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How to Invest in Pattaya

 

During times like these, where we are in the aftermath of the world’s financial crisis and the Bangkok political problems the investors on the ground here in Pattaya know it is time to buy!
 
There is a variety of good investment possibilities available in Pattaya and throughout the Eastern Seaboard and all one needs to do is do a little research.
 

1.Purchasing pre-construction from developers with ‘proven track records’.

Pattaya Condoadvantages

Investing in a new development project such as Laguna Beach Resort Jomtien can be very profitable. Laguna Beach Resort Jomtien is the newest development of heights Holdings. The location is just superb as it is just of the new Jomtien Second Road and a 900 meters walk to the beach in front of Soi 8 Jomtien Beach Road. The project is a true oasis with a huge tropical pool with waterslides, whirl pools, wave machine, gym, white sand beach, pool bars and many more. In one month already 130 units have been sold and the sales continue every day. Prices start from 827,000 THB. When you buy condominium units during the pre-construction and construction stages, even from a ‘major’ developer like Vista Developers and Heights Holding, you will have the opportunity to purchase them at very competitive prices.

 

disadvantages

When purchasing pre-construction you must do your research so as to be very sure of the developer. There have been developers in Bangkok and the Eastern Seaboard in the past that have not completed their projects on time…..choose your Real Estate Broker very careful and you will end up with a great deal!

 

2. New developments under construction or just completed.

 advantages

The advantages is that you will not have to wait a long time to sell or rent out your property. In other words, your investment return is much quicker then in the first category. The second advantage is that you can be much more confident that the project will be completed. In addition, you will also know exactly what the quality is of the materials used and the caliber of finishing work.

 

disadvantages

You will pay for the convenience of security with a less profitable investment return as is found in the purchase of units during pre-construction.


 

3. Owners who need to sell their properties.

advantages

At this time the real estate market has some very attractive investment options with many in Pattaya declaring a ‘buyers market’. This is due to the impact of the financial crisis, which has been compounded by the low season. These two ingredients have brought to light a good number of property owners lowering their selling prices and we have also seen a good deal of ‘owner financing’. Terms and conditions always enter the arena during markets such as we are now seeing here on the Eastern Seaboard.

 

disadvantages

These types of ‘deals’ tend to come up unexpectedly and usually sell pretty quickly as well. You must have quick and available cash to be able to take advantage of these types of property sales……and the ability to make that decision. Remember…..be prepared for opportunity!

 

4. Purchasing a home with a tenant and rental contract.

advantages

If you are the kind of investor that is looking for a real estate investment that will provide you with a reasonable and steady income right from the start, this is your kind of investment. The prices for detached houses compared to condos are much lower but the rent you get is the same.

 

disadvantages

One particularly important issue here is ‘knowing’ who is currently renting the property (pays rent on time, clean and neat, low maintenance to the premises, etc.) before you complete the purchase.

  

5.Purchasing land in areas which will be ‘positive growth’ areas in the future. (long term investments).

advantages

This category is a bit more insecure then buying land in an area where your money is not ‘tied up’ for a longer time but at the same time you can make a lot more than with short term investments. Some very good examples would be as in plots in the Bangsaray area, Phoenix Golf Course and the Silverlake Vineyards/Buddha Mountain area.

 
 

disadvantages

You ‘must’ be ready, if necessary, to wait the necessary amount of time to realize your investment. People that have made long term property investments only to find they ‘have to’ sell early for some reason are sure to lose money.

 

6. Purchasing land as short term investments in up and coming areas of ‘positive growth’.

advantages

There are a number of areas which already show good ‘short term’ investment possibilities. Examples are Naklua, Pratamnak Hill, Wongamat, Na-Jomtien and Soi Chaiyapruk, etc. Both commercial and residential plots of land in these areas have been going up steadily in price the last several years and will most likely keep on doing so in the coming years.

 

disadvantages

Make sure you know all the necessary information concerning building codes, zoning rights, utilities available, etc. The best plot of land in the best ‘positive growth’ area without any of the basic and necessary building codes, zoning rights and/or utilities available could make or break your investment returns.