High rise developments in the Thai resort town of Pattaya are seen as an increasingly popular investment, according to a recent research report from CB Richard Ellis. High rise properties with good views and high-end amenities are the most popular places for buyers, and there have been a number of new launches over the past year. The second half of 2008 is set to see even more high-end properties begin, so there is plenty of property for potential buyers.
“As most buyers of condominiums in Pattaya are purchasing a second home or holiday home, whether they be Thai or Foreign, they want to be close to the beach to fully enjoy their leisure time, hence the preference for high rise, beachfront properties. The new high rise projects which are set to launch in the second half of 2008 are all in prime locations, either absolute beachfront or with great sea views and as such, are likely to continue to outperform the low rise projects in terms of number of sales in the mid to long term,” noted Linda Ord, General Manager of CB Richard Ellis Pattaya.
Pattaya is a very popular tourist destination, particularly for those who want a convenient retreat from the capital of Bangkok. 2007 saw a total of 6.2 million tourist arrivals, which represents 9.1% year on year growth, and tourist arrivals have almost doubled since 2000. This highlights the development of Pattaya as both a tourist destination for foreigners and a weekend getaway for residents of Bangkok. The city comes alive at night, and the range of attractions is immense. For a quieter place, just down the beach is Jomtien. From beaches to food, Pattya is an ideal place for holiday travelers, weekend getaways and buy-to-let properties.
Samui Airport (USM) offers international flights as well as connecting flights through Bangkok daily. The airport is about 30 minutes south of Pattaya. The town is about a 2-2.5 hour drive from Bangkok, and there are taxis and buses that will get you there from the airport for a reasonable fare.
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