Pattaya – Thailand’s favorite tourist destination!
Yearly some 35 million tourists visit Thailand generating near 2,000 BILLION Baht in tourist revenues.
Neighboring Thailand’s biggest deep-sea port Laem Chabang and with International airport Suvarnabhumi Bangkok on just over an hours’ drive: Pattaya’s beach resort is Thailand’s most popular destination.
Lots to offer here in Pattaya as many people are already aware; but do they know what is REALLY going on? While sipping a cocktail on the pool-side or rooftop of one of the many top hotels in Pattaya; it seems a whole world goes by unseen.
The current government, led by Thailand’s PM Mr. Prayut Chan-o-cha, is implementing some big strategic moves for the country with some megaprojects under construction to improve the country’s transportation network over the next few years. Infrastructure improvements not only on roads; motorways and drain systems but also: mass transit lines and several airport expansions. With additional growing consumer confidence and a slightly improved economy – we see that there is a solid basis whereas we see the property market to grow at least another 5 percent within the next 12 months. (JULY 2018)
For those interested in statistics: Feel free to Google whatever source you may find and make your own conclusions…. But…: We trust observations on a microscale.
THINK globally but: ACT LOCALLY!
Town Country Property’s principals are long-term residents in Pattaya City (since 1997) with their focus on the property market. From greenfield-land all over town; limited shopping facilities and very seasonal tourist traffic to a dynamic and vibrant city with close to 1 million residents.
What a change and what’s next? Have we reached the peak of supply and demand?
We don’t think so. Actually, we expect another impressive growth wave as we are still gaining momentum. The recent exodus of the Russians suffering from their weakened Ruble currency seems fully replaced by Chinese and Japanese investors. These Chinese and Japanese investors are backed by Thai investors mainly looking for beach-side properties and luxury high-end commodities.
Things are looking up!
So what’s our microscale observance?
Apart from the already mentioned governmental supported improvements on the main infrastructure; Pattaya is undergoing a complete status-makeover. Times of the idyllic fishermen’s village is long gone.
Major investments are taking place that will completely transform the face of Pattaya.
Currently, L&H (Land & House) Property Co., Ltd is building a world-class shopping mall complex on the north end of Pattaya Beach road called: Terminal 21. A multi-story shopping arcade combined with a 5-star hotel and residence by Centre Point. Completion expected in 2018-2019.
The Thai Teepsuwan family has formed an association with one of the finest and most prestigious independent schools in England: RUGBY SCHOOL.
Close to the M7 motorway on a large land site of 190 rai (300,000 square meters) one of Asia’s most impressive schools will neighbor already famous The Regent’s International School.
Further down south in Baan Amphur along Sukhumvit road; Marriot will soon open the 5 stars Renaissance Hotel (September 2017) with 257 luxury rooms and facilities. Not far from this new hotel one will find another new “5-star” kid on the block: Mövenpick Siam Hotel with 260 rooms and private pool villas.
On the shopping level, we saw the recent (2016) opening of the Harbor Mall (Biggest Family Entertainment Center in ASEAN) and a complete make-over renovation of the former BIG-C Festival Centre into CENTRAL MARINA.
We heard rumors of Robinson Mall and another Central Mall planning to open in due course.
Also no shortage of (new-) tourist attractions: After the worlds’ first official CARTOON NETWORK waterpark in Bang Saray also RAMAYANA waterpark opened its gates end of last year.
The latter is based alongside very popular SILVERLAKE with many acres of vineyards and their own winery. Silverlake owners Mr. Surachai Tangjaitrong and Mrs. Supansa Nuangpirom share a passion for music – hence; Silverlake became a hotspot for outdoor music festivals and concerts.
We expect Pattaya to grow. Town Country Property is confident of continued demand for (holiday-) homes by Thai and foreign customers in Pattaya as the resort city remains one of the preferred tourist destinations in the country resulting in an increased interest among investors in this venerable holiday city. The 2016 overall sales growth over the previous year among Thai and foreign customers in the condominium and single house markets, or the rental market, was as much as 80 percent, especially for condominiums.
When you are considering investing; come over for a coffee and discuss your objectives with one of our specialists. Whether you are looking for personal use or (rental-) returns. Homes or condos.
Let us guide you. Come and visit us!
Author: Mr. KC Cuijpers
For more information: Please contact Town & Country Property – [email protected]
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