Bangkok--15 Nov--JWT Public Relations Luxurious marina lifestyles available to premium local and foreign buyers Ocean Property Company Limited, a premium real estate developer, celebrates its 50 per cent completion on the architectural works and the full project structural topping-off for the company’s latest condominium asset, Ocean Portofino. The project boasts its new marketing strategy “Ready-to-lodge suites” to draw interests of the prospects, namely both Thai and foreign investors to achieve anticipated sale volume. According to the plan to endorse global exposure for the soon-to-be-launched condominium, the company sets off to join the road-show “Mipim Asia 2007” in Hong Kong soon. Mrs. Nusara (Assakul) Banyatpiyaphod, President of Ocean Property Company Limited, says that the real estate markets in the vicinity of Pattaya—Jomtien with condominium projects lined up to top the list has a consistent growth of 10% per annum. The expansion of business is the result from several factors, including the raised demand of holiday homes from investors, the population growth in specific dwelling areas, and the sky-rocketing number of tourists from both domestic and international markets to Pattaya which totals approximately 5.3 million each year. It is widely expected that Pattaya will continue to gain greater rate of tourists, resulted from the newly-opened state-of-the-art Suvannabhumi Airport which provides better transportation system with easy access to cities of the Eastern seaboard. Over the years, the afore-mentioned factors have been drawing a series of strong competitions among the developers in condominium market which is categorized into 3 groups in terms of price, including the 5 million Baht range at 74%, the 3 — 5 million Baht rage at 11%, and the 5-10 million Baht range at only 2%. There are two business clusters for the real estate development projects of the Ocean Property Group operated in Pattaya; the business of Ocean Marina Yacht Club Hotel and the business of high-end condominium projects which comprises two buildings - the classic 32-storey San Marino Condominium and the latest 37-storey Ocean Portofino Condominium with the project value worth 1,800 million Baht in total. The new Ocean Portofino Condominium project, located in the area of Ocean Marina Yacht Club on Jomthien Beach of Pattaya, is constructed to serve the lifestyle of customers who desire to relax amidst the luxurious ambiance of marina and yacht club. With the new 180 degree panorama angle of every unit, residents can be exposed to the breathtaking views of emerald Gulf of Thailand. The project is excellently equipped with complete facilities and services with 50% completion on the architectural works and the full 100% topping-off for the structural corpus. The estimated completion time of the project is set in 2008 and it will begin to operate approximately in May 2008 as initially anticipated. It is estimated that this year’s sales should be at 60% of the total project’s value with the availability of half-and-half Thai and foreign occupations. The condominium’s new show suites is to be opened officially on the 17th floor to enable customers to experience the gorgeous scenic views from their future home windows, which help stimulate prospects to make immediate decisions to buy the property. Furthermore, the company has expedite the plan to promote better sale volume from Thai and international property buyers, aiming to penetrate A to A+ grade foreign investors who particularly wish to have a holiday home in Thailand. The new strategy “Ready-to-lodge suites” combines all embracing facilities for everyday life to respond the needs of the residents. Moreover, Ocean Property will also present the project in Mipim Asia 2007 in Hong Kong which is a unique get-together road-show for investors from over 350 organizations worldwide to showcase and update global development of the real estate business. The company anticipates good feedbacks towards the Ocean Portofino Condominium project from this show. Mrs. Nusara continues: “We plan to renovate the guest rooms and the function rooms of Ocean Marina Yacht Club Hotel in the near future in order to create an air of modernity to the settings. We also plan on enlarging and building more parking spaces to cater 70 more on-ground and on-water sailing vessels to meet the raising demand of customers in the future. The marine facilities had been recently renovated to serve as the venue of the 24th SEA Games held in Thailand which is taking place in the upcoming 6-15 December this year. Ocean Marina Yacht Club has been appointed by the Sport Technical Committee of the incoming 24th SEA Games 2007 to be the official site for the practicing, work-based training, and all-class sailing races for the national teams of Thailand and the 6 participating countries. For more information, please contact: JWT Public Relations Porntip Wiriyakitpattana, T: 0-2204-8210 M: 086-813-7981 Yada Srisammasheep, T: 0-2204-8214 M: 084-640-0058 Prasit Kritsadaariyachon, T: 0-2204-8216 M: 081-586-2813 Ocean Property Company Limited Papan Jittranusit, Senior Marketing & PR Executive, T: 0-2661-6800 Ext 205 M: 086-577-2778 Sales office, T: 0-2661-6800 Ext 606 www.oceanproperty.co.th