beginner

A friend has 1,000,000 baht on bank deposit here in LOS earning a very low rate of interest but appreciating against his Euro currency.

He asks if there is a better home for it.

The cash is not needed for anything in particular and instant access is not required.

Has anyone any creative low risk suggestions as to what to do with it?

Raimon Land are promoting 14 units in Northpoint, Pattaya at 26% off listed price and 13% off 15 units in the River, Bangkok.
They also have a display advertisement in the Bangkok Post (p16) today offering Northpoint units at 4.5 million baht.

Is this the start of a general price adjustment for condos aimed at farangs?  Most observers of the Pattaya market have been expecting the apparent huge oversupply and frantic promotion of speculative new buildings by developers to eventually lead to a price crash.
Reliable sales statistics are not published here so most knowledge is anecdotal or provided by people with a vested interest. Consequently the pessimists or perhaps buyers claim that very that few condos are actually selling unless they are 'realistically' priced. ie half price or 50 cents on the dollar
The optimists or perhaps sellers claim that all is well in a slow market. Prices are holding up well and anyway exchange rate fluctuations mean that farang sellers can break even if repatriating cash at lower than original purchase prices.

Is the Pattaya condo market about to follow the stagnant house market where hardly anything is selling? Will the new type of tourist from India and Iran and Asia replace the missing farang buyers?

What do our experts think about all this?