Raimon Land Plc plans two condominium projects in Pattaya this year, with unit prices starting below 50,000 baht a square metre, the first mid-market developments the company has undertaken since 2004.
Unit prices will start below 50,000 baht a square metre, the first mid-market development the company has undertaken since 2004.
The move is in line with its policy to shift from foreign to Thai buyers after the global financial crisis crushed most foreigners’ purchasing power in 2009.
The first low-priced project in Pattaya in 2011 is the 480-unit Zire Wongamat worth 2.9 billion baht located on Wong Amat Beach.
The unit prices will start from 1.9 million baht or 47,500 baht a sq m and the sizes will be smaller, starting at 48 sq m for one-bedroom units. At the company’s recently completed Northpoint condo in Pattaya, one-bedroom units are 70 square metres.
The company also plans another project on an eight-rai site with no beachfront in Pattaya city but is waiting to see market feedback on the Zire before launching it.
Bangkok falls 19 places to 49th most expensive location worldwide
Locations reliant on international tourism have seen their rental markets hit especially hard during the pandemic, resulting in some major drops in the rankings. Bangkok has fallen 19 places to 49th, while Hanoi saw a similar drop of 12 places to 81st.
Is There a Silver lining amid COVID-19?
Thinking of the future impact of this pandemic on office buildings, it may have already dawned on many of us that a majority of potential long-term trends and health measures will become permanent work-life features in the times to come.
Subscribe via Email
Thai baht becoming the region’s worst-hit currency in COVID pandemic
According to data from its tourism ministry as well as the World Bank, Thailand had only a little over 34,000...
Asia’s slow rate of vaccination is a thorn in the region’s economic recovery
Southeast Asia has been hit badly. Daily infections for Indonesia, Thailand, Vietnam are at their worst, on a seven-day moving...
TAT expects 850 billion baht ($25.7 bln) in tourism revenue after successful reopening
The Tourism Authority of Thailand (TAT) has set this year’s revenue target at 850 billion baht, 300 billion of which...
Download 1xBet mobile and play all over the world
Placing profitable bets or playing in a casino is now possible comfortably even without being tied to a computer. It...
3 ways Asia can recover from the COVID-19 pandemic faster
Countries in the East Asia and Pacific region will benefit from cooperation in three major areas: vaccine deployment, reviving sectors...