Dubai PR Network, Online Press Release from Dubai and Middle East
 
Infrastracture, Construction & Manufacturing(Real Estate & Retail)
Filter PR by
  
PACE launches The Ritz-Carlton Residences, Bangkok – Thailand's Tallest Building with House of Patels in Dubai
 
PACE launches The Ritz-Carlton Residences, Bangkok – Thailand's Tallest Building with House of Patels in Dubai
  • Three day event promoting The Ritz-Carlton Residences at MahaNakhon, featuring highest specifications and standards
  • First opportunity to purchase the landmark residential property from developer, with special promotion terms, supported by House of Patels
  • Targeting clients who wish to invest in Bangkok, demand for high-end residential increasing as Thailand prepares for ASEAN Economic Community (AEC)
         
    Dubai, UAE (18 April 2013) – PACE Development Corporation PLC., Thailand's leading high-end property developer behind the landmark AED 2.3 billion (US$630 million) MahaNakhon mixed-use development currently under construction in the center of Bangkok, will launch a three-day roadshow event in Dubai to introduce The Ritz-Carlton Residences, Bangkok at MahaNakhon in conjunction with real estate agent House of Patels, Dubai.

Mr. Sorapoj Techakraisri, CEO of PACE Development said, “We have seen significant demand for Asian high-end residential in this part of the world, particularly from Dubai investors. We recently sold an AED 59.3 million (US$16.25) Ritz-Carlton penthouse to an investor from Dubai.”

This is the first time a Thai property developer has marketed property in the Middle East, and is showcasing Thailand's tallest building. MahaNakhon brings together hotel, retail and Ritz-Carlton Residences in an iconic mixed-use development which has attracted buyers from across Asia, with sales already exceeding 50%.  There are a total of 200 Residences, with prices starting from approximately AED4.1 million (US$1.12 million).          2

MahaNakhon's main residential tower will open in 2015, with the adjoining retail complex opening this year, including famous brands such as Vogue Club, Dean & DeLuca and L'Atelier de Joël Robuchon.

Sorapoj said, “Potential buyers in the Middle East are very familiar with The Ritz-Carlton brand and know that it promises property that will be to the highest standards.  Thailand's stock market, currency and economy are performing very strongly, so we believe that high-end residential demand will continue to increase by the time MahaNakhon is completed in 2015.”

Thailand is the second largest economy in the South East Asian region, with more than 22 million tourists annually, and will further benefit from the coming ASEAN Economic Community (AEC), a free trade zone of ten countries and 600 million people commencing two years from now.  As the capital city, Bangkok is rated number one city worldwide for tourists by Travel & Leisure's survey over the last three years, and attracts the third highest number of tourist arrivals worldwide, according to MasterCard's global city index, while ease of doing business for foreigners is also rated highly. 

Large companies are increasingly using Bangkok as a gateway to the region, and recently reduced corporate tax rates plus investment in infrastructure to make Bangkok a regional transportation hub are driving increased demand for high end residential.
 
Local real estate partner House of Patels explained that they are bringing The Ritz-Carlton Residences to the Middle East for the first time, because it is a unique chance for investors to own a piece of Bangkok's CBD landmark. Attractive pricing and a special rental program means this development will be highly sought after at the Roadshow event.

The roadshow campaign includes a sit-down dinner on April 20, 2013, followed by sales presentations held at The Ritz-Carlton Hotel, Dubai Beach April 21 - 22, where visitors can meet by appointment with House of Patels and PACE to review this unique investment opportunity.


Posted by : Dubai PR Network Editorial Team
Viewed 11535 times
PR Category : Real Estate & Retail
Posted on : Sunday, April 21, 2013  12:54:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : RAK CERAMICS SUCCESS STORY: ATTRACTING INTERNATIONAL BUSINES...
Next Story : Altaaqa Global And Caterpillar Inc Signs IPP Agreement
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Make Up for Ever Introduces for the First Time Its New Active Care-in-foundation to Revive... [6999-Views]
Olay Eyes Hydra Gel [5826-Views]
Maillon De Cartier Watch [4317-Views]
LG Prioritizes Home Comfort With Latest Air Conditioners for GCC Market [4264-Views]
6 Steps X 6 Products from Essence: The Shortcut that Perfects Skin - Now more than ever, S... [4260-Views]
Kristina Fidelskaya A/W 2020 Collection “Dream” [4260-Views]
Eid Gifts From The Body Shop [4170-Views]
Ralph Lauren Expands Its Earth Polo Offering, Reinforces Commitment to Protecting the Envi... [3993-Views]
Happy Eid with Parmigiani Fleurier Toric Fleur [3801-Views]
Vatika Focuses on Making Quarantine a Quality Time With New Viral Campaign [3735-Views]
Your at-Home Spa Guide With Skin Republic [3719-Views]
Sony Middle East & Africa Launches New Compact 4K Handycam® Camcorder with Advanced Image ... [3428-Views]
Dubai Sports Council Thanks Wise Leadership for Its Protection and Care of the Community [3341-Views]
UAE Banks Among Top Performing in GCC, KPMG Report Finds [2972-Views]
Dubai Customs: Strategic Plan to Curb Corona [2899-Views]
Etihad Guest Rewards Members While Staying Home [2698-Views]
Denim Culture [2644-Views]
Etihad Holidays to Be Operated by Dnata Travel Group In the UK [2456-Views]
Mohap Hails Family Doctors' Efforts in Countering Covid-19 Crisis [2427-Views]
Pure Health Launches Covid-19 Field Laboratory at Sharjah Expo Centre [2374-Views]
Celebrate Father's Day With Parmigiani Fleurier Tondagraph Slate [2341-Views]
Lenovo's Tech Gift Guide [2321-Views]
First Range Rover Made Under Social Distancing Measures Comes Off Jaguar Land Rover's Sol... [2247-Views]
Made in Italy, ICSA® Issues a Notification of Counterfeit Products Found in the Kingdom of... [2177-Views]
Karl Lagereld Drives Digital Innovation With Launch of the “Maison Karl Lagerfeld” Game [2157-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories