Going Green in Pattaya
CW Asset takes advantage of a new trend by using solar power
and recycling to create a green condo. By Pornnalat Prachyakorn
A new generation of green home buyers in Pattaya may be attracted to a soon-to-be-developed green condominiums situated in Bang Saray municipality.
The 220-million-baht Bang Saray Beach condominium will generate its own electricity from solar panels, said Ms. Luek, managing director of CW Asset Co, the project developer.
"The idea behind a solar-powered condominium is that it will give buyers greater value at a lower cost and also contribute to a sustainable way of life," Ms Amorn said.
Situated on a 1-1-37-rai plot, 200 metres from the beach and 15 minutes south of Pattaya, the project will comprise two eight-storey buildings, housing a total of 144 units. Construction is due to start in December next year and will be completed in April 2013.
"A more managed approach to natural resources must be taken," she added.
Residential and industrial buildings have three major areas that can be managed: water consumption, electricity usage and refuse recycling and disposal, she said.
Apart from solar panels, other green amenities of Bang Saray Beach condo will include water recycling for landscape use, refuse recycling and advanced plumbing fixtures that help to minimise water consumption.
The electricity generated by solar panels will be used to light all internal and external common areas as well as power common-area facilities. Excess electricity produced will be sold to the Electricity Generating Authority of Thailand. "This green system is expected to help a condo juristic person reduce spending on power by 50-70%," Ms Amorn said.
Living near the beach and saving money while getting a higher quality of life are the project's prime selling points.
Unit prices range from 670,000 to 1.9 million baht or 26,000 to 46,000 baht per square metre. Sizes start from 25 square metres to 42 square metres.
Ms Imorn said ocean-view unit prices at the Bang Saray Beach condo were relatively affordable when compared to other projects in Pattaya with prices up to 120,000 baht per sq m for ocean-view condos.
The company has sold 15% of its units since its pre-launch in August. Currently, 70% of buyers are Thai. It expects to close sales by the end of 2011.
The project will be officially launched in December this year when unit prices are to be increased by 20%.
She said the solar panels are a relatively small additional investment to the cost of the project, but will represent excellent value and big savings over the life of the condominium.
Developer CW Asset Co is a joint venture between CWVC Co., Ltd (49%) and the Luek family of Bangkok (51%).
The Luek family has been engaged in developing and constructing residential and commercial projects in Thailand for the past 20 years with a focus on buying lands around industrial estates on the eastern seaboard and building low-rise apartments targeting industrial estate employee to expand the family's construction business in Thailand, particularly aiming to appeal to buyers who are looking for green housing.
"CW Asset has made it a priority to develop residential projects that have green operations and sustainable practices," she said. "We feel it should be a priority for all types of buildings to strive for the goal of green processes and sustainable eco-friendly methods."
Encouraged by quick sales of its first project, the company plans to develop its second 600-million-baht solar-powered project in 2012 consisting of a condominium, resort and hotel.
"It may sound naive, but everyone should do what they can to live green," Ms Amorn noted.