Real Estate
Knight Frank sees great potential in Pattaya market
U-Tapao is estimated to bear an annual capacity of 1.2 million passengers this year, up from 700,000 passengers in 2016.
New transport infrastructure projects will push more property buyers toward Pattaya, according to Knight Frank Thailand, per The Nation.
Massive state investments, including the expansion of the U-Tapao International Airport and the redevelopment of the Sattahip Commercial Port into a yacht marina, are widely expected to bolster growth in an area known as Thailand’s eastern economic corridor, encompassing the provinces of Chonburi and Chachoengsao.
Thailand’s eastern economic corridor will promote 10 target industries.
U-Tapao is estimated to bear an annual capacity of 1.2 million passengers this year, up from 700,000 passengers in 2016.
Similarly, the Sattahip port will reduce travel times by as much as two hours and support east-west freight transport across the Gulf of Thailand.
The Sattahip and Na Jomtien areas will particularly benefit from the projects, said Knight Frank Thailand managing director Phanom Kanjanathiemthao.
More: Why Pattaya’s condo market is balancing on a knife edge
“Pattaya itself has set a goal to become a centre of tourism to support the growth and integration of the Asean Economic Community,” said Phanom.
Na Jomtien is already home to Cartoon Network Amazone, the first water park in the world to be branded under the popular kids’ channel.
Pattaya will be closer than ever to Hua Hin with the recent start of passenger ferry services between the two beachside cities.
Source link
Lifestyle
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.
The decline of Bangkok reflects the severe impact of the Covid-19 pandemic on the rental market in the tourism-reliant Thai economy, according to ECA’s latest survey.
(more…)
Property
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.
A direct result of COVID-19 containment measures is that organisations are taking a real-time look at the effects of prolonged off-site work and its relation to productivity.
(more…)
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...
Thailand’s Vaccine Strategy: What went wrong?
Questions are being asked, and not answered, over the decision to rely almost entirely on Siam Bioscience, a local, palace-owned...