Pattaya Condo Supply Surges 12%

Research by property firm Colliers International – Thailand has concluded that the supply of condominium units in the resort area of Pattaya rose 12% between 2009 and last year.
The number equates to over 4,700 units. The report states that in 2010 in excess of 3,420 were launched into the marketplace with analysis concluding stability between supply and demand within the sector.
Key areas for developments were highlighted as Wong Amat, Pattaya City, Pattaya Nua, Klang and Pratumnak.
Despite Phuket's broad market flattening, the Pattaya condo market which had 44,500 units at the end of the year remains popular with both Thai and foreign buyers.