New Condominiums in Thailand – Entrepreneurship Life – Entrepreneur

Thailand is an ideal place when choosing a permanent place of life. Warm climate, delicious Thai cuisine, sandy beaches, and affordable prices. All this attracts tourists and people who want to find a cozy and heavenly place for permanent residence.

And when deciding to move, the only question arises: Phuket or Pattaya? Rather, there will be many questions ahead, but the first one is which of the resort cities to choose for yourself.

In Pattaya, they mainly buy condominiums because they are all located within the city, with good infrastructure, and are not far from the sea. In Phuket, there is no clear city center, but several main areas have their own infrastructure. Therefore, villas near the centers in these areas are more popular.

Flats in Phuket and Bangkok are in great demand among foreigners. Investors interested in investing in real estate in Thailand monitor the market whenever they consider any new offer with interest. So it is now: the attention of home buyers in Thailand is riveted to a new announcement from AP Thailand.

AP to Launch 5 Condominium Projects

Creator AP Thailand plans to build 5 apartment buildings with a launched price of 13 billion baht in 2023. The desire to release such a large portfolio of new projects is based on a significant increase in pre-sales in the Bangkok condominium market in the first quarter of this year.

The head of the condominium business company declares Bangkok’s apartment market has shown positive results, with AP reporting pre-sales of 1.08 billion up 250% from last year.

A spokesman for the company says mass-market condominiums priced at 2-3 million baht per crew are in an increased market. To evade being rejected for mortgage lending, the company will also operate with economic partners to support clients in getting pre-approved mortgages.

The 5 new titles planned by AP this year are 61% more than what was released last year. 3 of them result from collaborations with the Japanese creator Mitsubishi Estate Group. The entire sales value is launched at 10.4 billion baht.

In the first half of 2022, AP planed to introduce 3 new condominiums in areas where strong interest is expected, including Sukhumvit Rama IV, and Pin Klao Arun Amarin, with prices starting at 2 million baht.

Phuket Real Estate: Statistical Data

The real estate market in Thailand is predicted to remain less competitive than before the pandemic. According to the Property Information Centre, the number of unique condominium units built in Phuket in 2021 and 2020 was 21,463 and 29,773 units, especially down from 54,769 units in 2019 and 77,289 units, respectively, in 2018.

Where is the Best Place to Buy a Home?

The real estate market is developing. A wide range of new projects is implemented every year. Many areas provide a wide range of apartments and villas. You can buy houses in a closed complex or a separate plot for construction.

You can consider inexpensive housing in Pattaya. There is a large selection of apartments. The demand for real estate is high, as high-rise construction is allowed and affordable prices. Foreigners acquire housing both for life and for recreation.

Many citizens choose Phuket to move to permanent residence:

  • stunning nature;
  • mountains;
  • beaches with white sand captivate the eye;
  • it has an international airport that receives flights from many countries.

Get help in Choosing a Foreign Real Estate

Thailand-Real.Estate is an extensive catalog of offers from developers and real estate agencies. The site offers up-to-date options for the sale of apartments and villas with prices in rubles, euros, and dollars. With the help of a modern aggregator, it will be easy to find and buy housing for moving to permanent residence, investment or business. Thousands of citizens of Russia, Ukraine, Belarus, Kazakhstan, and Uzbekistan are already using the site to select real estate in Phuket, Bangkok, Pattaya, and other popular cities of the country.

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