Thai’s Becoming Optimistic Regarding Their Property Market

Stu Sutton, of local agency Jomtien Property, considers that the Thai property market will carry on. Things are appearing quite better now. “The grime is beginning to clear up subsequent to the revolution. Home sales still slow, however there’s more interest in condominiums. The political indecisively is disturbing though, and he says time will lend a hand in getting rid of a few of the discomforts. “Grey regions make people anxious,” he says. “It’s for all time a roller coaster ride in Thailand as we had SARS, bird flu, the tsunami, these problems with the government, the aggression in the south. However the market is very flexible. There will always be bangs in the market and that’s Thailand.”

Of the recent projects coming to Pattaya, possibly the most famous, in any case in terms of architectural influence - is Ocean 1 Tower, a luxury condominium project which is at approximately 367 meters in height and is going to be the Thailand’s tallest building and one of the biggest and prevalent housing constructions in the world. The developer, Siam Best Enterprises, looks forward to break ground shortly at their Jomtien beach location, with finishing point planned for 2010.

Another major development is Raimon Land’s Northpoint, a big, high-end condominium project in the Wong-Amat location of Pattaya, north of Pattaya Bay. Raimon Land is accredited with getting off the ground interest in Pattaya with an earlier project, Northshore, and their fresh transcribed development will be composed of two buildings of nearly 54 and 64 floors.

Kudu’s The Lakes at Phoenix is another distinguished forthcoming project. Situated on a 14-rai location close to the Phoenix Golf and Country Club just 15 kilometers outside of Pattaya, the development will consist of two low-rise, low-density buildings. Construction is likely to begin in the second last quarter of 2009, with an expected conclusion date of 2009.