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Low-Cost Pattaya Condo Market Alert

Category: Real estate, Posted:23 Oct 2012 | 06:00 am

Leading Thai listed property development firm Raimon Land have signaled a potential red flag for buyers in the surging Pattaya property sector.
With nearly 30,000 condominium units expected to complete between now and 2015 a rising tide of projects are being placed on hold.
Gleaning research data from their Condominium Focus Publication which cites off beach and those not offering views as the those seeing slow market absorption rates.
Risk factors tend to be compounded where sufficient pre-sale levels are not hit, resulting in banks unwilling to release construction finance.
The report does sum up that overall market conditions remain vibrant on a broad basis and is continuing to see healthy segmentation between domestic and international buyers.

Other News

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More Than One Sandbox? WTF

Category: Tourism, Posted:22 Jun 2021 | 06:00 am Yes, nine days to go to the Phuket Sandbox and things are slowly becoming more clear. Baby steps and the island is getting ready despite waiting for the final set of rules and regulations. For now, it’s coming and we simply can’t wait. Meanwhile in Phuket: Catch the latest Thai Road Trip episode from Delivering […]
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Koh Samui To Follow Phuket In International Reopening

Category: Tourism, Posted:19 Jun 2021 | 16:29 pm Leading tourism news out of Thailand has the government’s CCSA (Centre for Covid-19 Situation Administration approve in principal a plan to open a sealed route to Samui in mid-July. The plan covers the three islands of Koh Samui, Koh Tao and Koh Phangan and would require travelers to first stay in an ASQ hotel for […]
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Thailand’s Sandbox Is Not A Quarantine

Category: Tourism, Posted:12 Jun 2021 | 10:45 am As we are 19 days away from Thailand’s Sandbox tourism reopening in Phuket, there continues to be a misunderstanding of the overall rules and the term quarantine is incorrectly used. Quarantine by definition is isolation, whereby Sandbox travelers will be able to move throughout their hotel, visit beaches, restaurants, shops etc. Remember Phuket is about […]