Property Insights

Construction of U-Tapao Rayong-Pattaya International Airport's second runway will begin this year, with a 36-month completion target. This project, part of Thailand’s Eastern Economic Corridor (EEC) development, is funded through a loan from the Asian Infrastructure Investment Bank (AIIB). Italian-Thai Development (ITD), in partnership with the Royal Thai Navy, has been awarded the contract. The 3,505-meter runway will be 1,140 meters from the current one, increasing the airport’s capacity to 70 flights per hour, including wide-body aircraft, with a total investment of 15.2 billion baht. However, potential delays in the high-speed rail line connecting Don Mueang, Suvarnabhumi, and U-Tapao airports remain a concern. The tunnel for the rail line, integral to the runway project, must be completed within 18 months. If delayed, the EEC may transfer tunnel responsibility to the State Railway of Thailand (SRT) to avoid impacting the runway schedule. U-Tapao International Aviation is also planning a large-scale development across 6,500 rai, with an estimated 100 billion baht investment in the first phase. Completion is expected within five years.

Why Buy in Pattaya? - A Thriving Real Estate Market

Navigating the Pattaya rental market can be complex, and renters may encounter unforeseen challenges. In this video interview, Trevor discusses potential pitfalls with Martin from Cornerstone Real Estate, emphasizing the risks of renting directly from owners. Martin advises renters to conduct thorough research, understand local market dynamics, and be wary of unclear contracts, hidden fees, or subpar properties. Many have reported negative experiences when renting without professional guidance. By working with a reputable real estate agent, renters can avoid common mistakes and ensure a smoother experience in the Pattaya rental market.

New Condo Rentals Available Now!

Discover The Empire Tower Pattaya: A Premier Investment or Luxurious Retreat The Empire Tower Pattaya, completed in 2023, stands as an exceptional opportunity for both astute investors and those seeking an upscale lifestyle. This sleek, 24-story tower, developed by the esteemed Matrix Group (marking their 14th project in just 15 years!), is ideally located a mere 800 meters from the pristine sands of Jomtien Beach.

High-Demand Foreign Ownership Condos in Pattaya City

In a significant development, the Eastern Economic Corridor of Thailand (EECO) has given the green light for a feeder electric train project that will seamlessly connect with the high-speed rail link connecting the capital's airports to U-Tapao Airport. This approval follows a public hearing organized by the EECO in Ban Chang district, which included local administration representatives and focused on the development of a feeder transport system for the high-speed railway.

What to Look Out for When Agreeing to a Long-Term Rental Contract in Pattaya City, Thailand

Unlocking Lucrative Returns: Investing in Pattaya Real Estate with Cornerstone Real Estate Pattaya