Issue 9 | Feature brought to you by One Tower
One Tower, despite its name, is actually the fourth development from developer One Group and its founder Khun Neung (the name ‘Neung’ means ‘one’ in Thai).
‘Prime’ is often used to describe what is basically a good location but there is simply no other word that can describe One Tower’s wonderful and truly unique position on Pattaya’s Pratamnak Soi 4 – with quite literally nothing between the site and the pristine and beautiful Dongtan Beach just 80 metres away.
The outstanding One Tower development is a 20-storey development with its 216 units is due for completion in December 2016 – just over one year from now.
One testament to One Tower’s location is that most of its buyers to date have been buying for their own use – and planning to use it as their main residence. That gives you an idea of the peace, calm and tranquillity that this part of the Gulf of Thailand has to offer, yet its location in Pratamnak Soi 4 is still within an easy 5-minute journey to the entertainment and all that central Pattaya has to offer.
Another factor underlining the success behind One Tower is that all of the 30 sqm studio units have been sold, leaving just the one-bedroom, two-bedroom, three-bedroom and Penthouse offerings which come fully-furnished, range in size from 47 sqm to an impressive 213 sqm, and start at THB 84,000 per sqm. Remember that price includes a luxury fully-furnished unit that is quite literally ready to move in to.
To date some 50 percent of the total number of units have been sold and most of the buyers have been Thai.
Focusing on its prime and outstanding location, One Tower’s residents will always be able to enjoy tranquil sea views, thanks to its position which is close to the low-rise Bird and Bee Hotel with its resort-style bungalows, and home to one of the most romantic restaurants Cabbages and Condoms, next to the beach and beside One Tower. There is also a golf course which has been built on Royal land, and one of the Thai princesses also has a palace close to One Tower – so the prospects of further high-rise developments in the area are next to none.
So unlike some other areas where developers are springing up close to the coast, and where there is still space to build between them the sea, that’s certainly not the case here. Your clear and unobstructed view is guaranteed – and is an amazing selling point in itself.
Another important factor for property buyers and investors is to ensure their proposed investment has an Environmental Impact Assessment (EIA) approval. One Tower has that. It also has financial backing from Siam Commercial Bank – further enhancing buyer confidence.
A development in such a prime location and with the backing that One Tower has would be almost impossible to build now, and the developer is exceptionally confident that a sell-out of all 216 units will be achieved well before completion.
The developer will be offering a rental service for its investor owners – and in keeping with its ethos of being one big family. Everything it does is done as part of a family, and it aims to treat all of it owners in the same way..
