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News & MediaBeaches set to hit Thailand A new beach resort development is scheduled to being work in Thailand with the major label, the Beaches, ready to open it's first Thai resort in Bang Saray Bay in three and a half years. The Beaches resort will offer discerning travelers a water-themed park, private beaches and a boardwalk stretching out over a kilometer past restaurants and shops. The resort will have villas positioned over the water, similar in style to villas in the Maldives. B5.8bn plan in Bang Saray The property developer Pacific Shore Co yesterday launched the first phase of a long-term lease residential complex worth 5.8 billion baht on Bang Saray beach in Chon Buri. The 88-rai first phase of the Beaches Destination Resort & Spa includes two hotel condominiums with 300 units each worth a total of two billion baht, a 450-room hotel worth three billion baht and an 800-million-baht water theme park. Construction would start in mid-2008 and be completed in 2012. Dream destination taking shape in Bang Saray Thailand's money-spinning tourism industry could get a major boost when the first phase of The Beaches, a major destination resort and spa development at Bang Saray Bay, is completed in three and half years. This project is positioned to have something for everyone a water-themed park, man-made private beaches, a kilometre-long boardwalk lined with shops and restaurants, and even villas over the water, taking their inspiration from the Maldives. All this grandeur will be very 21st century, with the whole site being served with super high-speed Internet and a cashless payment system. Bang Saray to be a dream destination The country's tourism image is to get a further boost with the announcement that The Beaches, a major destination resort and spa, is to have its first phase completed in the next three years or so. According to the chairman and CEO of Pacific Shore Company, Liakat Sultan Dhanji, the project will have something for everyone a water-theme park, man-made private beaches, a kilometre long boardwalk lined with shops and restaurants and even villas over the water, taking their inspiration from the Maldives in the Indian Ocean. Bangkok housing developers upbeat Despite loose talk of a property crash, Bangkok's developers remain sanguine. They sense an enduring boom because Thailand's population is young, housing has never been more affordable thanks to market reforms that eliminated much of the risk, and the economy is humming along despite expensive oil. However, there is one bubble ready to burst luxury condominiums. Bangkok Market Is Hot Again It was a familiar story from Golden Land Property Development PLC. With its 35-story Sky Villas condominiums nearly sold out, it unveiled plans for an even more lavish project. The Infinity features a replica of Rome's Spanish Steps, a spa in a restored historic mansion and faux-Venetian canals. About 90% of the units in the new development sold out in less than three months, even though some were priced at more than $1 million. Housing boom goes global; bust fears loom It was a familiar story from Golden Land Property Development PLC. With its 35-story Sky Villas condominiums nearly sold out, it unveiled plans for an even more lavish project. The Infinity features a replica of Rome's Spanish Steps, a spa in a restored historic mansion and faux-Venetian canals. About 90% of the units in the new development sold out in less than three months, even though some were priced at more than $1 million. Golden Land Company Profile It was a familiar story from Golden Land Property Development PLC. With its 35-story Sky Villas condominiums nearly sold out, it unveiled plans for an even more lavish project. The Infinity features a replica of Rome's Spanish Steps, a spa in a restored historic mansion and faux-Venetian canals. Some 90 percent of the units in the new development sold out in less than three months, even though some units were priced at more than $1 million. The project isn't in a steaming-hot U.S. real-estate market like Las Vegas or Miami. It is in Bangkok, where home prices are soaring, bank mortgage lending is climbing and developers are adding thousands of glitzy units.
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