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Прогресс строительства проекта Samui Waterworld от New Nordic - 20 Сентября 2019. Краткий фото отчет прогресса строительства проекта Samui Waterworld от New Nordic - 20 Сентября 2019.
20.09.2019
Photo report of construction progress of Samui Waterworld project by New Nordic - 20 September 2019.
Прогресс строительства проекта Lamai Resorts от New Nordic - 19 Сентября 2019. Краткий фото отчет прогресса строительства проекта Lamai Resorts от New Nordic - 19 Сентября 2019.
19.09.2019
Photo report of construction progress of Lamai Resorts project by New Nordic - 19 September 2019.
Прогресс строительства проекта Phuket Waterworld от New Nordic - 19 Сентябряя 2019. Краткий фото отчет прогресса строительства проекта Phuket Waterworld от New Nordic - 19 Сентября 2019.
19.09.2019
Photo report of construction progress of Phuket Waterworld project by New Nordic - 19 September 2019.

Buy condo in Pattaya

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Overall we can separate all property requests into few categories:

  • Buy condo in Pattaya for the permanent living.
  • Buy condo in Pattaya for the holiday or few month living
  • Buy condo in Pattaya as investment
  • Buy condo in Pattaya at beachfront

Buy condo in Pattaya for the permanent living 

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Not the most frequent request 5-6 years, but time flows, nobody gets younger, and prospect of spending retirement in a warm country, with no cold season, becomes more and more attractive. Of course, everyone use their own preferences and personal experience when choose the property.

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What would we recommend to pay attention at

  • Facilities nearby the condominium
    • Quite important thing to keep in mind when choosing the condo for the permanent living. How far condo is located to the nearest store? How far to the nearest mall?
    • Of course sooner or later you’ll buy your own vehicle. But there’s big difference between 15 minutes drive with few turns and to spend an hour in a traffic jam.

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  • Facilities inside condominium
    • Is there a swimming pool in the condo? How about a laundry? Minimart with drinking water and toilet paper? Not all these little things will make your life much easier but you surely wish they were in your condo each time you have to go out to buy the water, while sun heats hard.
    • How many people are residing in condo permanently, and how many rooms are rented out.
    • It’s directly related with how quiet and tranquil it will be at the poolside or in the evenings during the high season. At the same time, it is noticed that condominium with large amount of co-owners living there permanently are maintained better.

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  • Common fees cost. (Maintenance)
    • Yearly payments collected from the co-owners for the condo operational expenses. Paid one time a year. This should be paid into the account. The rate is different and depends on the condo type and its facilities, but the average rate in Pattaya is 30-75 Baht per sq.m. per month.
  • Management company.
    • These are the people who can make your residency hassle-free and tranquil, or way more difficult with negligence.

Projects we recommend to pay attention at:

Buy condo in Pattaya for the holiday or few month living

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Probably one of the most frequent requests. It’s quite common case when people buy condo, spend holidays or few months there regularly, and then live there permanently or rent it out. In this case, you should find a compromise. It does not mean that the place you like and you feel comfortable with will be rented out well. There are few reasons for that. The main one is difference between living in condo and spending holiday there. Therefore, you should choose first what’s most important for you: to have a comfortable place to live yourself or additional profit source. Are there any compromises? Yes, but they are rather “additional source of profit” options. You can shift your own holiday plans and come to Pattaya anytime during the low season. It makes renting out process much easier, since apartments will work out their most rental potential during the high season.

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I would recommend to pay attention at the following:

Buy condo in Pattaya as investment

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The idea behind investments in Pattaya condo is quite simple. There are 5-6 projects that have huge demand on the Pattaya rental market, such as:

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By buying condo in any of them, you can get 5-7% annual returns in average. The calculations are quite simple: the purchase price of standard one bedroom unit in such projects is around 2.2 mln. Baht. The average rental price varies from 15,000 to 25,000 Baht per month, depending from the rental term and rental period. After deducting the maintenance expenses and agent commission, you will get around 10,000 or 12,000 Baht in average. Which brings us to 6,5% annual returns. On the other hand, you can invest in hotel complex, with guaranteed 10% annual returns. (More information here). After deducting the maintenance expenses, you will get 9.4% annual returns. 

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Let me give you few advices about the interior details, if you are going to rent out your condo:

  • There is no need in expensive decorations such as vases, drawings or Chinese cutlery.
  • Everything you buy for the condo, must be bought from the big local mall.
  • Bedding and towels are disposable items.
  • There must be an internet in the room. The speed does not really matter.
  • Safety box is important as TV in the condo. Good safety box should be able to store 15” laptop inside it.
  • Do not leave any valuable things or the things you like inside the renting-out condo.

Another request we will overview here is condo in Pattaya with sea view

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What can be better than romantic view of the sunset over the sea, but keep in mind few details:

  • Your condo is rather situated 200 meters from the beach line, or sooner or later you might lose the beautiful views that were the main reason for the particular unit purchase. There’s no law in Thailand which protects such a thing like “sea view”.  However, there is a law that prohibits construction of high-rise projects within 200 meters form the beachfront. Everything else is at the discretion of the developer company.
  • It might sounds strange but front sea view can be quite boring. Especially after the sunset. A black blanket with few green lights of fishing boats. Doesn’t seem like so great view.
  • Any solution? To buy condo with partial city view. The city view at the nighttime is absolutely amazing. 

Do not forget that sea view is not cheap. Notable projects: