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 Increasing property values at Pattaya’s prime beachfront property locations. These properties are just getting more and more valuable as time passes. Some of the reasons are steadily rising cost for land, construction and labor; limited prime beachfront space and the fact that this is mostly a cash market where an economic stagnation is waited out and sales continues upon the next economic boost. Thailand and Pattaya in particular has always been a favorite and lucrative place to be and to invest.  Pattaya is a world famous vibrant seashore city with modern infrastructure, extensive shopping, state-of-the-art hospitals, exquisite international restaurants, world renowned hotels, 18 golf courses and lots of sports, relaxation, party activities and non-stop entertainment.Pattaya Bay features a wide sandy beach where you can relax on sundeck chairs, hire a private boat or depart from the public pier to the many scenic islands. In this bay area are many international hotels, guest houses, serviced apartments and some private residential condominiums. All very conveniently located in the city center with public transportation on your door step.
Wongamat Beach at the North of Pattaya is a prime beach area with private residential beachfront condominiums and international beachfront hotels. The beach is sandy and slowly descending into the sea. Ideal for bathing, swimming, relaxing and just enjoying the day. The scenery is magnificent with the islands in front and fantastic sunsets at evenings. If you have the pleasure of living in one of the beachfront hotels or even in one of the great beachfront condominiums then you will have a one-million-dollar-view over Pattaya by night - stunning! Needless to say that this is the area to be.
Pratumnak Hill at the South of Pattaya is a nice hill with jogging park, water park, view points, international hotels and private residential condominiums. This is a more quiet area, suiting residential living.
Jomtien Beach is a long sandy beach separated by road from the many local restaurants with international and seafood cuisine. Relax on the sundeck chairs or hire a jet sky, take a banana boat ride or enjoy parasailing on a speed boat. Along the busy Jomtien beach road are many guest houses and some private residential condominiums. This beach is also very popular by the Thais mainly visiting on weekends and on public holidays.
Na Jomtien Beach is a more secluded extension of the Jomtien beach towards Ban Amphor and Bang Saray. There are mainly sandy beaches, some holiday resorts and private residential condominiums. Living there you need your own transportation.
Google your way through and explore the areas from a bird eyes view. Just click on explore and zoom in or move on the map. - Enjoy.
Condominium market strong in Pattaya Research by Knight Frank Thailand shows that the demand for condominium projects in Pattaya is showing strong growth as property firms from Bangkok expand their business in the seaside city. The research said that there were approximately 2,491 units sold in Pattaya during 2011, a 120-per-cent increase over 2010. Unfortunately, the sales decreased from 52.5 per cent in 2010 to 41 per cent in 2011 due to the tremendous volume of supply. The dynamics of the market is changing remarkably fast in Pattaya as one-bedroom units and smaller ones make up 70 per cent of all new property in the market. This trend looks set to continue with the emergence of one-bedroom hybrid units below 40 square metres. Rising construction costs would normally be driving prices up, but prices remain stable and unit sizes and specifications are, instead, being toned down, such is the competitive nature of the market. For almost two years, Thais have led the pack as the biggest buyers of new residential units in the eastern seaside resort. Pattaya has been experiencing unprecedented growth and the properties being developed are quickly finding buyers. The future supply of condominiums in Pattaya will be concentrated in the Jomtien area as there is more land available in Jomtien than elsewhere in Pattaya. Regardless of what buyers are looking for, more choices are in the pipeline as many condominiums are being launched this year with construction to start early next year and slated for completion by the end of 2014. According to a survey by The Nation, property firms, including LPN Development, SC Asset Corporation, Sansiri and Sena Development plan to launch new condominium projects in Pattaya worth a combined over than Bt10 billion. Frank Khan, head of residential department, Knight Frank Thailand, said that Pattaya has jumped a lot in the past seven years from being a low-class city to one that offers many options - not just fun - to its visitors. The opening of big shopping malls like Central Festival Pattaya marked a big jump for Pattaya City. Moreover, the reverse coastal erosion has restored a stretch of beach from North to South Pattaya, about 35 metres wide. The beach width was earlier only 3.5 metres. The length of the beach will be approximately 2.7km. The cost of the investment is about Bt387 million. During 2011, a record number of new condominiums (sea view only) were launched in Pattaya with approximately 7,888 units in 13 condominium projects. THE NATION
by Somluck Srimalee
Upbeat Pattaya in 2012
With the high tourist season already upon us, the general forecast for Pattaya is looking up. Despite the flood crisis, the Tourist Authority of Thailand (TAT) reports that the total numbers of visitors nationally in 2011 has reached 18.3 million which, if confirmed, is actually an increase on 2010. TAT is also about to launch a "Beautiful Thailand" campaign in the first quarter of the new year to restore the confidence of tourists.
The tourist authority admits that the recent flood crisis caused many cancellations and a loss of revenue of 21 billion baht in the region. But TAT Governor Suraphon Svetasreni said he would be conducting aggressive marketing activities, including road shows and media familiarization exercises, to encourage short-haul foreign visitors from China, India, Japan and Vietnam. Many of these tourists book through charter-flight operators who say they are practically full until April. Meanwhile, Pattaya is ready for an influx with new retail development projects, family fun spots and hotel projects. Resort managers say that while the number of guests staying at hotels has not diminished, the average length of stay has dropped from two or three weeks to one. This trend has been particularly noticeable amongst European tourists, a reflection of the fall in value of their currencies, especially the euro and the pound. In order to alleviate the shortfall, entertainment complexes have been innovative in marketing fresh ideas. One was the "amazing love" wedding at Nong Nooch Gardens last October when 69 Chinese couples were married at the event. U-Tapao airport, 40 minutes' drive from Pattaya, is also undergoing an expansion to accommodate more international flights. Pattaya's major entertainment venues are also in expansion mode. Thus the operator of the Ramayana Water Park announced the construction of a 900 million baht state-of-the-art water park on a 160,000 square meter plot in the Na Jomtien sub-district. The project will feature Asia's first "Viper" family ride as well as the award-winning AquaLoop, a water rollercoaster. The theme of the water park, due for completion within months, will parallel the story of the Ramayana epic and feature traditional landscapes. On the property front, the luxurious 272-room Cape Dara, developed by Corner Company Limited, is set to be completed in North Pattaya. There are several new condominium projects in Jomtien and several budget hotels are underway in Central Pattaya. A development which will benefit both Pattaya and Hua Hin is the new thrice-weekly Catamaran boat service between the two resorts. Paradoxically, Pattaya and Jomtien may even have benefitted from the recent flood crisis. Given that the Eastern Seaboard is much less susceptible to flooding than Bangkok and the central plains, many investors are turning to the resort towns for security and profit. The huge building programs and ongoing infrastructure improvements illustrate enormous confidence in the medium-term future. Pattaya Today
Strong demand seen for condos priced under Bt3 million Amid strong demand in Pattaya, listed property firms are launching condominium projects worth more than Bt10 billion, offering units priced lower than Bt3 million. According to a Nation survey early this week, several listed property firms plan have been inspired to launch condo projects in Pattaya after LPN Development successfully sold out its debut condominium project in the city with units priced lower than Bt3 million. Quality Houses plans to launch its first condominium project, offering units priced lower than Bt3 million in South Pattaya this year, worth nearly Bt1 billion. Raimon Land, which has experience of developing luxury condominiums in Pattaya, launched its first condo project Unixx, in South Pattaya worth Bt2.4 billion, with condos priced lower than Bt3 million. After its success last year, LPN Development has launched its latest condominium project, Lumpini Ville Nakra-Wongamart, worth Bt2.5 billion. NC Housing also plans to launch its first condominium project in Pattaya in this year. TCC Capital Land Co sees Pattaya as a potential area for developing a residential project. Sena Development plans to launch a mixed-use project combining condominium, serviced apartment and shopping centre at Pattaya after acquiring a major stake in T Treasury Holding, the owner of the Pattaya Country Club and Resort in Chon Buri province, for Bt590 million at the end of last year. "We see a strong demand to buy residences in Pattaya as a second home after last year's floods hit Bangkok and its suburbs," Sena Development director Kessara Thanyalakpark said. The targeted buyers in Pattaya are locals rather than foreign investors, who can afford units priced at lower than Bt3 million. They include people from other provinces who have moved to work in Pattaya, and Bangkok and suburban buyers who want to buy a second home or a vacation residence. "Most of our customers who bought our condominiums last year are locals with the intention of living there rather than as an investment," LPN Development managing director Opas Sripayak said. He added that people who move from other provinces to work in Pattaya have to pay average rent of Bt6,000-Bt8,000 a month in Pattaya. When they have an opportunity to buy a condominium priced lower than Bt3 million per unit, it matches their purchasing power. "This will replace the rental market," he said. According to Knight Frank Thailand Research, the new supply of condominiums in Pattaya in 2011 was 10,547 units from 24 condominium projects. The majority of new condominiums supplied this year were concentrated in Jomtien Beach, representing about 69 per cent, or approximately 6,331 units. The new supply of sea-view condominiums represented about 60 per cent of new supply. The majority of the new sea-view condominiums, about 66 per cent, are located on Jomtien Beach. This is due to the availability of land in Jomtien as well as the possibility of developing high-rise buildings. The uptake rate of sea-view condominiums has shown a positive sign, especially in the Jomtien area, representing about 60 per cent, followed by the North Pattaya area, as the selling price of sea-view condominiums in Jomtien was cheaper than that in North Pattaya. The selling price of sea-view condominiums in Jomtien was 16 per cent lower than those in North Pattaya. The major cost was the land, which was much more expensive in North Pattaya. The selling price of sea-view condominiums in North Pataya ranges from Bt104,000 per square metre to Bt150,000 per square metre, whereas the selling price of sea-view condominiums in Jomtien ranges from Bt75,000 per square metre to Bt120,000 per square metre. Meanwhile, Raimon Land's research said that 26 new residential projects were launched in Pattaya, worth more than Bt30 billion, in the first 12 months of this year. About half of the 14 projects are located in central Pattaya, while the rest are in South Pattaya, North Pattaya, and Jomtien. The maximum demand in Pattaya is for condominium projects, focused on one-bedroom type with space utilisation of between 40-50 square metres. The demand for these projects comprises about 50 per cent of total supply and sales in the market. About 30 per cent of the demand is for studios, with space utilisation of 30-35 square metres, while the rest are for two-bedroom types, with space utilisation of more than 50 square metres. The research said that more than half the customers who buy residences in Pattaya are locals who work in Pattaya, while the rest are foreign buyers seeking to own a second home in Thailand. Residences priced not more than 3 million are easier to sell in Pattaya. THE NATION
by Somluck Srimal
The Pattaya growth story continues apace
The first half of 2011 marked another eventful period for the condominium market as the city develops into a truly international city, according to the latest report from Colliers International Thailand. Overall the number of launches in H1 2011 exceeded the number for the whole of 2010 with nearly 5,200 units coming onto the market. The key reason for this was the launch of two large scale projects, both offering over 1,400 units. One is The Grand Jomtien by AD House Ltd. on Jomtien beach and the other is Condotown North Pattaya-Sukhumvit from LPN Development Plc, one of the largest developers in Thailand, located over a kilometre from Wongamat beach.  Building cranes dot the skyline as construction of new condominium projects continues
apace on Pratumnak Hill, south Pattaya.
Tony Picon, Associate Director of Research at Colliers believes this could be a game changer for the residential market in Pattaya. "LPN has been a major player in the Bangkok condominium market for some time with its small unit sizes targeting first time buyers and now they are entering Pattaya for the first time", he said.
With units of 22.5 metres, the main focus is on Thais living in Bangkok looking for an affordable second home. LPN is set to launch two more projects in the city and Mr Picon feels that this represents a huge vote of confidence in the future. "It is likely that other listed developers will follow Raimon Land, Major Development and now LPN Development who are already part of the Pattaya developer mix", he added. Patima Jeerapaet, Managing Director of Colliers, also pointed to other real estate developments that are helping to cement Pattaya's increasing significance. "Central Festival remains a very strong drawcard even for Bangkokians and more refurbishment of older retail centres should be something for the future", he said. Another important project is the King Power Duty Free Complex, set to open in September that will add to the attractiveness of the city as a tourism destination. According to Patima, strong tourism source markets such as China, Russia, India and Vietnam will be the target."This centre can only help grow these markets further leading to more tourists, more jobs and therefore more residential property interest in the future", he claimed. Mark Bowling, Senior Sales Manager for the Pattaya Office, is keen to stress the growing trend of a hotel component in condominium developments in the city. In fact in the first half of 2011 three agreements were reached between developers and hotel brands. The first was Amari, a well known hotel chain, who will manage the previously named The Legend on Cosy Beach by The Nova Group with the lower floors being operated as a purely Serviced Apartment and the upper floors as residences. Following from this Centara, Thailand's largest hotel chain, will manage the Centara Avenue Residence and Suites in downtown Pattaya on behalf of the Tulip Group. "Sales have been brisk for both projects and one key reason is the hotel aspect", said Mark. Probably the most significant tie up is also a project by the Tulip Group in partnership with the Park Plaza group, a global hotel chain; who will develop the Park Plaza Waterfront located near Bali Hai pier, offering views overlooking the bay. Mark Bowling points to several reasons why hotels and condominium development arrangements can be successful. "Buyers like the best of both worlds, which means residential facilities are separate from that of the hotel/serviced apartment component but they can also take advantage of what the hotel offers such as room service and housekeeping for added convenience." Mark believes that maintaining the property's value is also a key advantage: "Hotel management will ensure proper upkeep of the property and therefore capital values will remain buoyant but with the added benefit of better rental yields, a very seductive proposition for any savvy buyer", he maintained. The report by Colliers states that nearly 5,200 units were launched in Pattaya in H1 2011, compared to around 3,420 for the whole of 2010. More than 2,900 units are scheduled to be completed and transferred during the second half of 2011 which represents an increase of just over 6% in total supply and more than 4,100 units are scheduled to be completed and transferred in 2012.
During the years 2011 - 2013 Pratumnak is set to be the main player in the Pattaya city condominium market, due to many projects being launched in the past three years. (Source - Colliers International Thailand Research) Pattaya Mail
U-Tapao Pattaya International Airport has gained a budget of Bt900 million to construct a new passenger terminal, parking areas and install a new traffic radar system. The budget allocation for U-Tapao International Airport breaks down into Bt540 million for the passenger terminal to accommodate up to 1,500 passenger per peak hour, Bt135 million for traffic radar and Bt90 million for parking areas. The rest of the budget will be used to build other facilities to help upgrade the airport to handle and support tourism expansion along the eastern seaboard. The new terminal will have an area of around 25,200 sqm and is expected to be completed by 2013. Once completed, U-Tapao Pattaya International Airport will operate independently of the Thai Navy which owns the property.
The airport is approximately 140 km southeast of Bangkok, near Sattahip on the Gulf of Siam and 23.8 km from Pattaya and around 150 km from Suvarnabhumi Airport. Currently, U-Tapao Pattaya International Airport handles three daily Bangkok Airways flights and charter flights from Russia and China. TTR Weekly
 Going from strength to strengthEstablished in 2003, ACI specializes in beachfront property sales & rental and high-end design + construction for commercial and residential spaces.
If you are interested in oceanfront properties and are looking for a selection of the best deals in town, then ACI can present a complete listing database for you, combined with professional investment advice to ensure that you have all information required for the right decision. ACI will also support you throughout the purchasing process, and will assist you in the future should you want to rent or sell your property. ACI is a member of the Real Estate Broker Association of Thailand and a charter member of the Real Estate Broker Association Eastern Seaboard. This assures you of professional and ethical services, as well as providing access to a network of knowledge and experience which can be utilized on your behalf. ACI has built-up an extensive portfolio of completed design + construction work which will inspire your own project and home design. Customized design & consulting and personal project management approach is our speciality. All projects are offered in turnkey lump sum agreements and executed timely using our own building teams - just as you would expect from a Swiss managed firm. ACI’s offices are next to Raimon Land’s Northpoint at Soi 18 Pattaya-Naklua Road, Wongamat Beach. You can contact ACI at info@aci-enterprise.com, 038 416 060 or 081 762 2627. We look forward to be of service to you. Web links with compliments by ACI. To view any of the listed companies' websites just click on the selected web link. If you wish to exchange your business related web link to our website please don't hesitate to contact us by email to weblink@aci-enterprise.com or by phone at 038 416060.
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