Powerhouse Development Co., Ltd. is known for a single project, Water’s Edge, a small condominium right on Na Jomtien beach (listed in our catalogue as Water Edge). Public data describe it as an eight-storey building with 37 units at the end of Soi Na Jomtien 8, completed in November 2015. The company describes itself as a team of developers and agents with more than 60 years of combined real estate experience, whose management has worked on projects in Thailand, Malaysia, Singapore, Canada, Mexico, the UK and the Middle East. We found no other projects of theirs in Thailand.
Buyers at Water’s Edge should keep in mind what a small building at the water’s edge involves. The cost of the pool, lifts and security is shared among just 37 units, so ask for the juristic person’s budget, the size of the sinking fund and any arrears in fees. Check the condition of the facade, balconies and building systems, since sea air speeds up wear, and confirm the foreign-quota status of the specific unit.
