Thailand Real Estate Magazine

Developer Arun Eamsureya has last month re-launched Baan Talay, one of the better luxury projects on the outskirts of Pattaya closer to Jomtien.

Eamsureya says Pattaya is still a real alternative to Bangkok´s stressful living conditions, being less crowded and less polluted and that the town is poised for another boom because of Suvarnabhumi Airport. “Speculators are telling investors to shore up realty prices,” he said.

Arun relaunched his estate last week, after it sparked buying earlier this year with a fifth of the project already booked.

Since it opened for presales four months ago, 20 units priced between Bt15-60 million have been sold. About 70% of the buyers are Thais and 30% foreign. Sales are expected to close in 2007.

He explained that buyers like the location as it possesses the much-needed privacy and tranquility that were lost when over-speculation almost destroyed Pataya 15 years ago.

With 68 houses - all with sea views - Baan Talay is built on a slope from the Sukhumvit Highway, which runs down to a 180-metre-wide beach frontage.

The homes here are large, with built-up areas of 373 to 700sqms. All the units sport plenty of balconies, as well as plenty of well-designed indoor space.

Priced from Bt14 million to Bt120 million, the homes are drawing a largely Thai clientele who appreciate the family-oriented facilities. A 2,000-square-metre clubhouse and fitness complex with a large swimming pool is located right on the beach. A few land plots are also available for purchase.

The project is located across from Nong Nuch Village in outer Jomtien, about a 25-minute drive from Pattaya town.

He explained that the location is excellent for people who care little for the messy, noisy and rougher parts of Pattaya that overflow with the nightlife industry.

Baan Talay has opened new completed units at the site for viewers. CB Richard Ellis is the project´s marketing and sales agent.