Pattaya Condo Developments

[PattayaOneTeam]

Condo Developments - A Plethora of Pattaya Possibilities

The greater Pattaya area, ranging from Naklua down to Bang Saray, has numerous condominium developments. The range is huge, some are enormous while others are boutique, some luxurious and some run-down, some are in prime, prominent locations while others are hidden away, some offer a tranquil lifestyle while some are in the heart of the busy nightlife. I could go on, but I think you get the idea.

One might say that there is something for everyone, which is the very reason why it is impossible to say with absolute certainty which is the best of Pattaya's condos. Any such assessment is, by its very nature, a subjective assessment, albeit one that can undoubtedly be based on certain objective criteria. Thus, one can say which are the most convenient, the most luxurious, the most tranquil, which have the best views, so on and so forth. And you might well argue that the condo with the most positive attributes is the best, but then what about the value for money it offers. If you have to pay a disproportionate premium to get the condo with the most positive attributes does that prevent it from being as good as it might otherwise have been?

With any assessment of real estate, be it land, a house, a condo, etc, it is often said, and with very good reason, that location is the most important consideration. In terms of which location is best for a condo in Pattaya, there is more than just one good area and which of those is best for any given individual depends upon what is most important to that person. For example, for those who want to be close to everything and everywhere, condos like Northshore and View Talay 6, both on or extremely close to Pattaya Beach Road, provide a combination of outstanding convenience (save for when Pattaya Beach Road is closed for one event or another), very good sea-views and proximity to the beach (although it is also fair to say that Pattaya Beach is not everyone's cup of tea).

For those who don't want to be right in the centre of town, but also don't want to be too far away, Wongamat Beach and more particularly the condos built adjacent to it tend to offer a very good option. Accordingly, they are very popular and, for Pattaya, generally very expensive. My own personal favourite is probably Baan Rimpha, which is located very close to the Dusit hotel in an absolutely prime location. However, it is a relatively small development with only big units which are therefore only affordable for a select few. Nevertheless, it is still very hard to get a place in there. They only rarely come on the market and there is usually a waiting list to get one.

Further down the beach, Saranchol also has an outstanding reputation and for good reason, with very nice units in a lovely setting. However, again in local terms the apartments are very expensive. Not far away, Raimon Land has just completed the twin tower Northpoint development, which has sold very well, with prices typically in the 100,000 Baht to 150,000 Baht per square metre range. It is a quality development of luxury units on a beautiful 12 rai beachfront site with extremely good communal facilities. A slight negative, albeit a temporary one, might be the fact that Raimon Land have just announced that they will launch another two-tower development to be called Zire right next door in January 2011. So it appears likely that the owners of Northpoint will have a large and potentially noisy building site next door for the next few years.

Typically I think it is fair to say that many of the better value units, and certainly the newer projects that fall into that category, tend to be found in Jomtien and the Pratumnak Hill area. A number of Israeli developers, such as Iguana and Heights Holdings, have focused on building value for money, budget and middle market developments which have proven to be very successful over the past couple of years. Many of these projects focus on using space as efficiently as possible, such that lots of one-bedroom units of only around 30 to 40 square metres have cropped up. While these are obviously only very small they have undoubtedly hit the right note with lots of buyers. It means that purchasers have been able to buy one-bedroom units, however small, for between one and two million Baht. I think the appeal is relatively obvious. If your choice is between a studio and a one bedroom of roughly the same size and thus the same price, in a one-bedroom you have the additional privacy afforded by a separate room. [more…]

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-- Pattaya One 2011-01-08