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.
“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.
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.
China’s economy stumbles on power crunch
BEIJING (Reuters) – China’s economy hit its slowest pace of growth in a year in the third quarter, hurt by power shortages, supply chain bottlenecks...
Quarantine-Free Thailand Reopens for Vaccinated Tourists From 1 November 2021
The Tourism Authority of Thailand (TAT) would like to confirm that Thailand is all set to welcome fully vaccinated foreign...
The ASEAN-India Trade in Goods Agreement
The ASEAN-India Trade in Goods Agreement (the “Agreement”) is a trade deal between the ten member states of ASEAN and...
Bangkok lifts more COVID-19 restrictions
In response to the Royal Thai Government’s announcement to relax more COVID-19 controls in the dark-red zone provinces, which include...
Thailand lifts curfew in ‘Blue Zone’ destinations from 31 October 2021
Bangkok, 22 October, 2021 – The Tourism Authority of Thailand (TAT) would like to provide an update that the night-time...