Pattaya Condo


Pattaya Property News & Blog


Pattaya Property News & Blog Supplied by Pattaya Condo Property Sales & Rentals, Real Estate Management.


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Developers Tap Rising Demand in Tourist Destinations of Thailand

Thailand property developers have expanded into the condominium market in tourist destinations, especially resort beaches in Chon Buri including Pattaya, where more than Bt200 billion in projects will have been launched this year to date and land prices have doubled in five years.

According to a survey of the Government Housing Bank's Real Estate Information Centre (REIC), over 200 condo projects worth Bt170 billion have already been introduced to the market as of the middle of this year.

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New Home Registrations in Greater Bangkok up 7%


According to a survey by the Real Estate Information Centre (REIC) of Government Housing Bank in Thailand, the registration of new homes in Greater Bangkok recorded 57,300 units in the first half of the year, up 7% from 53,800 units in the same period of 2012.

Of the total, 33,200 units are in Bangkok proper, and the remaining 24,100 in the provinces Nonthaburi, Pathum Thani, Samut Prakan, Samut Sakhon and Nakhon Pathom.

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At the end of 2012,the residential inventory in major provinces showed 71,770 units worth Bt229.26 billion and the units are expected to take about two years to sell completely, according to a survey by Real Estate Information Centre (REIC).

The main provinces in this research included Chiang Mai, Prachuap Kiri Khan, Phetchaburi, Ayutthaya, Chon Buri, Rayong, Nakhon Ratchasima, Khon Kaen, Phuket and Songkhla in Thailand.

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