Listed property developer Sena Development (SENA) plans to launch a residential project in Pattaya next year, according to the Bangkok Post.
The company will ask shareholders on December 27 to approve purchase of a 100 rai piece of land in Pattaya Country Club with an appraised value of almost THB2 billion (US$64.9 million).
The decision comes after widespread floods are believed to increase demand for second homes in resort destinations such as Hua Hin and Pattaya and the company sees opportunities in the golf home segment of the market.
The first phase of the project will comprise of 10.2 units. The project is the company’s first development in the provinces and it plans to alter the design of the buildings so that they will be raised from the ground.
Source: Property Report
