50% Of Units In Riviera Jomtien Were Sold In Just Three Weeks!
Based on the exquisite and successful Wongamat concept, the famous Riviera Group announced the launch of a second development in Jomtien this year. In spite of the slow-down in the property sector in the first quarters of the 2014, the announcement stands as proof that the Pattaya region is not experiencing the decline predicted for the fourth quarter. In fact, the launch has immediately drawn the attention of Thai and foreign investors, who already bought 50% of the units that will become available in the Riviera Jomtien condominium.
As the name suggests, the development will be erected in Jomtien, one of the five sectors of Pattaya that still has land with beach access available at affordable prices. While the beachfront is certainly a major advantage, the proximity to the main roads – Sukhumvit and Chayapruek – also makes the development suitable for expats living and working in the international corporations in Thailand.
Amenities in Riviera Jomtien
The official launch of the development took place between the 19th and 26th of November, an 8-day event where the Riviera Group has invited numerous celebrities and included a lucky draw for a Mercedes SLK for each buyer who decided to invest in their new development. The project consists of 46-storey building featuring over 1,000 studios and condos, as well as 25 commercial units. Residents of the luxurious condominium will be able to enjoy numerous facilities and amenities, including:
- Ocean pool and an Infinity Edge Sky-Pool
- An entire floor (42nd) dedicated to an abundance of recreational activities
- Outdoor gym, sky gym and an extensive fitness room
- Amazing lush tropical landscaping
- Floating pavilions
- Resort-style lobby area
- Elevated and quiet garden areas
Riviera Jomtien’s architectural details
Granted, there were numerous factors that contributed to the Riviera Wongamat condominium’s overall success. However, by far the most noteworthy elements that attracted numerous investors were the careful planning of the gigantic communal green areas. Riviera Jomtien is no different in this sense, and in fact, those who have participated at the official launch state that the developer practically copied the success formula from the original project. Featuring over 10,000 SQM, two thirds of the development’s available space will be dedicated to lush, tropical landscaping, quiet vegetation zones and gardens.
Based on the aforementioned details as well as the surprising sales registered over such a short period of time, the Riviera Jomtien condominium is guaranteed to be a superb investment opportunity. One of the indicators for the success of the development is the nearby The Palm project. A promising development even from the start, The Palm has registered a price increase of approximately 30% over the marketing and construction phase.
The location of the Riviera Jomtien – only 300 metres away from the beach – is one factor that presents a massive contribution to the triumph of the development. Given the popularity of the Jomtien beach among expats and tourists, it is estimated that the units are bound to bring investors a return of up to 15% after the completion date.