Feb 05, 2016

Pattaya Condo Market Forecast Report

According to recent research conducted by Colliers International the main concern for the Pattaya condo market for the remainder of 2015 will be “The unit transfer period and the number of unsold units”

Some of the factors contributing to the concerns include:

The low number of units expected to be completed by the end of the year. This is a factor because some developers may postpone or delay their completion dates.

Thailand’s economic situation and some other factors directly affected developers’ confidence. (Another major problem is too much supply in the market and this is affecting the confidence of buyers).

Russians buyers and Thai speculators may not transfer their units when the projects are completed. (The weakening Russian Ruble is the main issue directly affecting Russian buyers).

Anyone familiar with the Pattaya condo market has been keenly aware that there has been an oversupply of condos in the area for a while. This factor has only been exasperated by what seemed to be the launch of a new project every week over the past few years.

Also, the decreasing number of foreign tourists in Pattaya, especially Russians, who are the main buyers in the condominium market, is a main reason for the condominium market slowdown.

The Chinese Market

On a positive note some new Chinese developers are scheduled to launch new condominium projects in Pattaya and especially in Jomtien and Na Jomtien. The number of Chinese tourists has continuously increased in the past one to two years, but the Chinese are still not the main buyers of Pattaya condominium market.

Coastal Real Estate has added multiple Chinese agents over the past year to help accommodate the Chinese buyers.

Pratumnak

Pratumnak has the highest prices in the Pattaya market, as many luxury and high-level condominium projects were launched in the area in 2014 and during the first half of 2015. In addition, some condominium projects in the area also increased their selling prices by around 5 - 10% in the past few months. Some Scandinavian developers still continue to launch small condominium projects in the Pratumnak area.

Jomtien

There are many lower priced condominium projects in the Jomtien area and some are a bit far from the beach, so the average price in the Jomtien area was the lowest in the Pattaya market.

Jomtien has also been one of the best locations for condominium development during the past few years after the official opening of Jomtien Sai 2 Road. This has lead to the availability of many plots of land, which are lower in price than in other locations.

Although there have been many condominiums selling at more than 100,000 Baht per square meter launched in the Na Jomtien area over the past few months, raising the average price in the Na Jomtien area more than in the past few quarters.

Promising Outlook

All is not doom and gloom in the Pattaya market.

Completed and planned infrastructure development projects in Pattaya will be a new factor for the property market in the future. The new ferry pier for the Pattaya – Pranburi route, a Pattaya – Map Ta Phut motorway and a high-speed train line from Bangkok to Rayong, are three projects that will probably be started next year. They will all help Pattaya grow in the future.

If you have any questions or concerns about the Pattaya real estate market please do not hesitate to contact one of our offices.

216/62 Moo 10 (Soi 13) Soi Diana Nongprue Banglamung Chonburi Pattaya City, 20150 Tel./Fax.+66/(0)38 421 580			519/163-164 Moo 6 Soi Siam Country Club Nongprue Banglamung Chonburi Pattaya City, 20150 Tel./Fax.+66/(0)38 190 925-6

+66 (0) 38-421-580 Office +66 081-269-0742 Mobile Kevin Mattson (Managing Director)-English			+66 086-571-4737 Mobile Rujira Emkhla (Tarm)-Thai

You can also email us at info@coastalrealestatepattaya.com

One of the most common mistakes investors make is purchasing a property without fully understanding the area. Pattaya has diverse neighborhoods, each with different lifestyles, growth potential, and demand. For example, central Pattaya offers vibrant nightlife and immediate access to the beach, while East Pattaya provides more space, value, and family-friendly communities. Conduct thorough research on the location to ensure it aligns with your investment goals.1. Not Researching the LocationOne of the most common mistakes investors make is purchasing a property without fully understanding the area. Pattaya has diverse neighborhoods, each with different lifestyles, growth potential, and demand. For example, central Pattaya offers vibrant nightlife and immediate access to the beach, while East Pattaya provides more space, value, and family-friendly communities. Conduct thorough research on the location to ensure it aligns with your investment goals.2. Overlooking Legal and Ownership ConsiderationsThailand’s property laws can be complex, especially for foreign buyers. Condominiums for sale are generally easier for foreigners to own, but land and houses for sale may involve leaseholds or other restrictions. Skipping legal advice or failing to verify ownership titles can result in costly mistakes. Always work with reputable legal experts and licensed real estate agents to ensure your investment is secure.3. Ignoring Market TrendsPattaya’s property market is dynamic, and prices can fluctuate depending on tourism trends, infrastructure projects, and economic factors. Investors who ignore market trends may overpay or choose properties with low rental demand. Keep up-to-date with local developments, such as the Eastern Economic Corridor (EEC) projects or new transport links, which can significantly impact property values.4. Focusing Solely on PriceWhile affordability is important, buying a property solely because it’s cheap can lead to disappointment. Low-priced properties may come with hidden costs, poor construction quality, or less desirable locations. Consider factors like potential rental income, maintenance costs, and resale value before making a decision.5. Neglecting Rental and Management PlanningFor investors planning to rent out their property, neglecting rental strategy and property management is a common mistake. Properties that are well-maintained, properly marketed, and professionally managed tend to attract higher-quality tenants and generate better returns. Consider partnering with trusted property management companies to maximize your rental income.6. Emotional BuyingSome investors let emotions drive their purchase decisions, choosing a property because they “love it” rather than based on investment potential. While personal preference is important if you plan to live in the property, separating emotional attachment from financial analysis is crucial when buying purely for investment purposes.ConclusionInvesting in Pattaya real estate can be highly rewarding, but avoiding common pitfalls is key to success. By researching locations, understanding legal requirements, tracking market trends, evaluating value beyond price, planning for rentals, and making objective decisions, investors can enjoy strong returns and a smooth property ownership experience. Careful planning and informed decision-making are the best tools for long-term success in Pattaya’s property market.

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East Pattaya – Space, Value, and Lifestyle Beyond the City Center

Sep 18, 2025

While central Pattaya is known for its vibrant nightlife, bustling streets, and premium beachfront properties, East Pattaya offers a completely different experience. With more space, better value, and a balanced lifestyle, this area is attracting families, retirees, and investors looking for comfort without the congestion of the city center.More Space for Living and LeisureOne of the most appealing aspects of East Pattaya is the generous space available. Properties here often come with larger plots of land, bigger gardens, and wider roads compared to central Pattaya. Whether you’re looking for a standalone villa with a pool or a traditional home in a gated community, East Pattaya provides room to breathe, relax, and enjoy a sense of privacy. Many buyers are exploring houses for sale in East Pattaya that offer both space and comfort.Exceptional Value for MoneyEast Pattaya is well-known for offering great value for money. Buyers can find larger homes and land plots at prices significantly lower than equivalent properties in central Pattaya or along the prime beachfront. This affordability makes East Pattaya ideal for families, long-term residents, and investors seeking strong rental yields or future capital appreciation. For those not ready to buy, there are numerous houses for rent in East Pattaya providing convenient and comfortable living options.A Lifestyle of Convenience and ComfortDespite being outside the city center, East Pattaya is well-connected and offers a high standard of living. The area has easy access to international schools, shopping centers, hospitals, and leisure facilities such as golf courses and fitness clubs. Local markets, restaurants, and cafes provide everyday convenience, while nearby beaches like Bang Saray offer peaceful escapes for weekends or holidays. Investors and developers also see potential here, making land for sale in East Pattaya a sought-after option for future projects.Emerging Communities and Investment OpportunitiesEast Pattaya is increasingly popular with developers and investors. New gated communities and boutique villas are being built to cater to growing demand. The area is also attractive for expatriates and long-term residents due to its quieter environment, ample space, and proximity to Bangkok and Suvarnabhumi Airport via the motorway.A Balanced Alternative to Central PattayaFor those who want the benefits of living near Pattaya without the hustle and bustle, East Pattaya is the perfect alternative. It combines tranquility, affordability, and convenience, making it a smart choice for homeowners and investors alike. With plenty of land, spacious homes, and a growing community, East Pattaya represents a lifestyle that balances city access with suburban comfort.ConclusionEast Pattaya is more than just an area outside the city center—it’s a destination for those seeking space, value, and a high quality of life. From family-friendly neighborhoods to modern villas, the area offers a variety of options to suit both homeowners and investors.

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How the Eastern Economic Corridor (EEC) is Shaping Pattaya’s Property Future

Sep 04, 2025

Thailand’s Eastern Economic Corridor (EEC) is transforming the eastern seaboard into one of the country’s most dynamic economic hubs, and Pattaya stands to benefit significantly. The EEC, a flagship government initiative, aims to boost infrastructure, industry, and investment in the provinces of Chonburi, Rayong, and Chachoengsao, creating new opportunities for businesses and property investors alike.Infrastructure Development Driving GrowthOne of the biggest factors shaping Pattaya’s property future is infrastructure. The EEC project includes major improvements in transportation, such as the high-speed rail connecting Bangkok to U-Tapao Airport, upgraded expressways, and enhanced ports and logistics facilities. These developments are making Pattaya more accessible for both domestic and international investors, increasing the attractiveness of the city for long-term property investment.Rising Demand for Residential and Commercial PropertiesAs the EEC attracts businesses and skilled professionals to the region, demand for quality housing is increasing. Luxury condos, modern villas, and gated communities in Pattaya are seeing rising interest from both Thai and foreign buyers who want convenient access to the city’s new economic opportunities. At the same time, commercial properties, from offices to retail spaces, are gaining value as companies expand their presence in the area.Boosting Pattaya’s Investment AppealThe EEC is creating a strong environment for property investment. With a growing population of expatriates, professionals, and business travelers, rental yields in Pattaya are expected to rise, especially for properties close to transportation hubs, business districts, and international schools. Long-term capital appreciation is also projected, as limited land availability in prime areas continues to drive demand.Lifestyle and Urban DevelopmentBeyond business, the EEC is contributing to Pattaya’s overall urban development. New leisure, shopping, and cultural facilities are emerging to cater to a growing population. Improved infrastructure not only supports commercial growth but also enhances the lifestyle and convenience for residents, making Pattaya an increasingly desirable location for families, retirees, and luxury property buyers.Strategic Location for the FutureInvestors looking for long-term growth are taking note of Pattaya’s strategic position within the EEC. Situated along the Gulf of Thailand and with easy access to Bangkok, Laem Chabang Port, and U-Tapao Airport, Pattaya offers both lifestyle and investment potential. As the EEC progresses, properties in well-connected neighborhoods and near key infrastructure are expected to see higher demand and better returns.ConclusionThe Eastern Economic Corridor is more than just a government project—it’s reshaping Pattaya’s real estate landscape. With improved infrastructure, increased business activity, and rising demand for quality housing, Pattaya is poised for sustained growth in both property values and rental opportunities. For investors and buyers seeking both lifestyle and financial returns, understanding the impact of the EEC is key to making smart decisions in Pattaya’s evolving property market.