Nusasiri combines residence, fun and shopping in new venture

Visanu Thepcharoen, chief executive officer of Nusasiri, said the group would buy a 300-rai land plot in Sattahip district, Chon Buri, which will be developed into housing and condominium units. About 100-rai of the land plot will be developed into a water park and shopping plaza. The project will be launched for sales and bookings by the end of this year.
“The Grand Kingdom project will increase the group’s income and profitability. From our initial analysis, the project will provide good return on investment due to its prime community location on the southern side of Pattaya City, which attracts an increasing number of tourists every year. The Grand Kingdom project will also provide a new platform, which is different from any competitor in the market place – combining residential, retail and entertainment at one place,” said Visanu.
He said it would be the first time Nusasiri would be extending its portfolio from property development to entertainment attractions such as water park, which is also expected to give good return on investment to the group. Also, The Grand Kingdom project would be a significant investment for good returns and business performance for Nusasiri Group in the future.
Visanu said that The Grand Kingdom project would be run by a newly established subsidiary under Nusasiri Group, which will be set up after acquiring the land plot. The construction work will start in the third quarter of next year and the project will be opened for service in the third quarter of 2015. The group will appoint outside experts on the water-park business and shopping plaza to run the entertainment and retail complex, while its subsidiary will be responsible for project management and ownership.