Went to look at a condo for sale in "A" block, Nova Mirage in Wong amat - seemed ok, but there seems to be an awful lot of condos for sale on the development, which concerns me....

Anyone live there care to comment about the development / area etc.....

Buying into a mirage?

Wong Amat beach is being overbuilt, there are about 10 condos/developments either recently completed, under construction or in the permit stage in the area.

Edited February 16, 201016 yr by InterestedObserver

I nearly bought there 2 years ago .They have a nice big balcony and good design .The pool is a bit small IMO .Whether you should buy depends on price and your current circumstances .

I have an 88sqm corner unit in building B (currently rented out) which in my opinion has the best view of all the buildings from the 4th floor upwards. Nova generally build more cheaper affordable condo's and this makes them good investments in my opinion especially if you look at the crazy prices per SQM of condo's over the road from the project. Yes Wongamat is getting overcrowded but with the new Central Wongamat beach hotel, the Cove, Northpoint and other completed luxury developments this is a very nice area of Pattaya although it needs more amenities. Don't be surprised if a lot of those new planned developmments never get off the ground if the current financial situation persists. If you get a high floor at a decent price then go for it in my opinion...at least you are buying into a completed project rather than take a risky off-plan purchase.

I have an 88sqm corner unit in building B (currently rented out) which in my opinion has the best view of all the buildings from the 4th floor upwards. Nova generally build more cheaper affordable condo's and this makes them good investments in my opinion especially if you look at the crazy prices per SQM of condo's over the road from the project. Yes Wongamat is getting overcrowded but with the new Central Wongamat beach hotel, the Cove, Northpoint and other completed luxury developments this is a very nice area of Pattaya although it needs more amenities. Don't be surprised if a lot of those new planned developmments never get off the ground if the current financial situation persists. If you get a high floor at a decent price then go for it in my opinion...at least you are buying into a completed project rather than take a risky off-plan purchase.

Hi eltelboy, you bought a 88sqm corner unit and rented it out. Are you kind enough to share how did you managed to secure a loan from the Thai banks?

Currently I'm looking for ways to get a loan in my name (Farang) from the Thai bank for real estate investment in Thailand. Hope you can shed some light here. Would greatly appreciate it

Edited March 3, 201016 yr by xm911e3

I have an 88sqm corner unit in building B (currently rented out) which in my opinion has the best view of all the buildings from the 4th floor upwards. Nova generally build more cheaper affordable condo's and this makes them good investments in my opinion especially if you look at the crazy prices per SQM of condo's over the road from the project. Yes Wongamat is getting overcrowded but with the new Central Wongamat beach hotel, the Cove, Northpoint and other completed luxury developments this is a very nice area of Pattaya although it needs more amenities. Don't be surprised if a lot of those new planned developmments never get off the ground if the current financial situation persists. If you get a high floor at a decent price then go for it in my opinion...at least you are buying into a completed project rather than take a risky off-plan purchase.

Hi eltelboy, you bought a 88sqm corner unit and rented it out. Are you kind enough to share how did you managed to secure a loan from the Thai banks?

Currently I'm looking for ways to get a loan in my name (Farang) from the Thai bank for real estate investment in Thailand. Hope you can shed some light here. Would greatly appreciate it

Well 'xm911e3' Well I will give you, you are consistant. The answer to your question is you can't unless you have a work permit or resident- good luck on the condo purchase BTW.

Edited March 3, 201016 yr by pkrv

Yes PKRV is right, it is very difficult for a foreigner to secure a loan. Usually it is new projects that are promoting/desperate to move a few units that might offer some sort of financial assistance and you can see these advertised in the local real estate mags.

A few of the new Condos desperate to sell are offering payments over 5 years .