chady/Alan/DSC05761.jpg

that machine seems so lonely in the middle of the land. hope they will start soon.

I dont think they will starts anytime soon though (atlease not until March 2006). The Hotel Operater chain has not been finalised?

We might see Westin Pattaya?

dont know what is the situation of Grande Asset also... the site is very good, went there last week end in Ocean Marina, a bit old-fashioned but very quiet.. do they plan a marina in The Sails also?

Grande Asset is one of the best performance company listing on SET.

For Quarter 2 2005, the company net profit after tax increases by 3.7 million
Baht from a profit of 1.1 million Baht in Quarter 2 - 2004 to a profit of 4.8
million Baht in Quarter 2 - 2005, representing a 327% increase.The main reasons
are described below.


1. Total revenue increases by 61% from 150.6 million Baht in Quarter 2 2004 to
243.0 million Baht in Quarter 2 2005, supported by the following key factors.
1.1.Increase in revenue from hotel operation of 35% from 104.5 million Baht
in Quarter 2 - 2004 to 141.1 million Baht in Quarter 2 - 2005 on account
of all rooms were fully operated and the average room rate in 2005
increased after completion of hotel renovations.
1.2.Property development business produces increases by 125% from 40.1
million Baht in Quarter 2 - 2004 to 90.4 million Baht in Quarter 2 2005
on account of increase in revenue recoginition in relation to
construction progress.

2.Total expenses also increases by 64% from 125.7 million Baht in Quarter 2
2004 to 206.6 million Baht in Quarter 2 2005 in line with business growth as
detail below.
2.1. Cost of hotel operations increases by 26% from 30.6 million Baht in
Quarter 2 2004 to 38.7 million Baht in Quarter 2 2005.
2.2. Cost of property development business increases by 192% from 19.0
million Baht in Quarter 2 2004 to 55.6 million Baht in Quarter 2 2005.

AS Reported to Stock Exchange of Thailand, 15 August 2005

coo. just've been to Pattaya last week. the city and skyline looks nice. i like it..:)...and still lots of space left for developing.

um, would be time for them to recognize some cash. Hua Hin Blue lagoon is selling very well, and cash soon be here. but it is a small project compared to Regent & Trendy. Others are Hotels and based on long term returns, so not much cash! The Sails is a mix, but still need a lot of investment.

that is only my own opinion, and i am looking forward to see it raising, and it will! i am sure they have lots of investor willing to inject money in those projects.

Oct 6, 2005 :

The site., some major changes.

http://img.photobucket.com/albums/v171/chady/Bank/DSC06103.jpg

Mock-up room being constructed.

http://img.photobucket.com/albums/v171/chady/Bank/DSC0610d6.jpg

http://img.photobucket.com/albums/v171/chady/Bank/DSC06097.jpg

http://img.photobucket.com/albums/v171/chady/Bank/DSC06d107.jpg

http://img.photobucket.com/albums/v171/chady/Bank/DSC06109.jpg

http://img.photobucket.com/albums/v171/chady/Bank/DSC06113.jpg

http://img.photobucket.com/albums/v171/chady/Bank/DSC06100.jpg

http://img.photobucket.com/albums/v171/chady/Bank/DSC06111.jpg

http://img.photobucket.com/albums/v171/chady/Bank/DSC06115.jpg

I love this project since it put a lot of effort on its design. 39 storey is really cool for Pattaya tho.

The best design in Pattaya..

Wow, it is coming faster that expected! will be head to head competition with Ocean Portofino, a new condo phase from Ocean Marina, just few meters awat.

Living area

http://img.photobucket.com/albums/v171/chady/Bank/living20area.jpg

Lobby

http://img.photobucket.com/albums/v171/chady/Bank/lobby.jpg

Lounge

http://img.photobucket.com/albums/v171/chady/Bank/lounge.jpg

Master Bedroom

http://img.photobucket.com/albums/v171/chady/Bank/master20bedroom.jpg

http://img.photobucket.com/albums/v171/chady/Bank/the_sails_309.jpg

saw the ads on tv looks nice..................

What channel was it on!!! I cant believe I missed it :ohno:

saw the ads on tv looks nice..................

I saw it TV too. Today :)

how much they are selling there? i keep calling sale office but theu might be very busy!!!

I went to the Property Fair today.

All smallest units are sold and 7 from 12 penhouses are also sold.

wow! it's so popular.

I went to the Property Fair today.

All smallest units are sold and 7 from 12 penhouses are also sold.
Wow!!. it's popular, Grandeasset does really a good job. :)

Announcement !!!!

The design has been changed !!! Residential floors has been increased to 43 !!!

Announcement !!!!

The design has been changed !!! Residential floors has been increased to 43 !!!


The New Desing :

http://img474.imageshack.us/img474/11/thesails4co.jpg

The New Desing :

http://img474.imageshack.us/img474/11/thesails4co.jpg


......Comparing to the old one.

http://img.photobucket.com/albums/v171/chady/Bank/the_sails_309.jpg

Announcement !!!!

The design has been changed !!! Residential floors has been increased to 43 !!!
WOO!!HOo!! :dance:

it look taller than 50 storey for sure...
:)

where are the sails in pattaya?

Further Details : http://www.cbre.co.th/cbre_thailand/PropertyDetail.aspx?PropertyID=526

It's located exactly betweeen The Ocean Marina Yacht Club and Ambassssador City Jomtien.

http://img441.imageshack.us/img441/2089/map369kk.jpg

I really like the design of this project. Cheers

i see no difference.........
oh wait i can now.......

I don't know how to post the swf file correfctly
so may be this is a good solution.. :)
http://www.travelsthailand.com/swf/add/thesail.htm

It's looks like Burj Al Arab in Dubai.

umm....not really...;)

http://img.photobucket.com/albums/v171/chady/Silent/27.jpg

It's looks like Burj Al Arab in Dubai.

Burj Al Dubai?

oh....oops, I guess I'm staying too late now..:laugh:

Oct 30, 2005 :

Showroom almost completed.

http://img461.imageshack.us/img461/5363/img13362wf.jpg

The Sails...:)

http://img461.imageshack.us/img461/3357/img13339rr.jpg

http://img471.imageshack.us/img471/8172/img13345mr.jpg

i just saw their HUGE ads in the paper..................
just gettin nicer and nicer.................

everlasting ecstasy!

Great quote...very attractive indeed. :okay:

..only hope tat they didnt mean it as a kind of pill...:D

wow that's massive!!

The height to the top tip of the higher spire is 172.6 meters.

wow, over my expectation@@@@@@@@@@@@@@

wow I just saw a FULL PAGE ad in the Nation newspaper....

only 4 condos per floor and 3 meter high ceilings VERY NICE :)

"North Sail" tower is an international hotel and "South Sail" tower is condos....
does anyone know the brand name of the hotel?

Hmm, wondering that too...

must be under the Starwood hotels?....u know, It's Grande Asset's..:D

Anyway, There's already Sheraton Pattaya...so, no..

(possibilities) Availables?

W Pattaya?
St.Regis?, That doesnt really match with the "Sails" theme doesnt it.
same is Luxury Collection....
Westin sounds perfect for me, I think.
Four Points?, too underrated.

Westin?, or W?.....I will go for Westin as my guessing..:)

http://img483.imageshack.us/img483/6048/sails6ag.jpg

^^^^^.Ummm. 172.60 meters makes me really satisfy.^^^^^^^

Some commercial shots from TV....

http://img479.imageshack.us/img479/7619/img14087jr.jpg

http://img319.imageshack.us/img319/3199/img14097tj.jpg

http://img470.imageshack.us/img470/2497/img14109ze.jpg

http://img17.imageshack.us/img17/9425/img14110hh.jpg

http://img241.imageshack.us/img241/4889/img14121fg.jpg

http://img458.imageshack.us/img458/2531/img14158vg.jpg

Sails revitalises Pattaya market

Itthi C Tan

Grande Asset to build twin towers to mark a new era for resort city

In marketing The Sails, Grande Asset Development chairman and CEO Pongphan Sampawakoop said the firm had made a point of differentiating the project from other older sites in Pattaya.

“We designed the condominium banner to read: ‘Splendour of Modern Pattaya’, to distinguish The Sails as symbolising the new Pattaya,” said Pongphan, a veteran developer. “Old Pattaya stirs images of a messy, dirty, crowded and noisy place, full of traffic jams.” Indeed, no one enjoys driving from Sukhumvit Road into the town with its narrow roads and unruly pickup buses.

The Sails is located at kilometre 156.5 on Sukhumvit Highway, which allows its residents to avoid all the congestion and stress in the older part of Pattaya.

“Here the beaches are not spoilt, the air is cleaner, and there’s no overcrowding on the beach,” he said.

Constructed on a massive 25-rai estate, the 43-floor condominium tower will house 151 freehold units.

It also shares the site with a five-star hotel. Grande Asset is looking for a global chain to run it. Among the chains vying for the site are Le Meridien and The Regent.

Before joining Grande Asset, Pongphan himself was an established developer of several properties. Among them was the first resort condominium in Pattaya, called Siam Penthouse 3, in Nak Lua during the early 80s.

Since then, the beach resort has boomed, but not always with positive outcomes as poor city planning and runaway tourism destroyed much of the resort’s charm and natural beauty.

Today, certain areas in Central and South Pattaya can be highly stressful and unhealthy due to traffic jams, pollution and noisy nightlife.

But in the outer Jomtien stretch near Ocean Marina, where The Sails is situated, life is still relatively unaffected by the mad rush on the part of greedy operators to milk the beach town dry.

To justify being a Grade A condominium, Grande Asset realised it had to provide a quality location that would inspire confidence in buyers. It wants to ensure that the site will be free from all the undesirable elements that wrecked Pattaya.

Its twin towers is set to be Pattaya’s new landmark on Sukhumvit Highway.

The company will offer a 5-per-cent discount on the selling price of the first 30 units. That comes to about Bt75,000 a square metre.

“The price will include built-in furniture, kitchens, air-conditioners, everything except free-standing furniture.”

Two key elements that will set The Sails apart from many projects are its ceiling height of three metres and big terrace space, said Pongphan.

The Sails will also have its own beach frontage of 100 metres. The plot on which the condominium tower stands will be divided from the overall 25-rai estate.

Construction is expected to begin soon, and the mock-up show units at the site will be ready for viewing next month.

Both the condominium and 210-room hotel are expected to be completed towards the end of 2007. The Sails is valued at about Bt1.8 billion, while the hotel is valued at more than Bt2 billion.

Source : THE NATION : Nov 7, 2005

Floor plan 28th

http://img492.imageshack.us/img492/7347/sailfl10gf.gif

http://img492.imageshack.us/img492/4787/sailfl24wl.gif

hum, and what about 28-43???? dont tell me they change the plan!!!!

No, The plan hasnt changed. But the sales manager only sent me the plan of floors with small rooms...:)

i asked 'cause they did the same to me ;(

like they said only four units on each floor....................

Nov 30, 2005 :

Site preparation underway

http://img39.imageshack.us/img39/9264/img18874ai.jpg

http://img39.imageshack.us/img39/5/img18883jf.jpg

Show unit

http://img39.imageshack.us/img39/7668/img18897fz.jpg

http://img39.imageshack.us/img39/7669/img18905gr.jpg

We gotta wait for so long before it starts to rise.

We gotta wait for so long before it starts to rise.

Yeah, and think anyone interested should check out this developers other projects.

Go see progress at the Regent and the Trendy (aaagh!!) in Bangkok. How long is it since these projects were launched? Yet the Regent remains a flat plot and the Trendy looks like a derelict old building with nothing happening. Thought it was supposed to be ready by the end of this year! Some developers have put up projects quicker from scratch than they have refurbished an existing building. Have they not got any money?

It is lovely that Grande Asset produce beautiful computer renderings but if you're thinking of spending x million baht you might want a bit more of a track record than that. Personally, I've seen nothing to persuade me that they're not a bunch of jokers or chancers.

So sorry to be negative! :)

well, go and have a look in Hua Hin and check out Hua Hin Blue Lagoon. also, the crowne plaza in Suk 27.

but i agree that they are losing time in Trendy probably due to bad surprises in the renovation work. for Regent, probably slow sale, construction permit might be the reason. But that will be built. Same as The Sails!

well, go and have a look in Hua Hin and check out Hua Hin Blue Lagoon. also, the crowne plaza in Suk 27.

but i agree that they are losing time in Trendy probably due to bad surprises in the renovation work. for Regent, probably slow sale, construction permit might be the reason. But that will be built. Same as The Sails!

Fair points about Hua Hin and the Crowne Plaza, even if progress there isn't super-fast.

But the possible reasons you give for the Regent/Trendy, if true, would not help inspire confidence in the competence of this company. They shouldn't be having "bad suprises" at this stage in renovating a building that they have owned for a long time. As for sales, if Regent does have slow sales despite it having been launched well over a year with lots of advertising, then that should tell us something. For comparison, look at the progress with the Parks Chidlom and the professional way that project and its construction seems to be being handled.

I'm just trying to advise people that if they're thinking of investing in a luxury condo, they should take a really close look at the company building it, and their track record.

I think u mistaken some points here, The progress of sales on The Park Residence isnt any better than The Regent Residence (68% sold so far at The Park Residence and about the same at The Regent), and aswell as the construction work.

I'm sure the quality-profession of construction handling of Syntec, which responsible for the main architectural and structural work of the Regent Project isnt any less qualitied than Stecon.

agree both of you.. track record is the most important!

New projects seen tripling gains to B4bn

KRISSANA PARNSOONTHORN

Grande Asset Development Plc expects its revenue this year will nearly triple to 4.4 billion baht, driven by the completion of two condominium projects and the opening of two additional hotels.


Chief executive Pongphan Sampawakoop said the company would realise a lot of the revenue from the transfer of completed condominium units at Hua Hin Blue Lagoon and The Trendy in Sukhumvit Soi 13, Bangkok.


''This year, we will see higher revenues from property development than from hotel operations,'' he said.


Last year, the company recorded total revenue of 1.55 billion baht, up 75% from 2004. Revenue in 2006 is projected at around 4.4 billion baht, a 184% jump from the year before.


Mr Pongphan said the company would open two new hotels _ the Sheraton Resort Hua Hin (250 rooms) and Crowne Plaza Sukhumvit in Bangkok (345 rooms) _ in August and December, respectively. It now operates only the Westin Grande Sukhumvit Hotel in Bangkok.


''The full revenue stream from the two new hotels will be recognised once they have been open for at least one year,'' he said.


The company has also signed a contract with the international chain Le Meridien to manage a 250-room hotel now under construction in Pattaya. It will open in the first half of 2007 along with another new property, The Regent Bangkok.


''The hotel and tourism industry will improve further this year. Tourist arrivals are expected to rise 10% to 13.2 million this year,'' he said.


Pattaya would benefit directly from the opening of the Suvarnabhumi Airport while Phuket would gradually recover from the effects of the December 2004 tsunami.


Aside from hotels, Grande Asset is now developing two condominiums: The Sails in Pattaya and The Regent Residence in Bangkok. The Sails has twin towers built on the shape of schooner sails and selling prices of units are 80,000 baht per square metre. Unit prices at The Regent Residence start from 90,000 baht per sq m.


Shares of Grande Asset (GRAND) closed yesterday on the Stock Exchange of Thailand at 1.78 baht, up four satang, in trade worth 424,000 baht.

Source : Bangkokpost : Jan 12, 2006

will start piling end of this month according to Pattaya sale office!

They say the Regent will be open by June 2007, surely some mistake?

Personally, not convinced Holiday Inn or the Trendy will be finished this year either, but at least should be possible!

Chad, isnt it better to have a separate construction page for Pataya and Bangkok??
like constructions in rest of Thailand and Constructions in Bangkok??
what you think?

my suggestion is that there are no high-rise out of angkok exceppt in Pattaya, and we already have a threat about high-rise in Pattaya.

what is Holiday Inn?? (mentionned about Trendy)

Maybe he meant "Crowne Plaza"

Pilling work for The Sails started back in Jan 15, will takes 120 days to complete.

Jan 28, 2006 :

I'm a bit confused about the site.

There are 2, one is a big hugh land plot on the left (with loads of crains)

and another is on the right with one big crain.

http://img86.imageshack.us/img86/2274/img32883yk.jpg

and appearently, this one isnt the site

http://img86.imageshack.us/img86/748/img32894mu.jpg

That...is the site..

http://img86.imageshack.us/img86/6876/img32909qf.jpg

Small yet Incredible night time rendering

http://img51.imageshack.us/img51/6547/interior1intro0jb.jpg

Small yet Incredible night time rendering

http://img51.imageshack.us/img51/6547/interior1intro0jb.jpg


If it possible,I wish it would be in bangkok which locates next to all the luxury house like The Oriental,The peninsula,Hilton,Shangrila etc..it would be perfect

If it possible,I wish it would be in bangkok which locates next to all the luxury house like The Oriental,The peninsula,Hilton,Shangrila etc..it would be perfect
well, In this case, we have to wait another big project from Raimon land which will be located somewhere between The Peninsular and Taksin bridge. I am sure it will be grandeur. :cheers: :cheers:

Announcement of Le Meridien in Pattaya

February 2006

Starwood Hotels & Resorts Worldwide, Inc. newest global hotel brand Le Meridien Hotels & Resorts, continues to expand its presence in Asia Pacific with the signing of Le Meridien Pattaya Resort, Thailand. Starwood Hotels & Resorts and Grande Equity Development Company Limited announced the agreement today to manage this brand new resort along Jomtien Beach in Pattaya, which will open in January 2009.

The Le Meridien Pattaya Resort will be part of one of Pattaya's foremost upscale beachfront resort developments, which comprises unbranded condominiums and the resort. The development is strategically located in a prime position, only 150 km or 1.5 hours' drive from Bangkok and less than an hour's drive from Bangkok's new International Airport when it officially opens in 2006. The resort will feature 250 rooms, 11,000 square feet of meeting space, three food and beverage outlets, an outdoor swimming pool and a full service spa.

"We are thrilled to be announcing a new Le Meridien hotel in Pattaya - especially as this is the first hotel signing in Asia Pacific for Le Meridien since they became part of Starwood Hotels & Resorts in late November 2005," said Michael Wale, Senior Vice President Le Meridien Operations. "This new resort further reinforces our commitment to grow and enhance our newest brand globally with particular emphasis in Asia-Pacific, Latin America and the United States. The brand has a healthy development pipeline already in place, with over 10 hotels planned to open in 2006 in destinations such as India and China, including Le Royal Meridien Shanghai. We see great potential for the Le Meridien brand and it is a perfect complement to the Starwood portfolio, with its European heritage, international footprint and unique guest culture."

"Le Meridien Pattaya Resort marks Starwood's second resort in Pattaya and its 17th in Thailand. This latest addition to the Le Meridien portfolio is an exciting and significant development for Starwood. Besides reflecting our focus to grow this brand, Le Meridien Pattaya Resort also strengthens Starwood's commitment to Thailand, while further expanding on the wonderful Le Meridien resorts we can offer our guests around the world," said Miguel Ko, President, Starwood Hotels & Resorts Asia Pacific.

What's that big project from Raimon land you mentioned Mosaic? I can't remember the news :(

Raimon land has a plan to lauch another riverside Grade A condo which it will be located between The peninsula and Sathon bridge, expected to lauch on the 4th quarter of this year which I believe it will be grandeur as it is quite big project.

I see.. very interesting to see what a grade A condo in that location will be like.
It will be a long, tough wait though :)

wow looking forward to see that project by Raimon Land.

This Pattaya project is really something. Pattaya is going upscale!

Site Plan :

http://img135.imageshack.us/img135/3033/sails16qo.jpg

Floor Plan :

http://img135.imageshack.us/img135/1167/sails57nv.jpg

http://img135.imageshack.us/img135/4689/sails60wc.jpg

Layout :

http://img135.imageshack.us/img135/2474/sails28nr.jpg

http://img96.imageshack.us/img96/4146/sails36fj.jpg

http://img96.imageshack.us/img96/5121/sails40na.jpg

i like the layout of the 3-bed corner units. However, 1 and 2-bed are a bit 'standard'

3-Bedroom unit layout looks great..:)

i like the 'foyer' and the balcony connected to master bed.

I visited the showroom today..April 18, 2006 :

1 Bedroom units total of 74 units, now 26 units available
2 Bedrooms units total of 37 units, now 11 units available
3 Bedrooms units total of 40 units, now 3 units available

Yeah, i have heard the 3-bed just run out of stock already and 2-bed soon to be sold out. We will see it fast rising!

Pattaya is being like Dubai of Thailand :D

Pattaya is being like Dubai of Thailand :D

yes .But so far

http://img387.imageshack.us/img387/4131/p10208021wt.jpg

http://img76.imageshack.us/img76/9639/p10208037cr.jpg

Seem, this project has been successful, not so many units left in the stock even the price is quite expensive. Oh!! The project's model is really cool too.

i like the model. but i am affraid about how the result can be: painting, landscape, glasses. it can look very good like it can look a total junky building.

Awesome project. Well done Grande Asset. Pattaya is going upscale.

If I had enough money , I would buy 1 units. Just a dream !

Sep 2, 2006 :

http://static.flickr.com/88/233829804_18c9bf104e_o.jpg

Chad I have a question. Did you go to Pattaya to take a picture by yourself ?

Jan 1, 2006 :

http://farm1.static.flickr.com/156/343483066_cadf677765_o.jpg

March 11, 2007 :

http://farm1.static.flickr.com/149/425135729_9bd0a48348_o.jpg

superstructure :eek:

Good to see this one rising!!!Thanks Chad.

1/07/2007

http://www.panoramio.com/photos/original/3109207.jpg

over-delayed!

As I saw last week

this project was :skull: :fiddle:

i hope pattaya can one day turn into miami......

เมื่อไหร่โครงการนี้จะสร้างต่ออ่ะครับ
มีใครรู้บ้างไหมครับ

7/05/2008

http://i253.photobucket.com/albums/hh58/karumbug/P1040433.jpg?t=1210169155

เอ่อ...

wow, and buyers already paid all installements, right?

November 2008 By Gaudenz

http://static4.bareka.com/photos/medium/15711755.jpg

what other disasters are that particular company responsible for? Pattaya seems to be a real cowboy market...

What an odd construction site.
It looks like they don't know what to do

Looks like the construction has stopped for while...

^^Of course, It's apparently on hold.

what i dont understand is how come they do the same thing on the site next door (spinnaker?) and still nothing moving. so much potential in pattaya, we dont need the crasp!

Somebody should take over this project and go on. There are a lot of potentials out there.

เห้อ

เห็นแล้วหดหู่

It will start again in June 2009 ?

This is the end for the Sails ! Insiders of grand told us that Grand sold the project to one of the companies of Chang beer owner Charoen and received a deposit of 10% without clearing the contracts of the Sails . They will not build a condotel but only the Meridien Hotel.
Next door to the Sails between The Sails and Movenpick Spinnaker they will build hotel resort only 9 storey high . allready started

As told before the Sails is sold on the 28th of December 2111 to TTC Capital land !

Capital Land is out already i guess

Sails project sold!

seller Grand Equity Development Co., Ltd. (sub of Grande asset) entered into a Sale and Purchase Agreement, dated 28th Dec 2011 with buyer Rattanasuthra Co., Ltd. for Baht 448,490,000

http://www.set.or.th/set/newsdetails.do?type=H&time=1327901940000&filename=dat%2Fnews%2F201201%2F12002558.pdf++++++++++++++++++&source=GRAND&headline=Notification+on+disposal+of+the+Company%27s+asset+%28Project+The+Sails%29&symbol=GRAND&language=en&country=US