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Pattaya Condo Market Targeting Thai Buyers

Category: Real estate, Posted:03 Feb 2011 | 06:00 am

A leading sign of the times for the fortunes of property developers in Thailand's resort destinations is Raimon Lands re-engineering of their pricing and product mix for the domestic market.
The company recently launched the 480 unit Zire Wongamat and has a second project pending. Launch prices of Zire have fallen under the THB50,000 square meter price point and smaller units start at 48 square meters.
It's Bangkok all over again with the phenomenon of the BTS centric high density low cost model moved to the beach.
While the jury remains out on the take up rates for now price sensitive strategies seem to dominate broad real estate strategy at the moment.
Phuket pricing is holding for the moment as the Thai market would rather drive then fly to their second or holiday homes.

Other News

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Trio Of Phuket Start-Ups As We Go Local

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Why Phuket’s 70% Restart Needs Private Sector Support

Category: Tourism, Posted:21 Feb 2021 | 12:03 pm Last Friday I was able to attend the roundtable discussion that was organized by the Phuket Tourism’s Association’s Khun Bhummikitti Rukaengam at the Angsana Laguna Phuket. It was an impressive turnout, that included large numbers from both the island’s public and private sector and Minor’s Bill Heinecke was in attendance. What is now being proposed […]
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Phuket Sports and Wellness Resort Transacts

Category: Tourism, Posted:20 Feb 2021 | 15:08 pm The 114-room Thanyapura Sports and Health Resort Phuket has been sold to a Thai group. According to a public notice, the new owner is the Yenbamroong family, who are well known in Thailand’s petroleum industry. In the latest move, the sale effectively is a second step to unwinding the Thanyapura integrated education, sports, and health-oriented […]