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Pattaya: Dead as a Dodo


roger101

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2 hours ago, morrobay said:

More to the picture: your forgetting all the other not so cheap development/developers that initially came into Pattaya riding piggyback  on the sex industry. Golf and so on. There is a reason Bang San beach, sattahip, are not attracting development like Pattaya

I must be grossly under estimating the number of men coming to Patts looking for sex. Average number at any given time pre-Covid ?  Number that invest in a house or condo valued at 7M up ?

Who is buying all these upper end properties ?

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On 7/23/2021 at 7:19 PM, Jumbo1968 said:

Judging by the new developments on what was basically a car park on 3rd Road, the new nightclub on Soi Buakhao, the Tree Town Development, Witherspoons 2 new bars and other bars being renovated some business people must think there will be an influx of tourists once Covid is sorted ?


In my years in Pattaya it was on the way out before Covid, empty bars, the girls sitting uninterested playing on their phones, the high baht, I believe it will take years to recover if it other does. 

The scourge of Pattaya - Cell Phones should be banned from the bars, then the girls would pay more attention to the customers

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On 7/22/2021 at 6:02 PM, roger101 said:

As the number of Chinese etc kept increasing the number of Europeans etc reduced.

I can't imagine why... 555 Truth be told, most Thais, Indians and North Americans I know can't stand them either! Something to do with being absolutely rude and using the street as a toilet I have been told...

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On 7/22/2021 at 5:18 AM, bkk6060 said:

Of course it will open again.

It has been rated the number one male entertainment place in the world by many publications over the years.  There are millions of males all over the world who have come here and will continue to come in the future their desire for female company is not going to suddenly stop.

It looks bad now but places like Soi 6 can get going again in about a week. I bet it does not take long to pull up a metal door, stock a place with booze and get girls back here.  Many of the other places are still open even today in and around Soi Buakhao, Soi honey, etc. and others could be fully opened quickly.

Same LK Metro.  Walking Street I have no idea I have not gone for years I think a tourist trap but many love it and it is pretty much a must see for visitors here.

Pattaya will come back sooner then some think unless all these vaccines are full of salt peter and it permanently kills the sex drives of men all around the world.  Let's hope not.

Yep. As someone said , life is not fair. Some ppl will inevitably stumble into Pattaya at the bottom, and the pyramid will be built back up again. And they will get rich. Then they will write books about their success and how you can be successful too. Except its all just chance. The hidden role of luck in life.

 

Maybe right now is the bottom. And someone picking up cheap leases will make off like a bandit.

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On 7/25/2021 at 11:57 PM, champers said:

I bet they do.????

The Grand Sole hotel on 2nd Road and huge swathes of land nearby are under AWC or Chang ownership. It's as if they are waiting for a green light before putting shovels in the ground. Maybe a change of PM will herald a new dawn.

Its amazing. Somehow the oligarchs at the top swim in inflation proof money. Will their big plans be cashflow positive ? It doesn't seem to matter.

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On 7/22/2021 at 11:09 PM, Broken Record said:

I think Casinos are a certainty, new condos and Malls are still being built, investments of billions of baht, they are not doing this for nothing, they are not doing this in the hope that sex tourists from the likes of the UK come here to get drunk for 2 weeks in Soi 6.

I believe that people who are investing Billions of Baht probably have some insider knowledge of the future plans for a new Pattaya, and those plans won't be factoring in the old demographic.

 

We've been hearing big talk about casinos in Pattaya for some time now. But when is something finally going to happen on that front ? It would be a good fit. ????

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Don't know if this has been posted in this thread yet apologies if it has been.

 

Seems this very rich group is having a bet on Pattaya to the tune of

8.1 billion baht !!

This group bought the Sigma Resort at the far south end of Jomtien beach.

 

"In February, she also acquired the 287-room Sigma Jomtien Pattaya Hotel for 550 million baht."

 

 

https://www.forbes.com/sites/rgluckman/2021/07/08/thai-real-estate-giant-bets-big-on-tourism-rebound-with-32-billion-growth-plan/?sh=30d9cfdc3ecd


 

 

"Transforming Pattaya—a former recreational playground for U.S. servicemen during the Vietnam War with a sleazy reputation as a sex tourism destination—seems like a high-stakes gamble. But Wallappa doesn’t think so, saying she believes that a new international airport proposed to be built by 2023 and planned rail links connecting Pattaya to Bangkok’s two airports, plus a monorail that will run right by the AWC Center, could turn it into a global getaway like Phuket.

“Pattaya has a lot of image problems,” says Jeremy O’Sullivan, head of research at real estate consultancy Savills in Thailand. “But they are one of the only companies that could pull something like this off.” Nikhom from Horwath HTL agrees, noting that while AWC has the money and could pull in the right partners to revamp Pattaya, success will largely depend on how quickly public infrastructure develops. Thailand, after all, is known for delays."

 

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45 minutes ago, Henryford said:

They are asking 140,000 baht a sqm for pre orders !

Wow  that's expensive  4.2 million for a 30 square meter shoe box !!

 

before the Covidiocy hit  there where reports of Pattaya having something like 20,000  unsold condo units..and yet they keep building relentlessly.

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35 minutes ago, Harsh Jones said:

i plan on taking my wife and kid to Pattaya for the shopping, water parks and family fun. Plus I will get to ride a street bike for a few days and take a jet ski for a spin.

Why not take the family and the kids to Walking Street? The Russians dont seem to have a problem taking their families...

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3 hours ago, johng said:

Don't know if this has been posted in this thread yet apologies if it has been.

 

Seems this very rich group is having a bet on Pattaya to the tune of

8.1 billion baht !!

This group bought the Sigma Resort at the far south end of Jomtien beach.

 

"In February, she also acquired the 287-room Sigma Jomtien Pattaya Hotel for 550 million baht."

 

 

https://www.forbes.com/sites/rgluckman/2021/07/08/thai-real-estate-giant-bets-big-on-tourism-rebound-with-32-billion-growth-plan/?sh=30d9cfdc3ecd


 

 

"Transforming Pattaya—a former recreational playground for U.S. servicemen during the Vietnam War with a sleazy reputation as a sex tourism destination—seems like a high-stakes gamble. But Wallappa doesn’t think so, saying she believes that a new international airport proposed to be built by 2023 and planned rail links connecting Pattaya to Bangkok’s two airports, plus a monorail that will run right by the AWC Center, could turn it into a global getaway like Phuket.

“Pattaya has a lot of image problems,” says Jeremy O’Sullivan, head of research at real estate consultancy Savills in Thailand. “But they are one of the only companies that could pull something like this off.” Nikhom from Horwath HTL agrees, noting that while AWC has the money and could pull in the right partners to revamp Pattaya, success will largely depend on how quickly public infrastructure develops. Thailand, after all, is known for delays."

 

Big plans for 2nd Road between Klang and Central Marina where huge swathes of derelict land are owned by Chang (daddy's company). Once Covid dies down watch the cranes and piling rigs come rolling in.

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6 minutes ago, champers said:

Big plans for 2nd Road between Klang and Central Marina where huge swathes of derelict land are owned by Chang (daddy's company). Once Covid dies down watch the cranes and piling rigs come rolling in.

Can't just have condos and hotels though

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2 minutes ago, champers said:

Once Covid dies down watch the cranes and piling rigs come rolling in.

Yes interesting to see  what appears..more shopping malls maybe ?

they could all be linked together by a skywalk/train/monorail  à la Bangkok   then the Bangkokiakns will feel right at home   when they visit on the weekends and holidays. :clap2:

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2 minutes ago, scubascuba3 said:

Can't just have condos and hotels though

I think the area is ripe for casino construction; the Las Vegas model of ground floor gambling, eating and shopping options with hotel rooms built above.

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