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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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Women in Hotels – Taking on the World

Category: Hotels, Posted:07 Aug 2020 | 11:50 am C9 Hotelworks and Delivering Asia Communications are hosting a special virtual event titled Women in Hotels – Taking on the World. The one-hour online is event is set for  Wednesday 19 August 2020 at 3:00 pm Bangkok / 4:00 pm Singapore / 9:00 am London. Participation is free. Sign up Ready. Set. Go. It’s 2020 […]
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Phuket’s Pavilions Headed To Palawan

Category: Real estate, Posted:06 Aug 2020 | 11:03 am Phuket born Pavions Hotels and Resorts has inked a deal for a 96-villa luxury resort in El Nido, Palawan, Philippines. The mixed use property will offer one and two bedroom villas and a twenty over-water villas with private pools. A series of hotel branded properties are being sold from USD250-500,000. An opening is expected in […]
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All Zoomed Out. How Collaboration Has Become the Kill Switch of Hotel Creativity

Category: Opinion, Posted:03 Aug 2020 | 09:20 am There is no mistaking the sound of a flushing toilet. It’s not a sudden rainstorm, or the whoosh of a juiced up, flash mob of joggers on steroids passing by on the street. Arguably, it’s a dirty little low-pitched thunder from down under that somehow triggers the gag reflex. Remember Trainspotting?  Welcome to the world […]