The Nation: PACE plans 2 new projects worth BT4 bn
14 October 2015
PACE Development Corporation Plc., is planning to launch two new projects worth Bt4 billion, chief executive officer Sorapoj Techakraisri said.
Investment in project in Niseko, a famous mountain resort town on Hokkaido in Japan, is also under consideration, he said in a press release yesterday.
He said the company had agreed to purchase a prime plot of land on Naradhiwas Road in Bangkok and was working on a plan to build a residential high-rise development there, taking advantage of the neighbourhood's convenient, quiet and liveable atmosphere.
The approximately 2.5-rai (4,000-square-metre) plot is conveniently accessed via Naradhiwas and Nang Linchi roads, with connections to Sathorn and Rama III roads. The company plans to announce more details on the development early next year, he said. The location of the second Bangkok project has not been finalised.
Furthermore, PACE is doing a feasibility study on a ski-resort villa development in Niseko to cater to the large number of Thai and other international tourists who visit the town during the ski season.
Widely regarded as one of Japan's premier ski resorts, Niseko is a beautiful and pristine town, and visitors can enjoy its powder snow virtually throughout the year. It is estimated that Niseko welcomes as many as 1.5 million visitors every year.
