Wednesday, April 2, 2008

Villa dev hits Pattaya market

A new 27-unit pool villa development near the undeveloped Soi 7 area of Na Jomthien has just been launched onto the Pattaya market.

Construction is now well underway on the Royal Ambassador Residence and three show villas, the clubhouse, guardhouse and much of the development´s infrastructure have already been completed.

The project sits opposite the Ambassador City Hotel, 700 metres from Na Jomthien’s Soi 7 and while much of the rest of the surrounding area is still in its natural state there are big plans afoot for the location - which could spell substantial rental yields for investors. “The area is still unspoiled,” says Gino Mifsud, the project´s director of sales and marketing. “however, it is earmarked for a major entertainment development.”

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