Pattaya A Dead or Dying City?

[chicowoodduck]

Good Lord, has no one walked around Tree Town on Soi Buakhao or taken a stroll up Soi LK Metro.....things are jumping...and rebuilding at the same time....every go-go has done the remodel, a Beach Club with a huge swimming pool in going in at Tree Town, new condos and hotels are on the rise.....Christmas is just around the corner....life will be back to the Pattaya normal later than sooner, but it will be back.....hang on lads.....????????????????????????????

[rott]

33 minutes ago, J Town said:

You argue with facts? Again, Spidermike007 doesn't tell tales of fancy. And all you have to do is look outside to see the tumbleweeds rolling down the streets.

 

Nobody is happy about things, and this is worldwide.

Can you read.? 

 

Not arguing with anything just interested in the detail.

 

Do you understand the word schadenfreude.? 

 

Your apology will be reluctantly accepted. 

[chicowoodduck]

52 minutes ago, rott said:

Not being argumentative just curious, these "new" bars at Tree Town exactly how recent are they.? Or do you mean all the bars there as it is a relatively new development. 

And can you give the location of the posh one with the swimming pool, this intrigues me. 

Thanks. 

Try right smack in the middle of Tree Town....has a big white wall around it with Pattaya Beach Club on the side....actually has two pools and looks cozy.....????

[newnative]

4 minutes ago, J Town said:

You argue with facts? Again, Spidermike007 doesn't tell tales of fancy. And all you have to do is look outside to see the tumbleweeds rolling down the streets.

 

Nobody is happy about things, and this is worldwide.

    It was a legitimate request.   Facts are important--more important than vague musings.  A few days ago a poster stated that all the new, large construction projects in Pattaya had either been shut down or slowed down.  Of course, as always, not a single example was given.  There likely may be some.  But all?  No.

    We often hear from posters that the large condo projects in Pattaya are all empty and the developers have sold few of the units.  Always with no examples.  In reality, the big developers have sold the majority of the condo units they have constructed.  The 3 Lumpini projects.  Centric Sea.  Cetus. The Base.  Baan Plai Haad.  The Palm.  Zire and Unixx.  Amari Residences.  Supalai Mare.  Dusit.  Riviera Wongamat and Jomtien.   The 7 View Talay projects.  And many others.  The completed, successful projects vastly outnumber the few failed ones.  

    Yes, you will very likely find some unsold less desirable units in most of them but the majority of the units are sold and the developer made a profit.  Lumpini built 3 mega-projects in Pattaya.  Had the first been a bust they would not have built the other two.  Ditto for Sansiri and Raimon Land, and others.

     Covid, of course, has changed everything and many projects that had been planned might, indeed, be put on hold until better times.  True Worldwide.  But, even with covid there are a number of large projects still going forward in Pattaya--and Thailand.  

[J Town]

9 minutes ago, rott said:

Can you read.? 

 

Not arguing with anything just interested in the detail.

 

Do you understand the word schadenfreude.? 

 

Your apology will be reluctantly accepted. 

Don't hold your breath.

[ivor bigun]

The wife and i were talking about the "new build" etc the other day ,one of her mates is redoing her offices while it is quieter as its difficult when they are very busy ,i reckon that is a lot of what is happening now ,while its quiet many companys are using it as an oppertunity to modernize ,also the building going on ,most of it started before the plague hit us ,so they are just getting ready for when times are better ,

our son has just opened a new factory for his boss who lives abroad and cannot come here ,its been in the pipeline for 2 years , 

the one unfortunate thing of course is all the smaller businesses that have run out of cash and will never reopen,thats a tragedy.

[sometimewoodworker]

On 5/12/2021 at 11:16 AM, BenDeCosta said:

 

But look at the UK. The people were promised that once all the vulnerable people had been vaccinated, things would swiftly return to normal. This happened some time ago, but many restrictions are still in place.

Actually no it hasn’t happened yet. What has been found is that more people than was originally suspected are vulnerable and with newer mutations more are susceptible. 

[AlfHuy]

18 hours ago, BenDeCosta said:

 

I don't think you need to be able to read Thai to know what's going on inside this establishment.

It says: Lucky, Molly and DingDing are happy to serve your steak, French fries, salat and a cold soda. Just pop in and enjoy.

[rott]

20 minutes ago, chicowoodduck said:

Try right smack in the middle of Tree Town....has a big white wall around it with Pattaya Beach Club on the side....actually has two pools and looks cozy.....????

I have only walked through to Soi Skaw Beach at night and have not taken much notice, will have a look today. 

[AlfHuy]

6 hours ago, elgenon said:

Wow! How do they make a fortune online? I want to tell some girls.

Which idiot would pay for a girl, telling some porkpies via video call.

[AlfHuy]

1 hour ago, Sticky Rice Balls said:

First arrived in May 2008--have returned yearly since

Worked as a teacher-Chef and also volunteer radio work

Have many ladyboy friends and one even holds my motorbike when I come home

 

As with other who have doubted me here im happy to provide passport shots to prove facts regarding my claims.

 

 I spit truth and am happy to put you in your place ????  Go ahead--try me

You may see I live a fulfilling life, unlike yours, harassing others online

 

Hammertime indeed...

and one even holds my motorbike when I come home

 

Are you sure it's your motorbike?

[J Town]

42 minutes ago, AlfHuy said:

7 hours ago, elgenon said:

Wow! How do they make a fortune online? I want to tell some girls.

Which idiot would pay for a girl, telling some porkpies via video call.

I watched a view of the livestreams. They're quite boring if you've actually been to a Soi 6 bar, but there were HUNDREDS of guys from around the world buying the girls "drinks" - colored water at 150 baht/drink. The money was pouring in.

[AlfHuy]

3 minutes ago, J Town said:

I watched a view of the livestreams. They're quite boring if you've actually been to a Soi 6 bar, but there were HUNDREDS of guys from around the world buying the girls "drinks" - colored water at 150 baht/drink. The money was pouring in.

Stupid as stupid goes.

Probably later saying that "his" honest, good GF was just standing there, not having s.. with other man and that she's different.

[chrisandsu]

On 5/13/2021 at 9:15 PM, Pilotman said:

The Brits are not an attractive race, they have never been so. 

Did one steal your bar girl missis ? 

[chrisandsu]

20 hours ago, connda said:

You ignore the fact that the majority of the sex industry caters to Thai males.  ????
The embarrassed Thai socialites fail to talk about their own husband's and male partner's affection for mia nois, giks, and "rented wives."  
Nope - "Bad Sexpats!!! Look over there at the dirty, evil farangs."
Just misdirection to take the world's eye's off of their own societal shortcomings.  The business aimed directly at foreigners is simply the apparent tip-of-the-iceberg of what lies below the sordidness of average Thai sexuality.



 

Very true . Only difference is we get the trash that the Thais don’t want . 

[jacko45k]

1 hour ago, AlfHuy said:

and one even holds my motorbike when I come home

 

Are you sure it's your motorbike?

If it were a car, maybe a hotrod?

[kingofthemountain]

2 hours ago, newnative said:

    It was a legitimate request.   Facts are important--more important than vague musings.  A few days ago a poster stated that all the new, large construction projects in Pattaya had either been shut down or slowed down.  Of course, as always, not a single example was given.  There likely may be some.  But all?  No.

    We often hear from posters that the large condo projects in Pattaya are all empty and the developers have sold few of the units.  Always with no examples.  In reality, the big developers have sold the majority of the condo units they have constructed.  The 3 Lumpini projects.  Centric Sea.  Cetus. The Base.  Baan Plai Haad.  The Palm.  Zire and Unixx.  Amari Residences.  Supalai Mare.  Dusit.  Riviera Wongamat and Jomtien.   The 7 View Talay projects.  And many others.  The completed, successful projects vastly outnumber the few failed ones.  

    Yes, you will very likely find some unsold less desirable units in most of them but the majority of the units are sold and the developer made a profit.  Lumpini built 3 mega-projects in Pattaya.  Had the first been a bust they would not have built the other two.  Ditto for Sansiri and Raimon Land, and others.

     Covid, of course, has changed everything and many projects that had been planned might, indeed, be put on hold until better times.  True Worldwide.  But, even with covid there are a number of large projects still going forward in Pattaya--and Thailand.  

Maybe you could enlighten me (No pun intented)

all these condos units are build for who exactly?

i live here and from my observations (Yes the lights at the window in the evening

are a pretty good indication) the occupation rate in most of these towers is around

5 to 10%, it's ridiculous !

[kingofthemountain]

2 hours ago, chicowoodduck said:

Good Lord, has no one walked around Tree Town on Soi Buakhao or taken a stroll up Soi LK Metro.....things are jumping...and rebuilding at the same time....every go-go has done the remodel, a Beach Club with a huge swimming pool in going in at Tree Town, new condos and hotels are on the rise.....Christmas is just around the corner....life will be back to the Pattaya normal later than sooner, but it will be back.....hang on lads.....????????????????????????????

Are you a bar owner in this area by any chance ?

[Susco]

2 hours ago, newnative said:

The 3 Lumpini projects.  Centric Sea.  Cetus. The Base.  Baan Plai Haad.  The Palm.  Zire and Unixx.  Amari Residences.  Supalai Mare.  Dusit.  Riviera Wongamat and Jomtien.   The 7 View Talay projects.  And many others.  The completed, successful projects vastly outnumber the few failed ones.  

 

I'm not much interested in any condo in Thailand, but I think it's a known fact that several of the7 View Talay's, which you claim are all success projects, have still plenty of unsold units. Coincidentally, it are the later projects.

 

2 hours ago, newnative said:

Had the first been a bust they would not have built the other two.  Ditto for Sansiri and Raimon Land, and others.

 

I thought I read in the news that the successful Raimon land is going through a bankruptcy court to sort 7 Billion in debt. Clearly they have built a lot, but if so successful, they would not have 7 billion in debts

[rott]

2 hours ago, J Town said:

Don't hold your breath.

OK, just tell me where I was arguing with the facts. 

[kingofthemountain]

8 minutes ago, Susco said:

 

I'm not much interested in any condo in Thailand, but I think it's a known fact that several of the7 View Talay's, which you claim are all success projects, have still plenty of unsold units. Coincidentally, it are the later projects.

 

 

I thought I read in the news that the successful Raimon land is going through a bankruptcy court to sort 7 Billion in debt. Clearly they have built a lot, but if so successful, they would not have 7 billion in debts

I totally agree with you

New Nordic was also still recently considered as ''successful''

we now know what the reality was

 

Unlike Newnative, i have never been really impressed by the shiny facades, because most of the time, well, they are only ''facades''

Edited May 17, 2021 by kingofthemountain

[jacko45k]

46 minutes ago, kingofthemountain said:

Maybe you could enlighten me (No pun intented)

all these condos units are build for who exactly?

Anyone who will buy them. Which may include buy to rent, those living in Bangkok during the week and those overseas who visit occasionally. Be happy to have no neighbours, they are the best kind!

[newnative]

4 minutes ago, kingofthemountain said:

Maybe you could enlighten me (No pun intented)

all these condos units are build for who exactly?

i live here and from my observations (Yes the lights at the window in the evening

are a pretty good indication) the occupation rate in most of these towers is around

5 to 10%, it's ridiculous !

     Even pre-covid, the old chestnut of lights on at night was not a good indicator for condo sales.  (Although it can be a good indicator for hotels.  I now look out from my condo and I can check how some of the big north Pattaya hotels are doing.)  

    Many condos are owned by absentee owners.  I used to live at Lumpini Park Beach and my condo looked out at Building C--thirty stories of mostly 28sqm condos, about 10 or 12 on each side per floor.  Ideal for weekends at the beach.   So, around 300 condo windows I was looking at--and usually maybe 6 or 8 windows lit at night during the week.  I could tell the units were sold because almost all the windows had a wide variety of window treatments--except a few units here and there that hadn't been sold.  

    1800 units at the 3 building project and in those days of few illegal daily rentals they only had to put out about a dozen sun lounges at each of the two pools.  This was just before Airbnb took off and most of the condos were owned by Bangkok owners--who hardly ever came except on holiday weekends.  

    I think with older projects you will see more than 5 to 10% occupation.  But, with many of the newer projects, multiple units were bought by some buyers to rent out as illegal short-term hotel rooms.  I know of at least one case where an owner had bought 30 units or more.  With no international tourists, most of these units are sitting empty.  

[kingofthemountain]

2 minutes ago, jacko45k said:

Anyone who will buy them. Which may include buy to rent, those living in Bangkok during the week and those overseas who visit occasionally. Be happy to have no neighbours, they are the best kind!

 

My question wasn't if someone will buy it or not

i was specifically asking for what use all of these condos were?

I mean most of them are empty all year long

yes i agree it's good to not have neighbours

but still, it doesn't make any sense

the rents are very cheap, there are hotels rooms available everywhere

for all the budgets so if you come from Bkk time ot time

or if you live overseas most of the time, what is the point to buy your own condo?

[Rimmer]

Off topic post removed

[kingofthemountain]

9 minutes ago, newnative said:

     Even pre-covid, the old chestnut of lights on at night was not a good indicator for condo sales.  (Although it can be a good indicator for hotels.  I now look out from my condo and I can check how some of the big north Pattaya hotels are doing.)  

    Many condos are owned by absentee owners.  I used to live at Lumpini Park Beach and my condo looked out at Building C--thirty stories of mostly 28sqm condos, about 10 or 12 on each side per floor.  Ideal for weekends at the beach.   So, around 300 condo windows I was looking at--and usually maybe 6 or 8 windows lit at night during the week.  I could tell the units were sold because almost all the windows had a wide variety of window treatments--except a few units here and there that hadn't been sold.  

    1800 units at the 3 building project and in those days of few illegal daily rentals they only had to put out about a dozen sun lounges at each of the two pools.  This was just before Airbnb took off and most of the condos were owned by Bangkok owners--who hardly ever came except on holiday weekends.  

    I think with older projects you will see more than 5 to 10% occupation.  But, with many of the newer projects, multiple units were bought by some buyers to rent out as illegal short-term hotel rooms.  I know of at least one case where an owner had bought 30 units or more.  With no international tourists, most of these units are sitting empty.  

I don't talk about the condo sales

but about the effective occupancy rate of the building

and as for the hotels, in this way the lights are a very good indication

 

I still don't see the point to build all these condos when there is NOBODY living inside

if it's just a way to ''park'' money for wealthy people for differentreasons (Most of these reasons beign illegal) isn't this called a bubble in the making ?

Edited May 17, 2021 by kingofthemountain

[pagan1]

8 minutes ago, Beckham Beach said:

33,000 people a year die in traffic accidents in Thailand, that's 3.3% of the population will die this way. Only 500 from Covid so far, yet they have trashed the economy with COVID lockdowns. Why not ban cars if they really care about people? Which they don't, hence the appalling state of the Thai education system which produces seniority loving idiots, charming yes, but able to think for themselves, not really!! Such a shame, Thailand deserves so much better.

 

If you can not do a simple % calculation I doubt your ability to construct a reasoned argument or comment. 

[jacko45k]

8 minutes ago, kingofthemountain said:

My question wasn't if someone will buy it or not

I quoted your question so know what it was, just to help....  it was' who are they building them for'. ? My reply stands.

Bangkok people like to buy condos because sometimes their city is under water. They also would like to have a place by the sea. Your own place, ready to use, is far superior to a hotel room, allowing you to park belongings....  even the motorbike. 

Some see it as an investment, some a way to launder money, if I was a little richer I might keep one in town myself. 

 

Edited May 17, 2021 by jacko45k

[newnative]

54 minutes ago, Susco said:

 

I'm not much interested in any condo in Thailand, but I think it's a known fact that several of the7 View Talay's, which you claim are all success projects, have still plenty of unsold units. Coincidentally, it are the later projects.

 

 

I thought I read in the news that the successful Raimon land is going through a bankruptcy court to sort 7 Billion in debt. Clearly they have built a lot, but if so successful, they would not have 7 billion in debts

     There are certainly unsold mostly lower floor units at the View Talays.  Buyers want a seaview and some want foreign name.  However, I think the majority of the units have been sold at all of them and the developer has made a profit--especially as they came as shells without even a finished  floor but could still be sold at a good markup as there was little competition at the time.  Might be a different story today.  

   I don't know what is happening with Raimon Land elsewhere but I think the 3 projects here were successful.  Northshore is certainly sold out and the majority of the units at Unixx and Zire have been sold. 

Edited May 17, 2021 by newnative

[newnative]

15 minutes ago, kingofthemountain said:

I don't talk about the condo sales

but about the effective occupancy rate of the building

and as for the hotels, in this way the lights are a very good indication

 

I still don't see the point to build all these condos when there is NOBODY living inside

if it's just a way to ''park'' money for wealthy people for differentreasons (Most of these reasons beign illegal) isn't this called a bubble in the making ?

      You may not 'see the point' but it's the developers who do see the point and are building 'all these condos'.   As I said in my earlier post, most of the projects in Pattaya have been successful.  The developers have, so far, been able to find buyers for what they build.  Even now, a huge, new luxury project--Arom Wongamat--is getting started.  50 stories proposed with a starting price of around 6MB for the smallest unit size.  Will it be able to find enough buyers?  Time will tell.