Friday, 12 October 2012

Pattaya Property

Pattaya is a booming city in Thailand. It has one of the highest returning tourists in Thailand. Property prices mushroomed upwards since 2009. I bought a property in Angket Hip Residence.

Angket Hip Residence is located 700m from Jomtien Beach. This is one of the tallest building in that area - 23 storeys. Planning permission now restricts low properties to 8 stories in that area and that is why there are not many tall buildings near the beach front being built anymore. This building has been refurbished by Thai Bliss Assets and it has gauranteed investment returns and guaranteed buyback for investors. All in a 10% per annum return for 3 years.

At this time, new launches are above 45000 baht per metre square. This is insane pricing in pattaya. The price per sq ft works out to about USD $200 psf.

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