Tulip Group confirmed recently that its latest luxury property, Centara Grand Residence, has received official EIA approval (Environmental Impact Assessment) and that construction has now begun.
Located next to the beach, the luxury property will consist of three towers, with two residential towers and a five star hotel – Centara Grand Jomtien – occupying the third tower.
The project is likely to become the most luxurious branded residence on Jomtien beach, with seven swimming pools, a water park, an aquarium, tennis club, and five restaurants surrounded by some 15,000 sqm of lush landscaping. All the rooms will benefit from sea views and to date the project is 50 percent sold.
In conclusion, the Condominium Act was enacted with the view of addressing the common concerns of condominium owners with respect to their rights and to curb the abuses formerly encountered by potential buyers and owners alike. As a result, these individuals have been granted greater benefits and protection unlike anything what the law has accorded them before.
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