Raimon Land Releases Why Invest…Pattaya, An In-Depth Look Into The Beach Resort’s Property Market

Thailand’s premier luxury condominium developer Raimon Land has released Why InvestPattaya, an unprecedented and in-depth expertise into the residential property market in Thailand’s top beach resort and its environs. Why Invest Pattaya presents that investors in premium high-end condominiums are achieving significant capital gains and rental returns, backed by a growing local economy and upmarket tourism sector. Raimon Land CEO Mr. Nigel J Cornick said the report’s findings point to fertile ground for penetrative real estate buyers. “Pattaya offers investors a tremendous opportunity to realize both strong short-term gains as well as long-term growth through investments in grade A condominium developments, along with a host of active outdoor lifestyle options,” he said.

According to Why Invest Pattaya, investors have turned over condominium units, such as those at Raimon Land’s 187-unit Northshore launched in 2004, for returns as high as 30% the following year with some purchase prices jumping to 40-50% in 2006. “This shows no sign of slowing down with only a limited supply of high-end developments available on the market, and the traditional buying markets of the UK, America and Scandinavia being supplemented by strong interest from Eastern European countries including Russia," said Mr Cornick.

The report notes that Pattaya’s buoyant condominium sector saw the average price rise 52% from the THB59,000 per square metre (psm) achieved in 2004 to a THB89,842 psm average in 2007. It further reveals promising rental returns in low-risk, long-term investments with 9-12% annual yields already being achieved at Pattaya’s Northshore condominium.