Pattaya City Hall has set targets for the city’s expansion and to be a major tourism hub in the eastern zone of Thailand. Major government investments have underpinned these growth targets and has given optimism to the real estate, retail and tourist segments. The goal set is to be the number one tourist destination in Thailand and to be a part of the integration of the ASEAN Economic Community. The areas of Sattahip and Na Jomtien will be two of the biggest recipients of this integration. Na Jomtien is becoming a magnet for new tourist attractions such as Cartoon Network Amazone and existing popular visitors destinations of Sriracha Tiger Zoo, The Million Years Stone Park and Pattaya Crocodile farm are proving to be as bigger draw as ever to visitors. Three of the major state investments in the Pattaya area are:
The plans to expand Sattahip into a commercial port and yacht marina will open up the eastern seaboard to connect travel routes between the eastern and western sides of the Gulf of Thailand. This will reduce leisure travel times and freight transport to up to two hours, due to the new ferry service from Pattaya to Hua Hin.
To support the economic development in the Eastern Economic Corridor (EEC) for both tourism and business flights, the growth of U-Tapao airport is key. Major flight operators such as Airasia and Bangkok Air are now offering scheduled flights from Pattaya’s local airport, which will also be a centre for aircraft maintenance. The target is to grow passenger numbers from 700,000 in 2016 to 1.2 million in 2017.
The Eastern Economic Corridor comprises of three regions, Chonburi, Chachoengsao and Rayong. A total of 10 different industries are targeted for evolution and growth. The many developments listed above will enhance the prospects of the advancement of Pattaya’s economy for the long term, and the growth of Pattaya and the added amenities and attractions which are pouring into the city and the surrounding area make Pattaya once again a sound place for investment. A solid investment policy includes getting in at the right time, and at the current moment the Pattaya Condo market is a “Buyers Market”. This means that if you invest now, large discounts can be bargained for and special deals are available. Special offers at the moment in the Pattaya Real Estate market are including guaranteed return on investments, luxury furniture and added features included in the price. Developers such as the Global Top Group, are part of this real estate revolution and the growth of Pattaya. The sound advice is to act now, contact us today and see what great offers are currently on the table.