One of the largest developers in Pattaya, with 34 projects completed to date, and another 12 currently under construction with 8 more scheduled to start in the next few years.
Projects occupy 50 Rai (80,000 sq.m.) in Pratumnak Hill Pattaya. Pratumnak Hill is widely regarded as the best location in Pattaya often referred to as the Beverly Hills of Pattaya.
WHAT IS NEW NORDIC‘S VISION?
Vision is to build its own European town within Pattaya. They are acquiring as much land as they can in a concentrated area of Pratumnak Hill. New Nordic are not only constructing condominiums, but are also developing infrastructure, like restaurants, bars, convenience stores, massage shops, gyms, even a shopping centre, to service the customers residing at these condos.
It will become Pattaya’s first all inclusive holiday resort also offering shuttle bus services to other parts of the city.
WHAT IS NEW OFFER?
We have a very attractive offer for private investors. They offer a secured investment with GUARANTEED returns of 10% p/a, subject to the different options available the guaranteed returns range between 5 years and 20 years.
They also offer buy back offers on certain projects.
WHAT IS YOUR SECURITY?
Your security is that you are actually purchasing a condo that is transferred into your name at the relevant land office. This is your property and you are entitled to do with it what you please.
HOW DOES IT WORK?
Building serviced apartments under the condominium banner, this means every “unit” is actually a “condominium” so it is a property in it’s own right. You are effectively buying a condo that you are then leasing back for the term of the investment.
HOW CAN THEY GUARANTEE A 10% RETURN EVERY YEAR?
They are an accommodation group. They manage the “condominium buildings” as serviced apartments, hotel concepts and accommodation resorts. By doing so the group is receiving higher returns than if they were renting out condominiums on long term leases.
If they are running at 50% occupancy they are turning over enough revenue to not only honour their commitment to the investors, but also to make a profit. This developer has been on the market for 13 years and every investor has been paid on time every month with not a single delay in the payment.
Having a professional property management and hotel company as part of the Group, are very active in marketing their serviced apartments and other businesses in the Nordic city. In August 2015 the overall occupancy of hotels was 65%, this is in the middle of low season (also when the Bangkok bombing happened).
They have contracts with multiple tour operators, that pre-booked rooms for their clients going forward for the next 5 years. Over the high season the Group’s occupancy rate is 90-95%.
Even at paying 10% return to investors they are still able to keep their business profitable