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Pattaya’s Property Market Set for Exponential Growth Amid Rising Demand

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Surge in Condominium Developments in Pattaya and EEC

Experts predict significant growth in the property market in Pattaya and the Eastern Economic Corridor (EEC), driven by increasing demand for beachside condominiums and the relocation of Chinese production bases. Phattarachai Taweewong, director of research and communication at Colliers Thailand, announced that 20 new condominium projects worth 43.28 billion baht have been launched in Chonburi province.

Condominium Projects Concentrated in Key Areas

Out of these projects, 13 are located in Jomtien Beach, offering a total of 7,897 units, while seven projects with 2,540 units are situated outside Pattaya. Most of these developments are spearheaded by prominent Bangkok-based property developers such as Origin Property, Riviera Group, Sansiri, and AssetWise. This influx has pushed the condominium supply in Pattaya to a five-year high, indicating a robust market poised for further expansion.

Phattarachai revealed that from 2011 to 2024, a total of 116,075 condominium units have been made available for sale. Notably, 39.66% of these units are located in Jomtien Beach, followed by Phra Tamnak Mountain (18.82%) and central Pattaya (18.70%). Currently, 36,471 units, or 76.29%, have been sold, leaving only 11,329 units on the market.

Luxury Condominiums Attracting Buyers

Luxury condominiums remain highly sought after in Pattaya, particularly in areas like Wong Amat and Jomtien, where available supply is limited. Phattarachai anticipates continued growth in the condominium market next year with new projects planned for central Pattaya, Jomtien, Na Jomtien, and Wong Amat.

Positive Sentiment from EEC Development

Sombat Chanyuttakorn, managing director of LPN Development, highlighted that numerous property projects have emerged in the EEC over the past five years. The buyer demographic includes both investors and employees from industrial estates earning between 20,000-50,000 baht monthly.

Impact of Chinese Entrepreneurs on Rental Markets

The relocation of Chinese entrepreneurs to Amata City Chonburi Industrial Estate has positively influenced the property market. Chanyuttakorn noted that rental rates for apartments and serviced apartments have surged by 80-90%, indicating strong demand for accommodation in the area.

Bright Future for Pattaya’s Real Estate Market

The combination of ongoing infrastructure development under the EEC initiative and rising foreign investment positions Pattaya’s real estate market for substantial growth. As demand continues to rise for condominiums near the beach and other desirable locations, investors are likely to find lucrative opportunities in this vibrant market. With strategic developments planned for 2025 and beyond, Pattaya is set to become a key player in Thailand’s property landscape.

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Heavy Rain and Runoff Cause Damage on Koh Phangan

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Severe Weather Hits Koh Phangan and Surrounding Areas

On December 28, 2024, heavy rain and runoff affected several districts in Surat Thani province, particularly the tourist island of Koh Phangan. The intense rainfall triggered significant flooding, leading to the dramatic incident of a pickup truck being swept into the sea at Thong Nai Phan.

Pickup Truck Swept Away by Floodwaters

The pickup truck, owned by hotel employee Atsawin Busaba, was carried away by surging runoff from nearby hills. The vehicle became stuck at the mouth of a canal before being swept into the ocean. Fortunately, no one was inside the truck at the time. Atsawin reported witnessing the event but was unable to intervene as the current was too strong.

Viral Video Captures the Incident

A video of the pickup truck being swept away quickly went viral on social media, capturing the attention of many. Witnesses reported seeing other items, including a refrigerator and household goods, carried away by the powerful currents. Despite the chaos, onlookers refrained from attempting to help due to the dangerous conditions.

Flooding Affects Local Infrastructure

The flooding also impacted local infrastructure, with Ban Thong Nai Phan School inundated with approximately 30 centimeters of water in one building and its canteen. Fortunately, the school was closed for New Year holidays, preventing any disruption to classes. Additionally, floodwaters surrounded government offices, including the Koh Phangan district office and police station.

Ongoing Flooding Concerns in Surat Thani

As floodwaters continued to rise on main roads in front of various establishments, officials began assessing the damage once the rain subsided in the afternoon. Residents affected by flooding were advised to report to local authorities for assistance.

Warnings Issued for Continued Severe Weather

The Meteorological Department has issued warnings for strong winds and rain expected to persist until January 1, 2025, affecting southern provinces such as PhetchaburiSurat Thani, and Nakhon Si Thammarat. The northeastern monsoon is causing strong waves in the Gulf of Thailand, with heights reaching up to 3 meters in storm-affected areas. Small boats have been advised to remain ashore due to hazardous conditions.

Community Preparedness Amid Adverse Weather

The recent heavy rainfall and subsequent flooding on Koh Phangan highlight the importance of community preparedness during adverse weather conditions. As authorities continue to monitor and respond to the situation, residents are urged to stay vigilant and heed safety warnings.

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Nakhon Sawan Lantern Festival: The Ultimate Photo Spot This New Year

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Experience the Magic of the Nakhon Sawan Lantern Festival

The Nakhon Sawan Lantern Festival is back for its seventh edition, themed “Light Of Blessing,” hosted by the Tourism Authority of Thailand (TAT) Nakhon Sawan Office in collaboration with the Nakhon Sawan Chamber of Commerce and other agencies. This vibrant festival features stunning lantern sculptures that combine art, light, music, and beautifully landscaped gardens, making it a must-visit destination for photography enthusiasts this New Year.

Highlights of the Festival

Visitors to the festival will encounter three realms of lanterns, a lantern sculpture contest, and a Tree of Wishes. One of the main attractions is the breathtaking light and sound tunnel, which provides perfect photo opportunities for guests. The festival showcases both large and small lantern sculptures, creating a visually captivating experience that celebrates local culture and artistry.

A Growing Tradition in Pak Nam Pho District

The Nakhon Sawan Lantern Festival has become an annual highlight in the Pak Nam Pho district, gaining popularity over the years. With spectacular light shows and beautifully crafted lanterns, the festival creates a warm and inviting atmosphere. It is an experience not to be missed for art lovers and those looking to immerse themselves in the local culture of Nakhon Sawan.

Festival Details and Schedule

The festival runs from December 27, 2024, until January 1, 2025, from 5:30 PM to 10 PM at Sawan Park (Nong Somboon) in Nakhon Sawan Province. This event not only highlights the artistic talents of local communities but also promotes tourism activities year-round.

Celebrating Cultural Diversity

The festival emphasizes the cultural diversity of Thai communities with Chinese heritage. During this event, various sub-groups create unique and beautiful lantern sculptures that reflect their cultural identities. Although separate from the Chinese New Year celebrations, the festival aims to foster community development and generate income through tourism.

A Must-Visit Event This New Year

The Nakhon Sawan Lantern Festival promises to be a dazzling celebration filled with light, art, and culture. As visitors gather to enjoy this enchanting event, it serves as a reminder of Thailand’s rich traditions and community spirit. Don’t miss out on this ultimate photo spot as you welcome the New Year in style!

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Prime Minister Inspects Bangkok Bus Terminals to Ensure Traveler Safety

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PM Paetongtarn Shinawatra Visits Southern Bus Terminal

On December 28, 2024, Prime Minister Paetongtarn Shinawatra visited the Bangkok Southern Bus Terminal in Taling Chan district to ensure the safety of travelers heading to southern Thailand during the New Year holidays. The inspection aimed to assess safety standards for public vehicles and drivers, including shift changes and alcohol testing.

Commitment to Passenger Safety

In a social media post, the Prime Minister emphasized the importance of passenger safety, stating, “Today we inspected the safety standards of both public vehicles and the drivers.” She wished all Thais a safe journey home to spend time with their loved ones and urged motorists to avoid drinking and take breaks if they feel fatigued.

Previous Inspection at Northern Bus Terminal

The Prime Minister also visited the Bangkok Northern Bus Terminal, known as Mo Chit 2, on December 27. During this visit, she advised transport officials to strictly adhere to safety regulations and ensure that adequate vehicles are prepared for travelers returning to their hometowns for the holidays.

Special Holiday Announcement for New Year

To facilitate domestic travel, the government has declared December 30 as a special holiday, creating a five-day long weekend from December 28 to January 1. This initiative aims to encourage more people to travel during the festive season.

Anticipated Travel Volume During Holidays

The Transport Ministry estimates that approximately 17.37 million personal vehicles will be traveling in and out of metropolitan Bangkok during this period. Additionally, more than 17 million trips are expected on public transport, including buses, vans, trains, boats, and airplanes.

Focus on Road Safety Measures

In light of the increased travel volume, authorities are ramping up road safety campaigns to prevent accidents during the holiday season. The Prime Minister’s inspections reflect a broader commitment to ensuring that all necessary measures are in place for a safe and enjoyable New Year celebration for all travelers.

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