Tulip Group cultivates Pattaya office market

Published: 01/02/2012 at 10:39 AM
Category: Featured, Real Estate
Tag: Pattaya, Rayong

Tulip Group, the Pattaya-based residential developer, has announced plans to build a 2-billion-baht, 44-storey office building in central Pattaya to harness the potential of the office market.

Kobi Elbaz, the group’s founder and chief executive, said while there is no

Tulip Group, the Pattaya-based residential developer, has announced plans to build a 2-billion-baht, 44-storey office building in central Pattaya to harness the potential of the office market. Kobi Elbaz, the group's founder and chief executive, said while there is no office supply in Pattaya at the moment, demand is rising from industries tied to electronics, automotive, spare parts and fuel.

Bangkok Post

office supply in Pattaya at the moment, demand is rising from industries tied to electronics, automotive, spare parts and fuel.

“Pattaya’s property market is booming,” he said.

“It is attracting new investment and business due to its better infrastructure, new large department stores and hotels.”

Mr Elbaz said demand will also come from big companies aiming at expansion in Pattaya and Rayong. Some of them plan to have head offices in Pattaya.

Emerald Tower Pattaya will be built on a 5-rai plot on Sukhumvit Road in central Pattaya with a total leasable area of 28,000 square metres.

It is believed to be the first high-rise office building in the area.

After a launch this year, the project…

Full story from Bangkok Post at http://goo.gl/JYszz

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