Pattaya Daily News

27 October 2006 :: 14:10:12 pm 23096

Foreigners paraded into Pattaya to buy condos and apartments for long stay

The sale growth of condos and apartments in Pattaya is continuously expanding along with the increasing numbers of foreigners who come to Pattaya for business within the period of 3-6 months or long staying.
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Director of Tourism Authority of Thailand in Pattaya, Mr. Chaiwat Jaroensook revealed the potential of long staying business growth in Pattaya ,he expected that the foreigners will invest more in purchasing of beautifully decorated and fully furnished condos or apartment units. The popular price range of 3-5 Million Baht are demanded from the foreigners who made regular trips to Pattaya. This also applied to retired foreigners who planned to settle down here they would look for something similar.

Pattaya tends to be the second home for any flexible retirement plan. This will certainly boost the circulating cash flow for the Real Estate Industry in Pattaya. The disadvantage would be that the city still has insufficient Public Utility system to support the rapid growth of foreign residents.

At present, South Pattaya and Jomtien Beach , there are many new buildings coming up to support tourists who look for long stay accommodation basis

Reporter : PDN staff   Photo : PDN staff   Category : Business News

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