Myriad factors keep the pattaya condominium market pumping | Bangkok Post: news

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Myriad factors keep the pattaya condominium market pumping

A lack of beach plots isn't slowing sales, which are boosted by huge infrastructure plans

  • Published: | Viewed: 1,665 | Comments: 0
  • Newspaper section: Spectrum
  • Writer: Risinee Sarikaputra
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The trajectory of Pattaya's property market is now clearly upwards, with many positive developments afoot for Pattaya City. The booming Eastern Seaboard industrial zones and optimism about the government's infrastructure investments have been key drivers of this growth. 

Pattaya has emerged as a second significant business district outside of Bangkok. With a huge concentration of industrial estates on the Eastern Seaboard that stretches along the Gulf of Thailand coast to Rayong, there is steady growth in demand from corporate workers and executives for residential property. This has significant benefits for the Pattaya market.

The country's first monorail, seen as a pilot project that could be replicated in many other places, is scheduled to be completed in 2014, which will link some of the residential areas in Pattaya including Wong Amat Beach and Pratumnak Hill, making them more accessible. In anticipation of greater demand, leading Bangkok developers launched many condominium projects both near the beach and in Pattaya City last year.

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