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

 


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Yingluck_Shinawatra

Thailand Tourism will continue rising returns from China, ASEAN in coming years; Tourist Court urged amid safety concerns. Good news awaits Prime Minister Yingluck Shinawatra today: the Tourism and Sports Ministry is set to upgrade projected tourism revenue for 2015 to Bt2.2 trillion.

Tourism Minister Somsak Pureesrisak, who will meet with the prime minister today to present his plans on how to achieve the goal, believes tourism will remain buoyant over the next two years, amid increasing inflows of Japanese and Chinese visitors in light of ongoing conflicts between the two countries.

Tourism revenue is expected to reach Bt2 trillion in 2014, up from the previous Bt1.8 trillion forecast.

"Tourist safety will be on the national agenda," said the minister, who yesterday asked the Department of Special Investigation (DSI) to crack down on mafia gangs in Phuket.

Pattaya would be the next target area, as gangsters are now involved in businesses that affect tourists, particularly jet-skis and taxis. He acknowledged that Hong Kong had warned its people to be careful of travelling to the two cities. "That is not good for the country," he said.

Under the plan, Thailand aims to be a tourism hub in Asean, setting out to draw more quality tourists and to encourage them to stay longer. To facilitate this, the proposed Tourist Court must be set up.

The ASEAN hub goal comes at a time when the region is being urged to develop multi-country packages, to allow travellers to experience unlimited variety in terms of culture, landscape, people, flora and fauna, food, handicrafts, entertainment, shopping, recreation and excitement, within the 10 member countries of Asean.

Thailand earned Bt984 billion in tourism revenue in 2012, from 22.35 million foreign visitors. By region, tourists from Europe (5.45 million) spent the highest portion, Bt357 billion, according to the Department of Tourism.

By country, China topped the chart, with Bt106 billion spent by 2.76 million visitors. Most tourists were from ASEAN states at 6.3 million or 28 per cent overall.

The new revenue target is set despite a global economic malaise eating into the purchasing power of tourists in several countries. This has sharply cut demand for Thai exports. But with Thailand having already welcomed 12.7 million tourists in the first half of this year, including 2.27 million from China, private business operators are convinced the industry will remain buoyant and that the new target is achievable.

Piyaman Tejapaibul, president of the Tourism Council of Thailand, said new infrastructure initiatives like the high-speed train would boost tourism, as the routes will facilitate travel to major provinces rich in cultural and eco-attractions.

President of the Association of Domestic Travel Yutthachai Soonthornrattanavate said that concrete plans were necessary, though, for long-term development. Policies must be clear and consistent, not swayed by ad-hoc problems. He also urged for a special law to empower tourism authorities in charting development plans. He agreed that safety was a top issue, but said information gathering and dissemination was also crucial.

Sansern Ngaorungsi, deputy governor for Asia and the South Pacific at the Tourism Authority of Thailand (TAT), foresaw that Chinese tourists would constitute a major part of arrivals. Despite a slowdown in China's economy, the number of arrivals is expected to hit 4.2 million this year. Plus, tourists from ASEAN would be attracted by city-to-city campaigns.

Chinese tourists in the first half accounted for nearly 18 per cent of all arrivals, against the 11 per cent per cent in 2012.

AirAsia expects to do well from the plan. Tassapon Bijleveld, CEO of Thai AirAsia, said that while China's demand was huge, Indochina also had big potential - as shown by a 35-per-cent rise in regional tourists in the first half.

The trend should continue over the next few years, he said.



Southpoint Pattaya

SOUTHPOINT PATTAYA

Pattaya new zoning regulations are expected to increase value for property investors who wanna buy quality condo project in prime locations on sizable land.

The regulations, which come into immediate effect, decrease plot ratios from 10:1 to 5:1 and are aimed at reducing the density of buildings in Pattaya and decreasing pressure on the city’s infrastructure.

BAAN PLAI HAAD CONDO Pattaya

Baan Plai Haad  Condo Pattaya by Sansiri

Thailand's booming property market is hoping to attract wealthy Chinese buyers who are increasingly looking to set foot in places further afield from their traditional investment destination, Hong Kong.

According to the Financial Times, Thailand is one of the emerging property markets for mainland Chinese buyers. As many as 2.7 million Chinese tourists visited Thailand in 2012 and it is expected that their number will grow this year. Thai developers are hoping that some of them might choose to invest in real estate in the country, especially in Phuket, where construction of luxury accommodation is flourishing.



Chiang Mai

The Chiang Mai condo market supply of new condominium units in hit a 17-year high of 18,640 in May, according to Colliers International Thailand.

Statistics show that more than 1,640 units were completed and registered at the Lands Department this year up to May, company's senior research manager said yesterday.

Chiang Mai, which is the main business and educational centre for the North Thailand, was a popular location for condo development in the 1980s and '90s, but that growth ground to a halt as a result of the 1997 financial crisis. Recently developers have started to build there again, according to the latest "Chiang Mai Condominium Market Report".



 5-Star Royal Tulip Luxury Hotel in Pattaya

Pattaya Property developer Tulip Group recently announced the company had entered into a Memorandum of Understanding (MOU) with Golden Tulip Hotels and Resorts for a new luxury 5-star hotel on Soi 5 Phratamnak Hill, Pattaya.

The luxury 25-storey high rise 5 Star hotel is set to be one of the most beautiful properties in the area and is just steps from the stunning Cosy Beach. EIA approval and the building permit are already in place, and Tulip Group will start construction on the project as soon as agreements are finalized with Golden Tulip Hotels.



Southpoint Pattaya

SOUTHPOINT PATTAYA

Kingdom Property’s appointment of Bouygues Thai will ensure that Southpoint Pattaya is completed to strict quality standards and on schedule, Kingdom Property has signed a contract with Bouygues Thai that will see the international construction company build the Thailand-based real estate developer’s highly anticipated debut project, Southpoint Pattaya

Located in the Pratumnak Hill area of South Pattaya, the piling of Southpoint by Thai BAUER will be completed this month after which the construction will begin as the fast selling development moves forward towards its completion date at the end of 2015.



The Vision Condo Pattaya

The Vision Condo Pattaya

Pattaya property developer Matrix Developments see great future of Pattaya property market, with the company’s plans launching new projects for the next couple of years. (The Vision Condo Pattaya, Amazon Resort Residence , City Center Pattaya, The Sky Condo)

With a vast portfolio of developments already under its belt, Matrix has undoubtedly become one of the key players in the real estate sector in Pattaya. Currently Matrix Developments is marketing two major projects; the first being The Vision Condo Pattaya on Pratumnak Hill, described as “a world-class high rise building offering state of the art architecture, beautifully designed with many facilities in one of Pattaya’s most desirable locations.”



Amata factory estates

Thailand Land for Sale

Amata Corporation, Thailand's major developer and manager of factory estates, is confident the environmental impact assessment (EIA) for its 3,500-rai expansion will be approved in 2013, ending a long dispute with communities. The company has been struggling to receive EIA approval due to ongoing protests by area residents who claim the move will affect their farming area.

"I'm not worried about environmental issues. I believe the Office of Natural Resources and Environmental Policy and Planning (Onep) will approve the EIA since we've done everything required of us," Viboon Kromadit, Amata's director and chief marketing officer said.



Amata factory estates

Thailand Land for Sale

Amata Corp, Thailand's major developer and manager of factory estates, is set to expand its industrial zones to cater to Chinese investors, who are expected to set up 300 to 500 plants in its zones in the next five years.

There are around 60 Chinese factories in Amata zones currently. The firm's zones are expected to have 100 plants by the end of 2013.

Viboon Kromdit, chief marketing officer, expects the company to see better operating performance in the second half of this year, following greater investment in Amata City in Rayong by foreign companies, particularly those from China, which have relocated production bases after facing trade barriers to their exports from some trade partners.

BANGKOK-OFFICE-rental

The dominance of Asia in the world’s most expensive office locations continued, as Hong Kong-Central remained the highest priced market and three other Asian markets were in the top five. By contract, Bangkok became the cheapest office location in Asia Pacific despite the increase in average rents by 5.3% year-on-year for prime grade A CBD office buildings, according to CBRE Global Research and Consulting’s semi-annual Prime Office Occupancy Costs survey.Hong Kong–Central’s overall occupancy costs of THB 6,539/sqm/ month topped the “most expensive” list for the third consecutive time. London’s West End followed with total occupancy costs of THB 6,187.

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