Grande Asset Hotels and Property has launched a project of luxury villas Anantara Residences Rayong with 61 properties at a price of 33 million baht. The main potential buyer is Europeans working in the eastern provinces or people who want to buy a house by the sea for a holiday.
Phieraphon Nonthasud, Executive Vice President of the company, said that Laem Mae Pim Beach, which is located 6 km from the construction site of the new project, is well known among Western Europeans, especially citizens of Sweden and Germany. This is a very quiet place with a developed infrastructure and is not as popular among tourists as Pattaya.
There have been no new projects of elite residences in the District for several years. This is a good time to launch the project, as the baht is weak now, and many Europeans are looking for a place to stay in the upcoming winter period in the conditions of the energy crisis.
The Head of Real Estate District Association said that the coastal areas of the District are very popular among Swedish citizens, in particular Laem Mae Phim Beach, where about 500 Swedish families live. Laem Mae Phim is a disaster-free area near the International Hospital and U-Tapao International Airport. This is where the real estate of the King of Sweden is located.
If infrastructure projects, including the expansion of the U-Tapao International Airport and the construction of a high-speed train road connecting the three airports, are completed, the demand for housing will increase.