Property Report

Contents

About Iguana 2

Property Ownership in Thailand 3

Deal Summary 4

INVESTMENT POTENTIAL

About: Pattaya and East Thailand 6

The Opportunity: Hyde Park Building II 8

THE PROJECT

Hyde Park Residence Building II 10

The Complex and Facilities 11

Why Hyde Park Residence Building II 12

Specifications 13

Due Diligence 14

Contact us 15

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 About
Iguana Company
The Iguana Company is recognised as a highly professional Iguana the Developer provide innovative designs to build
Thai property developer and constructor, designing and the finest condominiums and villas for the ultimate
building only premium condominiums and villas in choice customer satisfaction in luxury living. Hyde Park
locations. Founded by a team combining over seventy years Residence Building II and Pattaya Heights projects have
experience within property development, the company exceeded all expectations through meticulous attention to
operates under its own capital and by exclusive partnerships detail resulting in a higher level of quality than would
with external private investors. normally be seen in new luxury properties of this
standard.
The company's initial activities in real estate consisted
of buying land in select positions for the planning and Iguana the Constructor carryout the building works of the
construction of private villas, alongside purchasing second designs they create to perfection. By keeping the design
hand condo units, undertaking substantial reformation, and building in-house and incorporating their extensive
redesigning and modernising, following European experience of large-scale renovation projects, they complete
standards for resale. Examples include Baan Suan Lalana all developments to standards above those recognised in
- a development of 100 completely renovated units, Metro Europe, guaranteeing an inherent level of quality throughout
Condominium - a project of 50 extensively remodelled units, the entire project process from start to finish.
and the Hyde Park Residence Building I which consists of 79
units which was completed June 2008 and completely sold Iguana Property Management ensures clients have a
out. Also currently under construction due for completion Jan comprehensive on-site property management service, with a
2009 Pattaya Heights. choice of three management options, to enable the
maximum rental potential to be earned from investment in
As their experience in the local real estate market matured, their projects. The company also has a commitment to
they extended their line of business to start their own the resale of apartments upon completion, via on-site
exclusive condominium projects. With a shrewd insight to operations managing internet sites and membership to an
the future, and commitment to provide outstanding design established network of real estate companies within Thailand.
to the highest quality, the company has acquired lands of Condominiums are in strong demand from both local residents
their own within prime locations of the city of Pattaya for and particularly foreign purchasers as up to 49% foreign
future projects. freehold allows direct foreign ownership of units, a rarity for
overseas buyers in the Thai property market. For investor
buying under company formation enable the investor to buy at
a lower price hence increasing their yearly rental return.

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 Property Ownership
Hyde Park Residence Building II
Non-residents are permitted to purchase condominium The law also stipulates that foreign ownership of the
units in Thailand, according to the 1991 condominium entire building should be a maximum of 49%, owned
act; payment of the unit must be transferred from by non-Thai and 51% owned by Thai, calculated on the
outside Thailand, entering the country as foreign basis of floor size rather than units, although each unit
currency to be exchanged into Baht, with instructions that holds its own title deed. It is the only law within the
the funds are to purchase a condominium and providing Thai property legal framework which allows foreigners
details of the unit. A "Foreign Exchange Transaction to have direct property ownership.
Form" from the recipient bank must be completed for
each transaction, all of which must be presented at the Until last year, it was permitted by the government for a
Land Department to register the condominium. foreigner to purchase 100% of a building. Although
this is no longer allowed, if the permission to buy
If the purchaser has permanent residence or holds a 100% of a building was given before the new law was
non-resident or foreign currency bank account containing introduced, that 100 % ownership still holds today.
Thai Baht, they may use these funds for the payment of
the unit in Thai Baht. For the transfer of the
condominium, a withdrawal receipt and certificate issued
from the bank is required.

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 SECURITY OF INVESTMENT: It is of the utmost
importance that our investors feel safe and secure with
every investment made. Therefore our lawyers, Magna
Carta, have conducted extensive research and carried
out full due diligence for the project.

EXIT STRATEGY: The Chonburi region has a

significant expatriate community and growth increasing
at more than 20% year-on-year over the past three
years. The strength and growth of the expatriate
community highlights the growing demand for property
rental and resale. Property buyers in Pattaya are looking
for both second home and investment. Demand for
more permanent rentals is also emerging with

Deal Summary
increasing local business activity and foreign long-stays
(retirees.) Profile of Buyers: 60% of Pattaya prospects are
currently residing in Thailand (both Thais and foreigners);
25% of buyers are British nationals, 16% are Americans,
7% a re Scandinavian and another 6% are Irish.
INVESTMENT PERSPECTIVES: There is a strategy for all
types of investment, from a short-term hold approach that
relies on the capital growth alone, to a long-term
investment scenario where the estimated 8-12% rental
yields will add a supplementary income to the investor.
Hyde Park Residence Building II project is sold at 25%
under average market value, which gives the investor an
immediate return on investment.

LOCATION:. Hyde Park Residence Building II will be built

on the famous Pratamanak Hill in Pattaya, located near the
beach front of Pattaya and Jomtien, Don Tang and Cozy
Beach this building has all it takes to be a desired residence.

Not far from Pattaya's Walking Street with it's wide variety
of shopping centers, restaurants and coffee shops and
Down Town Pattaya the area enjoys all benefits of being
centrally located. Nevertheless the direct surrounding
neighborhood is surprisingly quiet and pleasant. Pattaya
is nestled along a picturesque bay on the East Coast of
the Gulf of Thailand, roughly 170 kilometers southeast
of Bangkok. From a fishing village in the 1960's,
Pattaya has emerged as the favorite Southeast Asian
vacation centre.

In 2007, Pattaya was the premier Thailand destination for

tourists, with a total of 5.8 million visitors. Moreover,
tourist arrivals have increased at an annual rate of 10%
since 2001, with most of the growth coming from
"premium" tourism, i.e. visitors who stay in four-and five-star
hotels. This segment represented 30% of all arrivals in 2007
and included growing numbers of tourists from places
such as China, Russia and Korea.

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 Investment Potential

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 About
Pattaya and East Thailand
A LEISURE RESORT
Pattaya is located on the east coast of the Gulf of Thailand,
only two hours by car from Bangkok (147km to the southeast
of the city), which will shortly be reduced to 90 minutes upon
completion of the new motorway currently under construction.
The city is ideally positioned to benefit from the extensive
domestic and international transport links now available
since the re-design and renovation of Bangkok airport, which
re-opened in September 2006. This state-of-the-art airport,
now the largest in South East Asia, cost US$4 billion and
can handle 45 million passengers each year and 76 flights
per hour. This means that Pattaya is only one hour away for
tourists arriving into Bangkok airport.

Known as the Thai Riviera, Pattaya is regarded as one of

Asia's top beach resorts; catering for every type of tourist,
whether family groups, single travellers or scuba and leisure
divers exploring the islands and shipwrecks off Pattaya.
White sand urban beaches where tourists can hire water
sports equipment are just meters away from the array of
hotels, bars and restaurants.

There are more than 20 international-standard golf courses

within an hour's drive of Pattaya, designed by household
names such as Jack Nicklaus and Nick Faldo. Pattaya's other
leisure attractions range from the sedate (tropical gardens,
Buddhist temples, zoos, fishing and sailing) to the more
active (amusement parks, museums, go-karts, horse riding
and shooting ranges), ensuring a constant flow of tourists not
merely looking for beach pursuits.

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 EAST MEETS WEST
Pattaya is a place where east meets west due to the
city's traditional Thai character and heritage and
more western entertainment and nightlife amenities.
Indeed it is probably the most cosmopolitan place in
Thailand after Bangkok. Pattaya offers international
dining as well as the world-renowned Thai cuisine for
well below western prices.

The nightlife of Pattaya, from beach parties to

sophisticated jazz clubs is diverse enough to cater to
tourists of all tastes and continues until sunrise.

YEAR-ROUND SEASON
Due to Pattaya's location on Thailand's coast, to the
east of Bangkok, it does not suffer from monsoons or
any adverse weather conditions. This makes Pattaya
and its surrounding coast a year-round resort,
relatively rare in Thailand due to the widespread rainy
seasons.

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 The Opportunity

Hyde Park Residence Building II

LOCATION: The project is located in the province of Chonburi, with a population
of 1.17 million (National Statistic Office Thailand 2007), it is the leading
province for tourism and business growth in Thailand, and the centre for
import and export activities due to its excellent infrastructure; the New Bangkok
International Airport (NBIA), Laem Chabang deep seaport and a complete
motorway system. Pattaya, located 147 Km southeast of Bangkok, is the top
tourist destination in Thailand, for both international arrivals with the NBIA
located between Bangkok and Pattaya, as well as a popular choice for Bangkok
residents as a weekend break.

PROFIT: Hyde Park building II project is being offered to clients at an average of

25% below current market value, so owners benefit from an inherent profit from
the moment they buy. If a conservative average capital growth of 15% for the next
4 years is presumed, investors stand to earn a substantial 177.16% return on
investment.

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 The Project

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 The Project

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 The Project

Hyde Park Building II

The Complex and Facilities The Apartments

The concept and planning that went into Hyde At Hyde Park Building II the requirements of you
Park Building II was the result of extensive the customer are the primary factor in the
market research within Pattaya and Jomtien design of the apartments.
areas. The intention of the research was to find
out what people really needed and wanted when All units come fully furnished and air
looking for an apartment in Thailand. conditioned. The kitchens are complete with an
Hyde Park Residence Building II is the result of electric hob, fridge, sink, fitted cupboards and
the vision and dream requirements of the buyer work surfaces. The living room has a dining
rather than the developer and includes all of the table, a comfortable sofa and television with
prerequisite needs and wants of you the stand connected to cable TV. The bedroom has
customer. (Possibly the first time this has been a double bed and built in wardrobes. The
accomplished here in Thailand.) bathroom is tiled and has a shower cubicle and
Hyde Park Residence Building II is designed for all sanitary fittings.
you, ultra modern, Fully Furnished, roof top
swimming pool with beautiful city and Bay views.

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 The Project
Why Hyde Park Building II?

The project is available to clients at an average of 25% below current market value.

Rental yields are expected to be in the region of 8-12%.

Hyde Park Residence Building II project is located 147 km from the new US$4 billion Bangkok
International Airport, now the largest airport in South East Asia, and capable of handing 45 million
passengers per year.

Pattaya was the number one holiday destination in Thailand in 2008

Pattaya has a year round holiday season, being a key retreat during the south-westerly monsoon,
between May and October.

60% of potential buyers for Pattaya are already resident within Thailand.

The Iguana Company has a commitment to clients to pro-actively rent and sell the condominiums of the
Hyde Park Residence Building II project upon completion.

The Iguana Company is also committed to maximising potential for their clients.

Inherent attractiveness for the resale and rental market, due to the inspirational design of Hyde Park
Building II project.

Situated within 5 minutes to beautiful beaches, restaurants, shopping and night life.

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 The Project
Specifications
All specifications, finishings and installations are
stringently set to meet with quality standards that are
in congruence with European standards.

Furniture
Kitchen area Bedroom room

Hob / Sink
Bed

Cabinets
Bedside

Extractor
Wardrobe

Refrigerator
Table

Dinning table Bathroom

Chairs
Shower
Living room
Toilet

LCD TV
Washing basin

Sofa / Coffee table

Dining table + Chairs

General Specifications

Structure: Driven pile, groundwork, reinforced concrete column, shear walls and floor slab.

Floor: Ceramic floor tiles 30 x 30 cms.

Wall: Plastered masonry walls with paint finish.

Ceiling: Gypsum board with paint finish.

Door: Hard wood.

Balcony Door: Aluminium, laminated safety glass.

Window: Aluminium, laminated safety glass.

Bathrooms: Sanitary fixtures and fittings, American Standard or equivalent.

Increasing Value
Backed by a thriving economy and a populace Most foreign property buyers are British, American,
brimming with retirees, tourists, expatriates and Australian and Swedish, a line up that has not changed
prosperous businessmen, Pattaya is fast turning the in recent years and remains a strong base for alien
heads of savvy investors looking for handsome ownership.
returns in a beach destination.
Pattaya continues to attract astute property investors, Russia recently entered the top five buying nations to
who believe today’s market conditions offer the demonstrate the emergence of Eastern European
opportunity to lock into excellent future returns, either investors. Increased interest from China and South
from rental income or through capital growth. Korea is due to the easing of restrictions on fund
transfers. The Germans, French and Scandinavians
Condominiums are popular among international are also important buyers, and reflect the increasing
investors as they are more affordable and the only trend for Europeans to purchase second homes
type of property in Thailand that a foreigner can own outside traditional European resort destinations.
100% freehold. Security and maintenance issues are
handled by common area management, adding to the
confidence in a holiday home investment.

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 Due Diligence
Magna Carta Co., Ltd.

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 Contact Information:

Thida Changpradab (Poo)

Mobile: +66 (0) 8 9939 7501
E-mail: poo.iguana@gmail.com
Website: www.hydeparkpattaya.com
www.iguana-group.com

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