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Boutique resort part of focus on tourism.

Bangkok Post (Bangkok, Thailand)

| April 05, 2005 | COPYRIGHT 2005 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Kanana Katharangsiporn

Apr. 5--The property firm SG Development (Thailand) Co Ltd plans to continue its focus on new projects in major tourist destinations, with its top aim to develop a boutique hotel resort in Pattaya by the end of this year.

"Demand in the resort market exceeds supply, while the housing market in Bangkok, especially in prime areas like Sukhumvit, is showing signs of oversupply," said chief executive Songkran Grachangnetara.

Mr Songkran said that SG Development planned to invest about 50 million baht in the small hotel and resort in Pattaya, with 15-20 rooms on a 200-square-wah plot on the beach in Tambon Bang Sare, ...

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