Land prices in Pattaya surge, Beach Road areas become most expensive, says Thai treasury department

[webfact]

 

By Tanakorn Panyadee

 

Pattaya — Land prices in Pattaya have surged by 42.83% while the areas near Pattaya Beach Road become the most expensive reportedly due to the vast budget invested by the Thai government in the Eastern Economic Corridor scheme (EEC).

 

The land prices are estimated by the Treasury Department. The most expensive land is now the areas adjacent to Pattaya Beach Road, which cost around 220,000 baht per 4 square meters.

 

Full story: https://thepattayanews.com/2022/07/26/land-prices-in-pattaya-surge-beach-road-areas-become-most-expensive-says-thai-treasury-department/

 

 

-- © Copyright The Pattaya News 2022-07-27

 

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[RichardColeman]

Sounds a bit like pork farmers talking up the price of pork 

[ezzra]

Prices of sea front and sea view properties will always command a higher prices, if not now than in the future and the same goes to Pattaya and other sea front properties... there are throve of fed up Chinese who are fed up witht he dictatorial regime of Beijing and want out..

[Excel]

1 hour ago, RichardColeman said:

Sounds a bit like pork farmers talking up the price of pork 

and telling porkies ????

[Lucky Bones]

Errrrrrr. A very wishy washy story.

My detached house in East Pattaya has increased by how much?

Really??

[Excel]

Just now, Lucky Bones said:

Errrrrrr. A very wishy washy story.

My detached house in East Pattaya has increased by how much?

Really??

Your house is not in Beach Road were LaLaLand meets the sea ????

[Lucky Bones]

4 minutes ago, Excel said:

Your house is not in Beach Road were LaLaLand meets the sea ????

The story is headlined "Pattaya....." while focusing on Beach Road.

Just more garbage.

[Excel]

1 minute ago, Lucky Bones said:

The story is headlined "Pattaya....." while focusing on Beach Road.

Just more garbage.

Of course it's all garbage, just published for Thai consumption I suspect by the Thai treasury and it's such a shame someone had so little to do that they translated it into English and perhaps got paid for re-publishing it.  If you look at the translators bio it states he is 22 years old . "Also Interested in English translation, story telling and entrepreneurship" .   I will leave it up to you to decide which of those 3 interest fit the story but I know what my choice is ????

[ezzra]

12 minutes ago, Lucky Bones said:

The story is headlined "Pattaya....." while focusing on Beach Road.

Just more garbage.

It goes on to say Beach road, as a rule of thumb all beach front properties are much more expensive than those in the back far from the beach and that goes for almost all other courtiers where they have beachfront land for habitations...

[Lucky Bones]

14 minutes ago, ezzra said:

It goes on to say Beach road, as a rule of thumb all beach front properties are much more expensive than those in the back far from the beach and that goes for almost all other courtiers where they have beachfront land for habitations...

Agreed. The unsuspecting might get excited by these numbers.

A quick walk of Beach Road will likely show 42.83% unoccupied with rent/sale signs.

[HappyExpat57]

Charge what you want, there are currently no buyers.

[jcmj]

I’m still waiting for Pratumnak hill prices to rise. Come on Casinos. ????

[sammieuk1]

I will buy 1 sq mm for a rainy day and watch it drift off into the sunset ????

[ezzra]

1 hour ago, jcmj said:

I’m still waiting for Pratumnak hill prices to rise. Come on Casinos. ????

While i was looking to buy a sea view unit on Pratumnak i have noticed that most good quality condominiums building were offering only 10-20 parking spaces for it's tenants out of say a 100 + units there are parking for only 20 cars or so and for me its a deal breaker..

[newnative]

1 hour ago, HappyExpat57 said:

Charge what you want, there are currently no buyers.

    Nonsense.  My partner and I have sold two properties this year, a house on the Darkside and a seaview Pattaya condo, both at a nice profit.  The condo, by the way, was on Beach Road.  There are plenty of buyers for quality properties.  As Ezzra has said, seaview condos go for a premium.  We've sold about 20 of them, all at a profit.

[champers]

I do think there is demand for quality locations and feel that China and Hong Kong in particular have a lot of potential buyers.

The Thai Government is actively encouraging these types of foreign investors, much derided by many on this forum who are not remotely the target market.

[HappyExpat57]

6 hours ago, newnative said:

    Nonsense.  My partner and I have sold two properties this year, a house on the Darkside and a seaview Pattaya condo, both at a nice profit.  The condo, by the way, was on Beach Road.  There are plenty of buyers for quality properties.  As Ezzra has said, seaview condos go for a premium.  We've sold about 20 of them, all at a profit.

Then you're obviously pricing them at fair market value. I've seen far too many properties for sale with ridiculous prices.

 

BTW, I was renting a nicer place in Na Jomtien. The owner, desperate to sell,  dropped the pre-covid price more than 30% and got not even a nibble.

 

 

Edited July 27, 2022 by HappyExpat57

[newnative]

28 minutes ago, HappyExpat57 said:

Then you're obviously pricing them at fair market value. I've seen far too many properties for sale with ridiculous prices.

 

BTW, I was renting a nicer place in Na Jomtien. The owner, desperate to sell,  dropped the pre-covid price more than 30% and got not even a nibble.

 

 

       I think we try to be fair with our pricing, while making a profit.  We'd rather have something sell than have it sit for years.   The condo we sold last week was at a nice project with an average square meter price of 116,456 baht, according to Hipflat.   The condo we sold went for 113,924 baht a sqm.  We possibly got slightly less because it was not in foreign quota and foreign quota was full.  

      I agree with you that some of the pricing is ridiculous.  Hipflat has a 62sqm condo at a new central Pattaya condo project for 13.5MB, almost 219,000 a sqm.  Sorry, no condo in Pattaya is worth 219,000 baht a sqm, in my opinion.  Walk right next door to a slightly older project by the same developer and you can get 62 sqm for about half that.  Same location, location, location.

      

[Kenchamp]

On 7/27/2022 at 11:34 AM, champers said:

I do think there is demand for quality locations and feel that China and Hong Kong in particular have a lot of potential buyers.

The Thai Government is actively encouraging these types of foreign investors, much derided by many on this forum who are not remotely the target market.

Absolutely right and anything beach front, in particular with ocean views will be sort after

[3NUMBAS]

until the next pandemic when they will plunge again 

 

not a long term investment unless to harbour  tea money