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Pattaya Property News & Blog


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


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Thailand leading property firms convinced that the market is still experiencing real demand and not developing into a bubble, are continuing to launch residential projects in line with their business plans in 2013.

This is despite the Bank of Thailand's (BOT) concern about the state of the market, which it has been monitoring closely due to worries about oversupply and speculation. The central bank, fearing a bubble could be developing, is planning measures to rein in the market for second homes.

Pattaya Jomtien Neo Sea View Condo Construction Update Apr 2013


Pattaya Jomtien Neo Sea View Condo Construction Update. Neo Sea View Condo is a modern complex consisting of 4 buildings of 8 floors each located Pattaya Jomtien Beach.

Each building has excellent amenities - swimming pool, terrace, reception, and a card entry system. Off plan buyers have the opportunity to buy an apartment on the early release price of 1,070,000 Baht for a fully furnished apartment.

Saturday, 13 April 2013 09:04

The Private Villa Market in Thailand

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Although no official statistics exist as to the number of luxury private residences on island’s like Phuket and Koh Samui in Thailand, but the private villa market in Thailand is far more extensive than most people know. People working in the management and rental of such properties say the figure could now be in the thousands.

“The scope and personalised comforts offered by these often invisible beach and hillside estates appeal to families, groups of friends and even global celebrities in search of a little tropical privacy,” said Wayne Hue, director of sales and marketing for Luxury Villas and Homes Ltd. ” They are surrounded by nature but with all the luxury accoutrements they have become accustomed to.”

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To prevent property bubbles in the real-estate sector, the Bank of Thailand has asked commercial banks to set strict conditions for property loans, while considering changing the loan-to-value (LTV) ratio to require a higher down payment for purchase of a second home.

Thailand property firms said such a measure would likely have little impact on the overall market, but the BOT should make its intentions clear.

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The Construction of Waterfront Suites and Residences is already underway in Pattaya, and now that Pattaya City Hall has released to local developers Tulip Group news of the soon to be opened Pattaya Marina at Bali Hai Pier in South Pattaya.

The new marina which has been under construction since 2012 will have in total 350 marina berths and is due to be fully completed within the next 6 months.

Thailand Developers Rushing into Khao Yai Property Market

Because the land use restrictions coming soon in this area, concern over the new Nakhon Ratchasima land-use plan has developers racing to launch projects in the Khao Yai mountain resort area, with 4,650 units recorded in 2012-13, according to Colliers International Thailand.

The research house said recently that if the final master plan were the same as the draft, it would limit building area and building appliances, which would directly hit the Khao Yai property market.

Burgeoning Demand for Large Public Land Sites in Bangkok

With increased political stability and strong economic outlook in Thailand, developer interest in large plots is likely to grow, While smaller prime land plots around central Bangkok are becoming scarcer, numerous large sized sites exist across the city ready for new development or redevelopment.

While a few of these sites are in private control, many are owned by state or quasi-state enterprises or agencies. according to observations by property management services company Jones Lang LaSalle.

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Universal Group organized a party recently to thank their sales staff and customers, after recently laying the headstone for their Seven Seas condominium project, and also announce the company’s second development in Pattaya, the Savanna Sands condominium, due to be launched by the end of 2013.

Savanna Sands will be a resort style condominium inspired by the spacious open prairies of Africa, and will certainly introduce a new concept to the condominium market in Pattaya. The project will be constructed on 12 acres of land on Soi Wat Bun, Jomtien, and will consist of 3 high rise buildings of 26 floors each, encompassing a total of 1,500 fully furnished units.

Hua Hin Real-Estate Market Continues Boom in 2014

Realty market in the Hua Hin area will see strong growth as developers from Bangkok launch condominium projects there in 2014, according to Knight Frank Chartered (Thailand) Co.

House buyer target is still narrow, focusing on locals, Bangkok expatriates and foreign retirees, while other tourist destinations such as Phuket and Pattaya also attract tourists and foreign investors.

 JSP Property Co Plans 5 New Projects Worth Bt7.48 Billion in 2013

JSP Property Co targeting revenue growth of at least 10% this year over last, and the company plans to develop five commercial and residential projects worth Bt7.48 billion in 2013, chief business officer Thanongsai Manothamraksa said.

The company's financial adviser is in the process of studying a plan to apply for listing on the stock market and increasing JSP's registered capital from Bt900 million to Bt1.3 billion, Thanongsai said. "We cannot provide more details now, but the process is ongoing," he said.

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