Pattaya sees expansion in real estate projects
Located on the eastern sea course of the gulf of Thailand, Pattaya is increasingly seeing a growth rate in its...
Located on the eastern sea course of the gulf of Thailand, Pattaya is increasingly seeing a growth rate in its...
Foreign and Thai buyers alike are flocking to the beaches of Pattaya, snapping up condominiums and giving the local real estate market a needed boost. As the closest beach to the capital of Bangkok and boasting top of the line amenities, the beachside city will only continue to grow in the near future, according to Property Wire.
Expressing strong confidence in Thailand's economic growth and the booming Pattaya property market, two Israeli investors will commit 2 billion baht to develop a waterfront project after spending 300 million baht to buy out its owner, the Israeli company Erland Land Co.
The resort town of Pattaya has become a favourite destination for older tourists, welcoming more than four million visitors every year.
The Pattaya property market has potential to stage a full recovery this year, spurred by 15 billion baht in spending planned to improve transport and utilities services, communities and the environment.
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