FRAGRANT GROUP COLLABORATES WITH EVASON HOTEL GROUP IN 10 BILLION BAHT INVESTMENT TO DEVELOP SIXTH ELEMENT NA JOMTIEN IN UP-AND-COMING PATTAYA

VI Element - Collage (Beachfront, FP, Exterior, Scuba Diving Pool & Interior)
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Fragrant Group (Fragrant) is ready to expand its business into areas of considerable economic clout to develop Sixth Element Na Jomtien, a World-class Freehold Mixed Use Property with Evason Hotel Group (Evason), a hotel chain under Six Senses Hotels Resorts Spas. Drawing inspiration from the local culture and incorporating the concept of nature and its five elements (Earth, Wood, Water, Gold and Fire) into its design, Sixth Element Na Jomtien incorporates 5 luxurious condominiums, retail outlets a high-end hotel and stands out by being one of the tallest buildings in Pattaya.

Located on a 34-rai plot of land at Soi 8 and 10 on the beautiful Na Jomtien beach, Sixth Element features alluring landscapes and seasonal greenery and eco-innovations such as potable tap water, water recycling and heat recovery systems. The 10 billion Baht development also offers a blend of family-friendly facilities, comprising BBQ & Recreation Areas, Philosopher’s Garden & Heritage Club, Stage & Amphitheater, Beach Club with Pools, Discovery and Play Pods, Rock Climbing Wall, Horse Riding Field, Orchard & Organic Vegetable Farm, Clubhouse with Fitness & Yoga Facilities as well as Children, Lap and Scuba Diving Pools. Mr. James Duan, CEO of Fragrant Group expressed his delight in Fragrant’s collaboration with Evason. He said that to ensure the quality of living of this project, Sixth Element will be managed by the Evason. Evason will oversee the Hotel and Wellness facilities to deliver the best quality experience that every family member can enjoy.

WHY WAS PATTAYA CHOSEN FOR SIXTH ELEMENT?

2015 has been considered by investors as a golden year for Real Estate Developers in the Asian region, as it showed more promise of growth, compared to other regions in the world. In 2013, it was found that Thailand was among the Top 10 Tourist Destinations worldwide and the 7th in ranking of International Receipts, with earnings from tourist spendings reaching approximately 42 billion US dollars (around 1.26 trillion baht).

Pattaya was chosen as the location for Fragrant’s new development as Fragrant recognises the potential and future of up-and-coming Pattaya – an important tourism destination in Thailand and the second most visited city in Thailand after Bangkok. The new eastern city itself has a favourable geographical location that stands to benefit from the Upcoming Infrastructure Developments such as the Monorail Transport System, the expansion of the U-Tapao Airport and Airport Link from Bangkok to Pattaya, as well as the new Docking Pier – efforts to improve public transportation by land and sea. Besides that, it will also benefit from the upcoming Railway Projects, more efficient road infrastructure connecting it with Vietnam, Cambodia and Bangkok. With state support, transportation for tourism or business in Pattaya will become more convenient and efficient and demand for residences or hotel accommodations will thus grow.

AND WHY AT NA JOMTIEN?

Na Jomtien is about a 2-hour drive from Bangkok and not far from Central Pattaya. ,the setting in Na Jomtien is both natural and peaceful, with its own flavour. It was also chosen as it complements well with Fragrant’s and Evason’s focus on the environment and attention to details, of every aspect of experiential service delivery.   

OUTLOOK OF THE PROPERTY DEVELOPMENT INDUSTRY IN THAILAND

The Property Development Industry in Thailand experienced slowed growth last year. However, looking at the broader context into the outlook of the World Economy, it is anticipated that Thailand will experience growth consistent with that of the other regions, such as US, Europe, Japan and China, which are projected to experience growth of 3.2%, 1.1%, 1.2% and 7.1% respectively. On top of that, catalysts such as the Thai’s Government’s Initiatives and Infrastructure Plans would propel the Thai economy and Local Real Estate Industry towards definite and continuous growth.   

To find out more about Sixth Sense Na Jomtien, contact Fragrant’s Singapore Office at

Tel: +65 6809 7516 / 8683 0889, E-mail: e[email protected] or visit http://www.fragrantgroup.com/sixthelement

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