john luke Posted September 13, 2022 Share Posted September 13, 2022 Some work going on here too. Link to comment Share on other sites More sharing options...
Glasseye Posted September 16, 2022 Share Posted September 16, 2022 Pipe dream.... https://www.pattayamail.com/latestnews/news/pattaya-property-market-shifting-away-from-condos-say-developers-410453 Pattaya property market shifting away from condos, say developers By Barry Kenyon - September 16, 2022 0 3066 Share on Facebook Tweet on Twitter Pattaya’s Land Office (Grom Tee Din) which registers all formal property transactions, is now promoting mobile banking and investment strategies by downloading the apps. However, it’s the Thai language only. Thailand’s Real Estate Information Center (REIC) in its September 2022 report indicates what everyone knows: there are a lot of unsold condominium units in Pattaya. Last June, the total number awaiting a buyer in Chonburi province (which includes Pattaya) was just short of 17,000, worth on paper 78 billion baht or just under 2 billion pounds. REIC suggests a slowdown in new high-rise developments to allow the “absorption” rate to kick in. A revival is certainly on the cards. Property consultant Colliers Thailand points out that sales in early 2022 were much better than in the recent past. Several future developments could well transform prospects, including the return of the Chinese who already own half the foreign-owned condominium units in all major Thai cities. Pattaya is strategically located in the Eastern Economic Corridor which is rapidly transforming infrastructure links, especially transport, and continues to upgrade technologically the Thai economy, especially in Rayong province. A major problem with the condo market is a glut of studio apartments, those 30 sqm apartments in which a cat cannot be swung around. According to some realtors, the possible advent of casinos might help to resolve even that issue as international and home-based gamblers seek a pied-a-terre not too far from the luxurious betting emporium of their choice. Others say that the revival of international tourism in Pattaya will create more job opportunities for Thais who, in turn, will seek their first step on the property ladder. However, some companies are increasing their portfolios in expensive low-rise branded residences and vacation homes for the super-rich. Tokyu, Sansiri, Ametus and Habitat amongst others are partly switching from reliance on condos. Habitat is doubling its investment portfolio exposure to 40 percent in coming years, whilst Ametus is currently promoting a luxurious seafront villa on Jomtien under the label Billionaire Street. Meanwhile the government has controversially relaxed the ruling that foreigners cannot own freehold property under their own name. Those who are willing to invest 40 million baht, about one million pounds, in property, security or funds over a three-year period can qualify for one rai or 1,600 sqm in Thailand, not a particularly generous upper limit. Many social media critics say only rich idiots would contemplate such an offer in Sin City. But others would argue that the area is changing fast and rapidly moving upmarket. Admittedly Pattaya is still dominated by bars, massage parlors and entertainment for western tourists in particular. The question is whether that’s permanent. Link to comment Share on other sites More sharing options...
forcebwithu Posted October 3, 2022 Author Share Posted October 3, 2022 Construction update on the new market next to Nirun. @Yesitisdakid, if I inadvertently captured your room in the pic, let me know and I'll blur it out. They've started clearing another plot of land ahead of construction. Looks like this area will be covered market stalls. Not looking forward to the traffic congestion that is bound to happen due to the narrow road and inadequate space for parking. 5 Link to comment Share on other sites More sharing options...
john luke Posted October 31, 2022 Share Posted October 31, 2022 Demolition in the area between Dolphin Circus and Beach Road near the Amari Group of hotels. Link to comment Share on other sites More sharing options...
john luke Posted October 31, 2022 Share Posted October 31, 2022 Work adjacent to the Tailors shops on Beach Road. Link to comment Share on other sites More sharing options...
john luke Posted November 4, 2022 Share Posted November 4, 2022 A new outdoor market is being constructed in the area between Second Road, Big C and Hollywood Link to comment Share on other sites More sharing options...
Painter Posted November 5, 2022 Share Posted November 5, 2022 What was The Haven, on soi 13, has got workers in. It was demolished 5 years ago? 1 Link to comment Share on other sites More sharing options...
Glasseye Posted November 6, 2022 Share Posted November 6, 2022 On 11/5/2022 at 3:47 PM, Painter said: What was The Haven, on soi 13, has got workers in. It was demolished 5 years ago? Interesting. Some of us in here were recently discussing the old Haven spot. I'm kind of curious If Sandy Springs will be expanding there, or not. Link to comment Share on other sites More sharing options...
happyfalang Posted November 6, 2022 Share Posted November 6, 2022 4 hours ago, Glasseye said: Interesting. Some of us in here were recently discussing the old Haven spot. I'm kind of curious If Sandy Springs will be expanding there, or not. Sad part is they drove out the owner of the Haven years ago and then let it sit empty all this time. Maybe the market changed or financing for the expansion fell thru. 1 Link to comment Share on other sites More sharing options...
Bazle Posted November 7, 2022 Share Posted November 7, 2022 The latest "dig" on Soi 15 is at The Avenue car park entrance/exit - Link to comment Share on other sites More sharing options...
Glasseye Posted November 9, 2022 Share Posted November 9, 2022 On 11/7/2022 at 2:45 PM, Bazle said: The latest "dig" on Soi 15 is at The Avenue car park entrance/exit - Friggin lovely ! Link to comment Share on other sites More sharing options...
Bazle Posted November 9, 2022 Share Posted November 9, 2022 I've just walked by this place on Soi Buakhao. It is opposite Mayfairs, and next to Old Number 7. Evidently, it was once a Findig shoe shop, and is destined to be yet another bar. 1 1 Link to comment Share on other sites More sharing options...
john luke Posted November 12, 2022 Share Posted November 12, 2022 The area bounded by Second Road and the road running from Dolphin Circus to Beach Road is being cleared. It is a large area but I doubt if it would be big enough for a large hotel complex or shopping mall. Link to comment Share on other sites More sharing options...
Derek Dangleberries Posted November 12, 2022 Share Posted November 12, 2022 42 minutes ago, john luke said: The area bounded by Second Road and the road running from Dolphin Circus to Beach Road is being cleared. It is a large area but I doubt if it would be big enough for a large hotel complex or shopping mall. Big enough for a Monorail Terminus though..... 1 Link to comment Share on other sites More sharing options...
john luke Posted November 21, 2022 Share Posted November 21, 2022 Another area of significant demolition. 1 Link to comment Share on other sites More sharing options...
KWA Posted December 2, 2022 Share Posted December 2, 2022 Big new market development in Soi Pettrakul, the one behind Central Marina between 2nd and 3rd Road at the north end. I'm sure there will be lots of food stalls but looks like a bit more too. 2 Link to comment Share on other sites More sharing options...
john luke Posted December 11, 2022 Share Posted December 11, 2022 Link to comment Share on other sites More sharing options...
Painter Posted December 17, 2022 Share Posted December 17, 2022 Posh new buildings being constructed by the automated car park at Bali Hai. The large fridges at the back and the logo on the window implies they are going to be 7-11. It's an ideal location for a new 7-11. It's right next to this.... 1 5 Link to comment Share on other sites More sharing options...
john luke Posted January 25, 2023 Share Posted January 25, 2023 The end of an era. The site adjacent to Terminal 21 is in the process of being cleared. I wonder what will be built. The name of the former bar complex I think was Drinking Street, but I could be wrong. 1 Link to comment Share on other sites More sharing options...
Bazle Posted January 25, 2023 Share Posted January 25, 2023 10 hours ago, john luke said: The end of an era. The site adjacent to Terminal 21 is in the process of being cleared. I wonder what will be built. The name of the former bar complex I think was Drinking Street, but I could be wrong. Q I might well be mistaken but I think I recall reading a while ago that it is to be a multi-storey car park. 1 Link to comment Share on other sites More sharing options...
Blue Streak Posted January 30, 2023 Share Posted January 30, 2023 This monster on 3rd Rd just by the overpass to Bali Hai... Opposite loads of hotels empty or have for rent signs outside... Link to comment Share on other sites More sharing options...
Blue Streak Posted March 1, 2023 Share Posted March 1, 2023 Maybe soon, the Eurogrand Hotel Pattaya 413/87-92 Moo 3 Soi Bongkot, Pattaya, is now......Opposite the Urban Attitude...... 1 Link to comment Share on other sites More sharing options...
happyfalang Posted March 1, 2023 Share Posted March 1, 2023 On 1/25/2023 at 8:49 PM, Bazle said: I might well be mistaken but I think I recall reading a while ago that it is to be a multi-storey car park. They are going to actually do something about parking?????? Shocking. Infrastructure development isn't something we usually see. Link to comment Share on other sites More sharing options...
Derek Dangleberries Posted March 1, 2023 Share Posted March 1, 2023 1 hour ago, Blue Streak said: Maybe soon, the Eurogrand Hotel Pattaya 413/87-92 Moo 3 Soi Bongkot, Pattaya, is now......Opposite the Urban Attitude...... Yep, that is on my main "Sato route" 1 Link to comment Share on other sites More sharing options...
forcebwithu Posted April 25, 2023 Author Share Posted April 25, 2023 Rebar for support columns going in on the vacant plot next to Jo Massage on Soi Honey. 1 2 Link to comment Share on other sites More sharing options...
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