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In His own Words April 2014


  • George Foose
  • Executive Director, Sports Engineering And Recreation Asia Ltd.
  • Age: 66
  • Born: South Bend, Indiana, USA
  • Family: Single
  • Time in Thailand: 33 years

  • George Foose has spent half of his life in and around Thailand, moving overseas only a few years after leaving Thunderbird School of Global Management. With that, his studies at the University of Notre Dame and five years at Clark Equipment Company behind him, he was let loose on South East Asia. A few steps down the line and he is now in charge at Sports Engineering And Recreation Asia – better known as Seara International.

    Seara specialises in the design, development and installation of international standard sports, recreation, athletic, fitness and health facilities. The company provides its products and services to developers, contractors, architects, owners, and operators of hotels and resorts, property developments, private clubs, health facilities and governmental projects. They focus on the very highest quality, building sports facilities only to the international standards set by the governing bodies of those sports.

    Seara has offices in Bangkok, Ho Chi Minh City, Phnom Penh, Koh Samui, Hanoi, Phuket, Dhaka, and, recently, Pattaya. More are opening soon Myanmar, Sri Lanka and Bhutan. We caught up with George at the head office in Bangkok.


    How did you get from South Bend to Bangkok and how have your experiences along the way helped you?

    “I spent five years with a Fortune 500 company in the US after I finished grad school. I left that company and came to Asia, where I'd made a number of trips for the company, and I ran into a classmate of mine, who said that his distributor for South East Asia might have a position open. I went and interviewed for it – it was an Australian company with offices in Indonesia, Singapore and Kuala Lumpur. I worked for them and, six months later, went to Kuala Lumpur.

    “Later, I decided that I had to get out of anything to do with steel. I wanted to get into consumer marketing. I saw that a US company had set up a joint venture in Hong Kong. That company was called Club Corporation of Asia. They were the largest owners and developers of high-end, luxury private clubs in North America. I went to work at a property they had just taken over and were redeveloping in Singapore. Then I moved to Hong Kong as their Director of Marketing. Then I grew weary of Hong Kong and I said that I wanted to move to Thailand. We split the territory – one marketing manager for northern Asia and one for the south. I took the south and moved to Thailand.

    “During that time, my Canadian business partner started what became Seara in 1991. I left Club Corp in 1998 and came in and started the process of restructuring and changing the share ownerships and business model and we've been Sports Engineering ever since then.

    “It made sense because working for Club Corp was all about the development process and the marketing and operating of private clubs. Whether they're dining clubs at the top of a building in the financial sector or whether it's a large golf and country club or a city athletic club, it's all about amenities and knowing your operating cost. This business is all about knowing the difference between quality and not. It's a perfect blend for what Seara does because, when we talk to customers, I have the background so I know exactly what things cost to operate and what it takes to market them.”


    Going into Pattaya, what expectations did you have about the market for Seara and did the city meet them?

    Going into Pattaya“I expected it to be similar to Phuket, only I wouldn't think that the farangs in Pattaya would have the same amount of disposable cash as the ones in Phuket do because you have more million dollar homes going into Phuket, but it's been okay. It was above our expectations on retail sales.

    “Commercial sales are still a bit tough because the commercial market there is still kind of low-end. All those condos are about 38 square metres. If you spend 950,000 baht on your condo, are you going to come into our store and spend 200,000 baht on fitness? Probably not – you're probably going to put a dishwasher in the place.

    “In the condominium market, some developers take the amenities of their project very seriously and others just low-ball it so they can shove it onto the marketing material. An example of a good one is Nigel Cornick and Kingdom Properties. He's selling a brand. The brand is what's going to make his next project and the amenities are part of that. Raimon Land, too, does really good amenities and we've done everything there for the last 10 or 12 years. There are some public listed companies here where we don't sell anything cheap enough for them. Some of our competitors will go that low, but we won't because something that low can't be supported or repaired. So, we're waiting for a lot of the property developers to move up the value chain so that they're in our lowest levels and up.

    “It's only in the last five years that high-end hospitality has moved into Pattaya. I think the first one to start it was Northshore. Before that, property was selling in Pattaya for 35,000 to 40,000 baht per square metre. They launched Northshore at 75,000 and, before it was even finished, people were reselling their units for up to 120,000 baht per square metre. At about the same time, a number of the branded hotel projects started coming in, like the Hilton and Pullmans, and that's when we started looking to get an office there.”


    What do you think the population of Pattaya might be, and what proportion of that is expatriates?

    “Pattaya is the urban area for the Eastern Seaboard, which is becoming basically one big urban area from Bangkok all the way to Rayong. If you were to say just the Greater Pattaya area including Jomtien, Na Jomtien, in as far as Siam Country Club and north as far as Laem Chabang, there must be five million people there of which 4.5 million are Thai. I don't really know.”


    What are your plans for the future, both for your company and you?

    “I'm going to stay here,” he said, meaning Thailand generally rather than Bangkok specifically. “I've got a house in Bang Saray. My hobby is sailing and I've got a sail boat in Ocean Marina. I've got nowhere else to go,” he joked.



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    Luxury Properties

    Luxury Properties

    What constitutes a luxurious home? Is it the location, or perhaps the design and build? Or is it a spacious grand villa with expansive land and manicured lawns? Perhaps a state of the art penthouse apartment in a swanky condominium? There is no definitive answer as everybody’s taste is different and what to some people might be the ultimate in luxury, to other people might be an over furnished and cluttered living space.What cannot be disputed, however is that the location can add that extra zing to any type of property.

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    Ten tips to increase the value of your property

    Ten tips to increase the value of your property

    Research has confirmed what many have suspected: that the differentials between a top-end property and a truly luxurious one are increasing.

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    Common mistakes agents make

    Common mistakes agents make

    Competition is stiff in the property world. If you don’t provide your client with the best possible service, they could go elsewhere. We have selected some of the industries faux pas for you to take heed of.

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    Preparing For The High Season

    Preparing For The High Season

    We are all aware that this low season many businesses have been complaining that trade is bad and every industry has been hit by a downturn of people on Pattaya’s sois. Real estate has been no different, and any agent or developer will inform you that times are tough.

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    Gearing Up For The High Season From a Digital Perspective

    Gearing Up For The High Season From a Digital Perspective

    With the high season about to kick off soon, we at The Pattaya Trader wanted to ask a pertinent question….

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    COST OF ADVICE

    COST OF ADVICE

    A friend recently complained about the fees he had paid to his broker in the UK to manage his portfolio over the last year. He has a moderate fund of $60,000 and had paid just under $900 for the last 12 months.

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    THE LAUNCH PARTY OF VILLA ASIATIC

    THE LAUNCH PARTY OF VILLA ASIATIC

    Hosted by Catherine Petit Managing Director of FED Property Co.,Ltd. (www.villaasiatic.com) at The Havana Bar, Holiday Inn

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    Bringing Your Property Business into the 21st Century

    Bringing Your Property Business into the 21st Century

    Buyers have changed. The Russian numbers have dropped significantly and the Chinese have shown signs of moving in, along with their Korean and albeit in smaller numbers Japanese counterparts.

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    5 Reasons Why Your Business Should Be Using Banner Advertising!

    5 Reasons Why Your Business Should Be Using Banner Advertising!

    Getting ahead in business nowadays very often means doing the things that your competitors aren't doing .When it comes to websites and digital marketing there are nearly always things you can do to help raise the profile of your business and generate more enquiries.

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    Get addicted when you’re young.

    Get addicted when you’re young.

    This came to mind watching young and middle-aged farangs in Walking St. I wondered how many of them had a regular savings habit and how many just squandered their earnings as they came ? Let me ask you how many retired people you know who have no regular savings and just get by on state pensions from their country of origin? If they had been forced to make pension contributions while working, then their golden years would not be impoverished ones.

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    Last Will and Testament

    Last Will and Testament

    The Last Will and Testament is a declaration of intent concerning disposition of your assets or other matters which shall take effect, according to law, after your demise.

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    AMAZING DEALS ON LAND AND PROPERTY

    AMAZING DEALS ON LAND AND PROPERTY

    If you’ve ever wanted to live directly on the beach look no further than this fabulous 3 level home located at a great Waterfront location in Na Jomtien. Boasting 6 magnificent bedrooms and bathrooms 2 living rooms and a stunning sea view swimming pool it is set in beautiful landscaped gardens and is available complete with luxury furniture, fixtures and fittings.

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    If you have a Thai wife-Face Reality.

    If you have a Thai wife-Face Reality.

    Many “farangs” living happily in Thailand, with a young Thai wife and small children, live with their head firmly in the sand. Some are afraid to look at their future and what will happen to their children when they pass away.

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    City Garden Tower - New Sales Office

    City Garden Tower - New Sales Office

    The Global Top Development, City Garden Tower is a centrally-located luxury condominium that is setting new standards in design and sophistication for city living in Pattaya. City Garden Tower’s high-rise domination of the Pattaya skyline is both awe inspiring and inviting at the same time.

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    Costs Costs and more Costs

    Costs Costs and more Costs

    There is forever a debate in our industry about costs, whether it’s the cost of advice, the cost of products or the cost of investing.

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