Foreign Investors Still Optimistic About Pattaya
#1
Posted 2008-06-06 20:24
BANGKOK: -- The Thai Government is currently taking steps to reassure foreign investors, one of Thailand‘s biggest money earners, that the present wave of political protests is a short term affair and isn‘t indicative of long-term instability.
Apparently, Foreign Minister Noppadon Pattama thought it necessary to reassure the British business community, in particular via the UK‘s Foreign Minister, David Miliband, that all was essentially well in the Land of Smiles and what discontent there was was merely a symptom of the democratic process.
Everybody here understands that street protests are normal in any democratic country and they don‘t have to hurt government stability," Noppadon said in a press briefing in London on June 3, 2008.
Mr. Noppadon's attempt to reassure both foreign investors and potential tourists was apparently in response to a recent report that Asian tourists in particular are shying away from Thailand because of the political protests, Malaysia and Indonesia, apparently issuing travel warnings to their citizens contemplating Thai holidays. Highly respected Thai commentator, Prawase Wasi, also warned that the Thai poltico-economic conflicts were discouraging investment and tourism and proposed the establishment of a national government as a solution.
All this popular mass protest recently witnessed in the streets of Bangkok, doesn't seem to have radically affected Russian and Scandinavian investors, particularly in Pattaya, however. In 2007, 889,656 Russians visited Pattaya, up 84 per cent from 2006, making them the leading market for the resort. According to Raimon Land's CEO, Nigel Cornick's recent edition of the definitive property guide "Why invest...... Pattaya", the Russians and Scandinavians have now displaced the Brits and Germans as the main property investors in Pattaya, which is particularly good news for developers in this fair city. And although the Russians have been coming here for the past 10 years, it's only in the past two that they have started to buy up Pattaya properties. Last year, according to Raimon Land, Russian property purchases accounted for 22 per cent, (USD 7.7 million) of condominium sales in their upmarket developments Northshore, The Lofts, Southshore and Northpoint.
The Russians, however, not exactly being super-linguists as any Pattaya-Jomtien baht-bus passenger can readily attest, do tend to place their trust in their own language speakers, which is why recently so many Pattaya Real estate agents have begun to recruit Russian speakers, as a glimpse at the classified Jobs Offered sections of the local media will confirm. Although some longer term Russian Pattaya residents have begun placing their children in the local international schools where learning English is far cheaper than back in Russia.
One new trend, however, won't gladden the hearts of the established Pattaya real estate agencies, however, that of the recent setting up of real estate agencies by authentic Russians, many of whom have direct links with the lucrative CIS tourist group market. Uriy Segal, the Russian president of Russian House, a newly set-up Pattaya property agency, stated "I think this year (2008), Russians will account for 40 per cent of property sales in Pattaya." Segal also commented that compared to Moscow, property prices in Pattaya are a bargain.
Although there is a growing trend for Russians to open their own real estate agencies, their local Western brethren can still count on substantial Russian custom, however, as can be vouched for by the likes of Raimon Land, CB Richard Ellis and Siam Best Enterprises.' ultra prestigious, Ocean 1 Tower. Russians, apparently, love to boast of their purchases back home and ownership in Siam Best Enterprises.' ultra prestigious, Ocean 1 Tower, as SE Asia's potentially tallest building comes top of the list.
For most Pattaya real estate agencies however, the Scandinavian local investor market is much less lucrative. Although there is a prediction by Colliers International of a huge incipient surge from Nordic RSH (retired and second home) investors, with Pattaya investments estimated at Bt1550 billion (2008-9), local real estate agents can expect to see little of this as the Swedish and Norwegian market in Pattaya is effectively sewn by up savvy Scandinavian developers who often sell Pattaya properties to their compatriots even before they come to what is now termed the Asian Riviera or mini-Bangkok, i.e. Pattaya.
-- Pattaya Daily News 2008-06-06
#2
Posted 2008-06-06 21:37
#3
Posted 2008-06-06 22:07
#4
Posted 2008-06-06 22:42
#5
#6
Posted 2008-06-06 23:17
But every time an article on pattaya real estate mentions Nigel Cornick, I tune out !
Sorry Nige, you're a great guy, but Tb 120,000 a square metre for Pattaya defies sanity
An' how come you never sell the units in the high rises facing inland !!
#7
Posted 2008-06-06 23:38
george, on 2008-06-06 20:24:24, said:
Noppadon is a jerk. A bozo. A clown. But a "normal" one.
Sure... everybody understand that coups "are normal", that political stalemate "is normal", (comment deleted) , and that Thailand is definitely normal.
The guy was better in his role of Thaksin's lawyer, and when he was his spokeman under the Junta. At least, he was able to play the victim...
But now, as "Foreign Minister" (ah ah ah) this is just too much. Talk about credibility.
Anyway : you know now that everything is "normal".
So what are you waiting for ? Go to buy condos in Pattaya-the-dump ! Allez !
#8
Posted 2008-06-07 02:06
The downfall is that soi baguell (mind my spelling), is now probably the busiest soi, because of the cheapest beer, and that they have true happy hours, like buy 1 get 1 free.
Most tourists are now going down phuket, and koh samui, but i once read a breifing in a local newspaper about pattaya, saying why live in pattaya, and get robbed. Its got the highest crime rate in Thailand.
I've live here 7 years, married to a very nice lady, seen a few bad things, but never had the pleasure of being robbed. (Touch wood).
Why less of the rubbish, went to the computex fair in Taipei, so asked hotel were is all the action, they said johnston street, and guest who i came across first in a bar, a thai lady from kaon khen, european prices for bear a fiver for a lady drink and seventy quid for all the added extras. Not the most attractive bars, but had a good crack.
Well Back home tomorrow, cant wait to hit the town again.
#9
Posted 2008-06-07 02:12
george, on 2008-06-06 20:24:24, said:
BANGKOK: -- The Thai Government is currently taking steps to reassure foreign investors, one of Thailand's biggest money earners, that the present wave of political protests is a short term affair and isn't indicative of long-term instability.
Apparently, Foreign Minister Noppadon Pattama thought it necessary to reassure the British business community, in particular via the UK's Foreign Minister, David Miliband, that all was essentially well in the Land of Smiles and what discontent there was was merely a symptom of the democratic process.
Everybody here understands that street protests are normal in any democratic country and they don't have to hurt government stability," Noppadon said in a press briefing in London on June 3, 2008.
Mr. Noppadon's attempt to reassure both foreign investors and potential tourists was apparently in response to a recent report that Asian tourists in particular are shying away from Thailand because of the political protests, Malaysia and Indonesia, apparently issuing travel warnings to their citizens contemplating Thai holidays. Highly respected Thai commentator, Prawase Wasi, also warned that the Thai poltico-economic conflicts were discouraging investment and tourism and proposed the establishment of a national government as a solution.
All this popular mass protest recently witnessed in the streets of Bangkok, doesn't seem to have radically affected Russian and Scandinavian investors, particularly in Pattaya, however. In 2007, 889,656 Russians visited Pattaya, up 84 per cent from 2006, making them the leading market for the resort. According to Raimon Land's CEO, Nigel Cornick's recent edition of the definitive property guide "Why invest...... Pattaya", the Russians and Scandinavians have now displaced the Brits and Germans as the main property investors in Pattaya, which is particularly good news for developers in this fair city. And although the Russians have been coming here for the past 10 years, it's only in the past two that they have started to buy up Pattaya properties. Last year, according to Raimon Land, Russian property purchases accounted for 22 per cent, (USD 7.7 million) of condominium sales in their upmarket developments Northshore, The Lofts, Southshore and Northpoint.
The Russians, however, not exactly being super-linguists as any Pattaya-Jomtien baht-bus passenger can readily attest, do tend to place their trust in their own language speakers, which is why recently so many Pattaya Real estate agents have begun to recruit Russian speakers, as a glimpse at the classified Jobs Offered sections of the local media will confirm. Although some longer term Russian Pattaya residents have begun placing their children in the local international schools where learning English is far cheaper than back in Russia.
One new trend, however, won't gladden the hearts of the established Pattaya real estate agencies, however, that of the recent setting up of real estate agencies by authentic Russians, many of whom have direct links with the lucrative CIS tourist group market. Uriy Segal, the Russian president of Russian House, a newly set-up Pattaya property agency, stated "I think this year (2008), Russians will account for 40 per cent of property sales in Pattaya." Segal also commented that compared to Moscow, property prices in Pattaya are a bargain.
Although there is a growing trend for Russians to open their own real estate agencies, their local Western brethren can still count on substantial Russian custom, however, as can be vouched for by the likes of Raimon Land, CB Richard Ellis and Siam Best Enterprises.' ultra prestigious, Ocean 1 Tower. Russians, apparently, love to boast of their purchases back home and ownership in Siam Best Enterprises.' ultra prestigious, Ocean 1 Tower, as SE Asia's potentially tallest building comes top of the list.
For most Pattaya real estate agencies however, the Scandinavian local investor market is much less lucrative. Although there is a prediction by Colliers International of a huge incipient surge from Nordic RSH (retired and second home) investors, with Pattaya investments estimated at Bt1550 billion (2008-9), local real estate agents can expect to see little of this as the Swedish and Norwegian market in Pattaya is effectively sewn by up savvy Scandinavian developers who often sell Pattaya properties to their compatriots even before they come to what is now termed the Asian Riviera or mini-Bangkok, i.e. Pattaya.
-- Pattaya Daily News 2008-06-06
how kan some one compare that dump to the French Riviera ! he should do some travelling before writing things like that.
#10
Posted 2008-06-07 03:02
Thailand’s biggest international real estate provider, CB Richard Ellis, has reported soaring interest in holiday home investment, which it attributes to booming tourism and an increase in flight links.
In Phuket, the firm reports a 32 per cent increase in transactions from the third to last quarter of 2007, with a 59 per cent increase in their value, based on the latest statistics from the Land Department. While villas prices doubled from 2000 to 2006, CBRE said: “Phuket remains globally competitive. Prices and interest remain solid.”
Market enthusiasm is attributed to growing tourism, with tourist arrivals to Phuket exceeding 5 million last year, complimented by a robust 22.5 per cent increase in visitors to Thailand. These included many from new tourism sources, such as Russia, the UAE, Switzerland and eastern European countries. “As a result, there is a broader global customer base for high-end villas. Previously, most customers were expatriates from Hong Kong and Singapore. Now we are seeing a rise in demand from NRIs, Russians and Eastern Europeans,” said CBRE.
Airlines have responded to demand, most notably with new connections from regional budget carriers. From Singapore, budget airline Tiger Airways is supporting Silk Air connections. Air Asia has introduced new flights from Kuala Lumpur, and introduces daily flights between Macau and Phuket in May 2008.
Dragon Air is meanwhile upgrading its Phuket-Hong Kong route in peak seasons with larger aircraft and 90 international chartered flights in the last high season from October 2007 to March 2008, which represented a 150 per cent increase from last year. With new flight links, investors are also looking for opportunities beyond Phuket to areas such as Phang Nga, Krabi and outlying islands in the Andaman Sea, said the realtor.
http://www.property-report.com/aprarchives...amp;date=260508
#11
Posted 2008-06-07 03:16
george, on 2008-06-06 20:24:24, said:
BANGKOK: -- The Thai Government is currently taking steps to reassure foreign investors, one of Thailand's biggest money earners, that the present wave of political protests is a short term affair and isn't indicative of long-term instability.
Apparently, Foreign Minister Noppadon Pattama thought it necessary to reassure the British business community, in particular via the UK's Foreign Minister, David Miliband, that all was essentially well in the Land of Smiles and what discontent there was was merely a symptom of the democratic process.
Everybody here understands that street protests are normal in any democratic country and they don't have to hurt government stability," Noppadon said in a press briefing in London on June 3, 2008.
Mr. Noppadon's attempt to reassure both foreign investors and potential tourists was apparently in response to a recent report that Asian tourists in particular are shying away from Thailand because of the political protests, Malaysia and Indonesia, apparently issuing travel warnings to their citizens contemplating Thai holidays. Highly respected Thai commentator, Prawase Wasi, also warned that the Thai poltico-economic conflicts were discouraging investment and tourism and proposed the establishment of a national government as a solution.
All this popular mass protest recently witnessed in the streets of Bangkok, doesn't seem to have radically affected Russian and Scandinavian investors, particularly in Pattaya, however. In 2007, 889,656 Russians visited Pattaya, up 84 per cent from 2006, making them the leading market for the resort. According to Raimon Land's CEO, Nigel Cornick's recent edition of the definitive property guide "Why invest...... Pattaya", the Russians and Scandinavians have now displaced the Brits and Germans as the main property investors in Pattaya, which is particularly good news for developers in this fair city. And although the Russians have been coming here for the past 10 years, it's only in the past two that they have started to buy up Pattaya properties. Last year, according to Raimon Land, Russian property purchases accounted for 22 per cent, (USD 7.7 million) of condominium sales in their upmarket developments Northshore, The Lofts, Southshore and Northpoint.
The Russians, however, not exactly being super-linguists as any Pattaya-Jomtien baht-bus passenger can readily attest, do tend to place their trust in their own language speakers, which is why recently so many Pattaya Real estate agents have begun to recruit Russian speakers, as a glimpse at the classified Jobs Offered sections of the local media will confirm. Although some longer term Russian Pattaya residents have begun placing their children in the local international schools where learning English is far cheaper than back in Russia.
One new trend, however, won't gladden the hearts of the established Pattaya real estate agencies, however, that of the recent setting up of real estate agencies by authentic Russians, many of whom have direct links with the lucrative CIS tourist group market. Uriy Segal, the Russian president of Russian House, a newly set-up Pattaya property agency, stated "I think this year (2008), Russians will account for 40 per cent of property sales in Pattaya." Segal also commented that compared to Moscow, property prices in Pattaya are a bargain.
Although there is a growing trend for Russians to open their own real estate agencies, their local Western brethren can still count on substantial Russian custom, however, as can be vouched for by the likes of Raimon Land, CB Richard Ellis and Siam Best Enterprises.' ultra prestigious, Ocean 1 Tower. Russians, apparently, love to boast of their purchases back home and ownership in Siam Best Enterprises.' ultra prestigious, Ocean 1 Tower, as SE Asia's potentially tallest building comes top of the list.
For most Pattaya real estate agencies however, the Scandinavian local investor market is much less lucrative. Although there is a prediction by Colliers International of a huge incipient surge from Nordic RSH (retired and second home) investors, with Pattaya investments estimated at Bt1550 billion (2008-9), local real estate agents can expect to see little of this as the Swedish and Norwegian market in Pattaya is effectively sewn by up savvy Scandinavian developers who often sell Pattaya properties to their compatriots even before they come to what is now termed the Asian Riviera or mini-Bangkok, i.e. Pattaya.
-- Pattaya Daily News 2008-06-06
I just spent the past week in Pattaya. I couldn't wait to leave. Nothing but lurking looks at me and my steady university educated girlfriend. I wouldn't buy anything there. The infrastructure and environment is nothing worth investing in, nothing but sex tourists and protitutes. If you think there is more than that, you need your head examined. I would'nt gamble my money on Pattaya. There are many more places in Thailand to enjoy. Investing in real estate in another country is not an investment. Only spend as much as you are willing to lose.
#12
Posted 2008-06-07 06:02
#13
Posted 2008-06-07 06:18
I can't believe they expect people to take them seriously
#14
Posted 2008-06-07 07:11
bombdefuzer, on 2008-06-07 04:16:55, said:
george, on 2008-06-06 20:24:24, said:
BANGKOK: -- The Thai Government is currently taking steps to reassure foreign investors, one of Thailand's biggest money earners, that the present wave of political protests is a short term affair and isn't indicative of long-term instability.
Apparently, Foreign Minister Noppadon Pattama thought it necessary to reassure the British business community, in particular via the UK's Foreign Minister, David Miliband, that all was essentially well in the Land of Smiles and what discontent there was was merely a symptom of the democratic process.
Everybody here understands that street protests are normal in any democratic country and they don't have to hurt government stability," Noppadon said in a press briefing in London on June 3, 2008.
Mr. Noppadon's attempt to reassure both foreign investors and potential tourists was apparently in response to a recent report that Asian tourists in particular are shying away from Thailand because of the political protests, Malaysia and Indonesia, apparently issuing travel warnings to their citizens contemplating Thai holidays. Highly respected Thai commentator, Prawase Wasi, also warned that the Thai poltico-economic conflicts were discouraging investment and tourism and proposed the establishment of a national government as a solution.
All this popular mass protest recently witnessed in the streets of Bangkok, doesn't seem to have radically affected Russian and Scandinavian investors, particularly in Pattaya, however. In 2007, 889,656 Russians visited Pattaya, up 84 per cent from 2006, making them the leading market for the resort. According to Raimon Land's CEO, Nigel Cornick's recent edition of the definitive property guide "Why invest...... Pattaya", the Russians and Scandinavians have now displaced the Brits and Germans as the main property investors in Pattaya, which is particularly good news for developers in this fair city. And although the Russians have been coming here for the past 10 years, it's only in the past two that they have started to buy up Pattaya properties. Last year, according to Raimon Land, Russian property purchases accounted for 22 per cent, (USD 7.7 million) of condominium sales in their upmarket developments Northshore, The Lofts, Southshore and Northpoint.
The Russians, however, not exactly being super-linguists as any Pattaya-Jomtien baht-bus passenger can readily attest, do tend to place their trust in their own language speakers, which is why recently so many Pattaya Real estate agents have begun to recruit Russian speakers, as a glimpse at the classified Jobs Offered sections of the local media will confirm. Although some longer term Russian Pattaya residents have begun placing their children in the local international schools where learning English is far cheaper than back in Russia.
One new trend, however, won't gladden the hearts of the established Pattaya real estate agencies, however, that of the recent setting up of real estate agencies by authentic Russians, many of whom have direct links with the lucrative CIS tourist group market. Uriy Segal, the Russian president of Russian House, a newly set-up Pattaya property agency, stated "I think this year (2008), Russians will account for 40 per cent of property sales in Pattaya." Segal also commented that compared to Moscow, property prices in Pattaya are a bargain.
Although there is a growing trend for Russians to open their own real estate agencies, their local Western brethren can still count on substantial Russian custom, however, as can be vouched for by the likes of Raimon Land, CB Richard Ellis and Siam Best Enterprises.' ultra prestigious, Ocean 1 Tower. Russians, apparently, love to boast of their purchases back home and ownership in Siam Best Enterprises.' ultra prestigious, Ocean 1 Tower, as SE Asia's potentially tallest building comes top of the list.
For most Pattaya real estate agencies however, the Scandinavian local investor market is much less lucrative. Although there is a prediction by Colliers International of a huge incipient surge from Nordic RSH (retired and second home) investors, with Pattaya investments estimated at Bt1550 billion (2008-9), local real estate agents can expect to see little of this as the Swedish and Norwegian market in Pattaya is effectively sewn by up savvy Scandinavian developers who often sell Pattaya properties to their compatriots even before they come to what is now termed the Asian Riviera or mini-Bangkok, i.e. Pattaya.
-- Pattaya Daily News 2008-06-06
I just spent the past week in Pattaya. I couldn't wait to leave. Nothing but lurking looks at me and my steady university educated girlfriend. I wouldn't buy anything there. The infrastructure and environment is nothing worth investing in, nothing but sex tourists and protitutes. If you think there is more than that, you need your head examined. I would'nt gamble my money on Pattaya. There are many more places in Thailand to enjoy. Investing in real estate in another country is not an investment. Only spend as much as you are willing to lose.
I tell you ....I like Pattaya. I take my wife and 3 kids and stay overnight at a good but not expenses hotel. I play golf while she minds the kids, shops and relaxes by the pool. The children love the various activities. Last time it was jet ski races. At night we see friends who live there and have a nice dinner maybe see a show. Then we all head back to BKK only 2 hrs away. It is all well and good.
....except for a bit a traffic
#15
Posted 2008-06-07 07:19
and a 2 story 3 bed house's no pool were selling from 4 1/2 mill up some cheaper,but not good for a resale later.
i stopped the sale before deposit,and am now glad i did,my norwegien neighbor has 4 house's and he has them constantly rented.
the thais are buying,and the russians are both renting and buying,i use to check the condos out but not lately so i car'nt comment on them.but the house's i've found are on the up, if you have not got on your bike or car to look around and only listen to others,you are not doing yourself, or others a favor,like anything else you have to do your homework.
cat
#16
Posted 2008-06-07 09:33
[/quote]
Lived in Pattaya for the last 10 years and wouldn't live anywhere else. There are other things to do besides going and checking out the sex tourists and prostitutes while your here you know!
#17
Posted 2008-06-07 10:00
#18
Posted 2008-06-07 10:03
#19
Posted 2008-06-07 10:20
#20
Posted 2008-06-07 10:55
#21
Posted 2008-06-07 11:30
I was under the impression that the Thai government itself was trying to discourage foreign investment by increasing fees for
foreign owned companies, tighter Visa and work permit laws. Seems that I was wrong and maybe its just bad policy!
#22
Posted 2008-06-07 11:34
Cuban, on 2008-06-07 10:20:01, said:
I do believe they have special buses running just for these services.
#23
Posted 2008-06-07 11:38
Funny how people come here and don't listen ... Funny how people come here and think they will change things ... Funny how people are so gullible !
#24
Posted 2008-06-07 11:48
When I first moved in (20 years ago) the estate was occupied by middle-class Thais (army, navy, bank managers, gold shop owners, school teachers etc) and me (the only farang). Now I'm the only original occupier left. All the others sold and left. The new occupiers of those houses are low-class farang with their even lower-class girl-friends (ex-bar-whores).
Perhaps it too is time for me too leave..................
#25
Posted 2008-06-07 12:11
KKK, on 2008-06-07 11:48:42, said:
When I first moved in (20 years ago) the estate was occupied by middle-class Thais (army, navy, bank managers, gold shop owners, school teachers etc) and me (the only farang). Now I'm the only original occupier left. All the others sold and left. The new occupiers of those houses are low-class farang with their even lower-class girl-friends (ex-bar-whores).
Perhaps it too is time for me too leave..................
Yes this seems to be normal
If I walk around our estate I have to carry a stick to protect myself from mad stray dogs.
It also seems people are turning the roads into there garden as they have no garden left.

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