Category Archives: Real Estate

Why Consider Living In Pattaya And How?

A playground for adventure-seekers, a haven for clubbers, and a sin city for others – Pattaya means so many things to different people. No wonder it is considered as an exciting place for people to move to, whether long term or just for a change of view. People search for condominium or house for sale Pattaya for starters, and they will not be disappointed to see a great variety of options for a very affordable price. A foreigner can own a condominium unit as long as the entire complex is 51% Thai owned.

Pattaya, and Thailand as a whole is nestled with cheap living spaces of great quality. For people who can afford to buy luxury, it is also not hard to find a property with high-end amenities and great view, whether it is a condominium or house for sale Pattaya. Living space affordability is only a kick-off start to a long list of good things that will make expats move to Pattaya.

If you consider living in Bangkok a paradise, then there is no room for words to describe the haven that is Pattaya. This oasis is only an hour and a half drive from Bangkok. Living expenses are forty to 60 percent lower in Pattaya than in most western countries. Local food is inexpensive, electricity is affordable and the Internet is very underpriced considering how fast the Internet is around this parts of Thailand. Nightlife in the city is also ever so vibrant and is probably the main reason for some who already moved. After all, it is regarded as the naughtiest city in Thailand and you have to go there to see for yourself why.

Thai Food in Pattaya

A plate of Phad Tai with a generous serving of shrimps and egg is only 70 Thai baht. For 140 Thai baht, you can already get a more than a fulfilling plate of chicken fried rice, a huge bowl of spicy soup tom yum kung, and a watermelon shake. Thai food is mostly spicy, there is not much selection for non-spicy Thai food. But the resort city also has fast food chain like KFC, Pizza Hut and McDonald’s with prices relatively cheaper than in other countries.

Shopping in Pattaya

Whether you prefer fresh markets, or chain supermarkets, or Westernised department stores, Pattaya has a wide range of them scattered around the city. Pattaya and the entirety of Thailand are far more modernized than its neighboring countries Cambodia and Laos.

BTS Investing Big On Real Estate

BTS Group Holdings Plc, a firm that is listed by SET, is currently undergoing a restructure on its property business in order to aid a residential project that is set for five years. The development project is said to be worth 100 billion in baht. The company is also planning to expand the covered sector of its commercial property.

The company’s goal is to increase the revenue proportion when it comes to their real estate and make it 15 per cent instead of the current 10 per cent of the entire amount comes 2018.

According to the chief operating officer of the BTS, Rangsin Kritalug, the company is also grouping once more the property business once it had infiltrated the joint venture in residential development with another company Sansiri Plc or SIRI, another SET-listed company. The joint venture was signed only last year.

He added that the group will be transformed into a holding firm and will not focus mainly on direct investment. The investment in property business will be done via the subsidiaries which are now up to 30 companies all in all.

There are four different business units comprising BTS inclusing property, mass transit, services and media. All of these units are able to generate 9 per cent, 43 per cent, 13 per cent and 35 per cent of the entire revenue respectively. This is during the first quarter of 2016’s fiscal year which ended last June 30 of 2016.

The company is also planning to invest another 7.6 billion baht for the current fiscal year. Around 4.28 billion baht will be allotted for the mass transit unit while the other 2.7 billion baht will be given to the property unit.

The money for the property unit will be spent on land acquisition amounting 1.2 billion baht, residential business will have 1 billion while the 500 million will be allotted for the renovation of the Thana City Golf and Sports Club.

BTS-SITI has many projects in Thai real estate as a joint venture that is included in the firm’s property business. It will also get its recurring income from sources such as rental space for offices, golf courses and hotels.