Epirus Development Group, a leading real estate developer in Pattaya, has launched its new luxury condominium brand, "Andromeda." This project, valued at over 1.2 billion baht, boasts a prime location and design that ensures every unit offers a stunning sea view with a 270-degree perspective, starting at just 2.8 million baht. The company aims to achieve total sales of 1.5 billion baht this year and plans to introduce three more projects next year, valued at no less than 5 billion baht, expanding its market presence in Pattaya, Si Racha, Rayong, Bangkok, and surrounding areas.

Mr. Chalermpol Khonjaem, Managing Director of Epirus Development Group, stated that the company has been developing real estate in Pattaya and Chonburi for over 10 years, having completed three condominium projects worth over 5 billion baht, including APUS CONDOMINIUM, CETUS, and DELMARE BEACHFRONT, which have received positive responses from customers in Pattaya and Bangkok. This year, the company is set to unveil a new condominium project on Pratumnak Hill in Chonburi under the name "ANDROMEDA," developed by Cliffside Enterprises Co., Ltd., a subsidiary of Epirus Development Group. This high-rise condominium will feature 36 floors and only 216 units, with a project value of 1.286 billion baht, situated on one of the most beautiful plots of land on Cosy Beach, offering tranquility, privacy, and breathtaking views of both the sea and the hills, akin to living in a condo on the Santorini islands of Greece. This location is ideal for both Thai and foreign residents and is close to numerous beautiful restaurants, just a short drive of less than 10 minutes to downtown Pattaya.

Mr. Chalermpol further elaborated on the company's business development plans, stating that he has been involved in the real estate sector and related businesses for a long time. Before starting the residential development business under Epirus Development Group, he managed his family's business, Ban Amper Trading Co., Ltd., a major dealer of construction materials in the eastern region of SCG, as well as construction contracting and importing and selling foreign products. Being a local from Pattaya, he has witnessed the changes and growth of the area’s potential. Recently, many local and large developers from Bangkok have entered the market, developing projects for sale and rent. The consumer market here is diverse, including Thai buyers seeking residences, those purchasing second homes, and expatriates, each with different real estate needs. For Epirus, the focus is on developing projects for both Thai and foreign customers as second homes for relaxation. The most important aspect is the emphasis on design and project quality to gain acceptance from both Thai and foreign clients, contributing to the sustainable growth of Pattaya.

Epirus aims to develop all types of real estate projects, including high-rise condominiums and low-rise properties such as single-family homes and townhomes, as well as hotel businesses. The operational plan is divided into three phases: 1) Short-term: From 2017 to 2020, the plan is to develop at least 3-5 projects annually, with at least 3 condominium projects expected in 2018, totaling around 5 billion baht. 2) Medium-term: The company plans to expand development beyond Pattaya to include areas like Si Racha, Sattahip, Rayong, and Bangkok. 3) Long-term: There are plans to list the company on the stock exchange to grow as a leading real estate development company. This year, the sales target is set at 1.5 billion baht, aiming for at least 20% annual growth.

Mr. Chalermpol concluded by sharing his perspective on the Pattaya real estate market, stating that while the market has faced short-term impacts from supply factors over the past five years, Pattaya's status as a global city continues to attract both Thai and foreign tourists, ensuring sustainable growth in the real estate market. Developers must deeply understand customer needs and adapt projects to the ever-changing market.

Thank you for the information from www.apus.co.th