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Thailand's Pattaya Market Emerging as Niche Real Estate Development Target

World Property Chennel
Thailand's Pattaya Market Emerging as Niche Real Estate Development Target - Niche Real Estate - Pattaya - Thailand - property market


It may not have the glitz and glamour of a Las Vegas or Atlantic City, but Pattaya in Thailand has long been a major tourist destination in Asia. Now it is emerging as a budding real estate development site.



Pattaya sits on the east coast of the Gulf of Thailand, about 165 kilometers southeast of Bangkok. The city is within but not part of Amphoe Bang Lamung (Banglamung) in the province of Chonburi.

A total of 5,000 luxury hotel rooms will open in Pattaya over the next three years, with the new developments expanding out of central areas into the neighboring Sattahip and Na Kluea districts along the coast.

Pattaya also has seen a strong growth in its real estate markets since 2008 and a number of long term, planned environment improvements are helping to make it a more attractive prospect for major real estate development, according to a recent forum orchestrated by the Agency for Real Estate Affairs (AREA) and the Eastern Seaboard chapter of the Real Estate Brokers Association.

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