Fragrant Collaborates with Evason in 10 Billion Baht Investment to Develop Mixed Use Project
Fragrant Collaborates with Evason in 10 Billion Baht Investment to Develop Mixed Use Project, Encompassing Condo and Hotel in the Same Area; Partners Confident of Project’s Success our role as property developers, our view is that these visitors, in addition to Bangkok, will come to Pattaya, which is an important tourism destination in Thailand. The city itself has a favorable geography for expansion of tourism, as a new eastern city that stands to benefit from the new high speed “monorail”, as well as a docking pier, which are efforts to improve public transportation by land and sea. In addition, the city benefits from more efficient road infrastructure connected to Vietnam, passing Cambodia into Pattaya and towards Bangkok. With state support, transportation for tourism or business in Pattaya will be more convenient and faster. Demand for residences or hotel accommodations will thus be on the rise accordingly. And why Na Jomtien? Our view is that the setting in this area of Na Jomtien is similar to Huahin. It’s natural and peaceful, with Pattaya’s flavor. Also, it’s not far from the city of Pattaya. It’s got both the tranquility and conveniences, like Phuket or Huahin. Evason’s signature care for the environment and attention to every aspect of service delivery complements our project – this is why we chose Na Jomtien. Mr. Bernhard Bohnenberger, President, Six Senses Hotels Resorts Spas said, “Evason is one part of the group of Six Senses Hotels Resorts Spas, which conducts business under the philosophy of Six Senses that is environmentally responsible, and sustainable for the surrounding communities. Our hotel is ready to welcome guests. The services of this nature are among our brand attributes, as we offer a variety of services. Also, we pay attention to the customer on an individual level. The expansion of our business from Thailand and Vietnam to Jordan reflects the fact that Evason is committed to providing customers with the local essence and indigenous way of life, while paying attention to every detail of our service delivery. We can say that when you stay with us, you will get to experience the benefits of special living. On behalf of Evason, we are delighted to be working with and forging a good relationship with Fragrant Group.” Outlook of property development industry incumbents in Thailand The outlook last year was that the industry experienced slowed growth, but if you look at this in the context of the world economy, the figures from the World Bank reflect that the economy in 2015 will grow significantly. The US will grow 3.2%, Europe 1.1%, Japan 1.2%, and China up to 7.1%. This is consistent with Thailand. The government is supporting the economy with mass transit and other projects, which are all catalysts to propel the local real estate industry towards definite and continuous growth.