News
Foreign Buyers Drive Demand for Property in Pattaya and Chonburi
Chonburi Surpasses Bangkok as Top Destination for Foreign Property Buyers
According to a recent survey by the Real Estate Information Center, Chonburi province has overtaken Bangkok as the leading destination for foreign property buyers in the first half of 2024. This shift is attributed to the recovery of Thailand’s tourism sector and increasing economic activity in the Eastern Economic Corridor (EEC).
Surge in Foreign Investment Boosts Real Estate Demand
Increased Interest in Condominiums
The influx of foreign buyers has significantly spurred demand for real estate, particularly condominiums. Major developers are responding to this trend by launching new projects, with an estimated 1,000 new units expected to enter the market in 2025.Surachet Kongcheep, managing director of Property DNA, noted that large-scale developments are impacting land prices, especially in prime beachfront locations. “Some beach plots are now being advertised for as much as 1 million baht per square wah (approximately 4 square meters),” he said, indicating a range of prices from 200,000 to 500,000 baht per square wah depending on location.
Pattaya’s Thriving Tourism Sector
Recovery from Previous Market Slowdown
Despite a prior slowdown in the Pattaya condominium market, the city’s tourism sector is now flourishing. Hotel occupancy rates exceeded 78% in the third quarter of 2024, with projections for growth of 3-5% year-on-year.”Over 10,000 new units have been launched annually over the past decade, but many remain unsold. To address this challenge, developers are shifting their focus to domestic buyers and diversifying their target markets,” Kongcheep explained.
New Luxury Developments Cater to High-End Buyers
Notable Projects Targeting Foreign Investment
To capitalize on growing demand, developers like Sansiri are launching luxury condominium projects in prime locations. The “LIT Residence” project on Pattaya’s beachfront is priced at over 250,000 baht per square meter.Similarly, Kromchet Wipanpong, CEO of AssetWise, is entering the market with the Aquarus Jomtien Pattaya project, priced at 150,000 baht per square meter, specifically targeting high-net-worth foreign buyers.
EEC’s Role in Driving Property Demand
Government Investments Attracting Foreign Interest
Chris Cherdsuriya, adviser to the CEO of Honor Group, emphasized that the EEC’s development is crucial for driving property demand in Chonburi. “The government’s investment in infrastructure—such as high-speed rail, airports, and ports—is attracting both domestic and foreign investment,” he stated.Honor Group’s “Once Wongamat” project features a 56-storey luxury condominium priced from 5.9 million baht to 100 million baht, targeting both domestic and foreign buyers with a balanced approach.
A Bright Future for Chonburi’s Real Estate Market
The growing interest from foreign buyers in Chonburi and Pattaya reflects a broader trend of recovery and investment in Thailand’s real estate market. With ongoing developments and an influx of tourists, these regions are poised for continued growth as attractive destinations for property investment.
News
Progress Promised by ‘Ung Ing’ on Southern Development Projects
Prime Minister’s Commitment to Southern Development
Enhancing Infrastructure and Economic Growth
Prime Minister Paetongtarn “Ung Ing” Shinawatra has pledged to accelerate development projects across the southern provinces of Thailand. This initiative aims to bolster infrastructure and stimulate economic growth in these regions, which have historically faced challenges in development and investment opportunities.
Focus on Local Needs and Community Engagement
In her recent statements, “Ung Ing” emphasized the importance of addressing local needs and engaging with communities to ensure that development projects align with their expectations. By fostering collaboration between the government and local stakeholders, the Prime Minister aims to create sustainable solutions that benefit the populace.
Strategic Vision for the South
Long-term Planning and Investment
The Prime Minister’s vision includes a comprehensive plan that not only focuses on immediate improvements but also lays the groundwork for long-term prosperity in southern Thailand. Investments in infrastructure, education, and healthcare are central to this strategy, aiming to uplift living standards and create job opportunities for residents.
Encouraging Private Sector Participation
To enhance project execution, “Ung Ing” is advocating for increased participation from the private sector. By attracting investments from businesses, the government hopes to leverage additional resources and expertise, ensuring that projects are completed efficiently and effectively.
A New Era for Southern Thailand
Commitment to Progress
With her vow to expedite development initiatives, Prime Minister “Ung Ing” is setting a transformative agenda for southern Thailand. Her approach emphasizes collaboration, investment, and community engagement, which are crucial for achieving lasting progress in the region.
News
Phuket’s Overtourism Challenge: Balancing Growth and Sustainability
Phuket’s Transformation into a Tourist Hotspot
The Shift from Paradise to Overcrowding
Phuket, once known for its serene landscapes, is now grappling with overtourism as record visitor numbers strain its infrastructure. The island’s charm has been overshadowed by the influx of tourists, who now outnumber locals by an astonishing 118 to 1. Renowned for its picturesque beaches and vibrant nightlife, Phuket faces significant challenges in maintaining its appeal while accommodating the post-pandemic surge in visitors.
The Impact of Overtourism on Infrastructure
Strains on Resources and Environment
The rapid increase in tourism has exposed the weaknesses in Phuket’s infrastructure. Roads, water supplies, and waste management systems are struggling to keep pace with demand, raising concerns about the sustainability of the island as a tourist destination. Despite the economic boost from tourism, the environmental degradation is becoming increasingly apparent, prompting urgent discussions about the future of Phuket.
Government Measures to Manage Tourist Influx
Introduction of a Tourist Fee
In an effort to address these challenges, Thailand has implemented a 300-baht tourist fee aimed at managing visitor numbers and funding necessary infrastructure improvements. This initiative reflects a growing trend among global tourist destinations facing similar issues. However, there are ongoing debates about whether such measures will be sufficient to ensure Phuket’s sustainability without compromising its attractiveness to visitors.
Exploring Untouched Areas of Phuket
Hidden Gems Amidst the Crowds
While many parts of Phuket are overwhelmed by tourists, some areas remain relatively untouched. The northern and eastern regions of the island offer quieter beaches and a more authentic Thai experience. These locales provide a stark contrast to the bustling Patong Beach, allowing visitors to experience a glimpse of Phuket’s original charm amidst the chaos.
Future Prospects for Phuket’s Tourism Industry
Balancing Growth with Environmental Responsibility
As Phuket continues to attract millions of tourists annually, questions about its capacity to sustain such growth without further environmental degradation loom large. The island generates approximately 950 tonnes of waste daily, with this figure increasing by 7% each year. Addressing these issues will be crucial for preserving Phuket’s reputation as a premier tourist destination while ensuring that it remains livable for its residents. In conclusion, Phuket stands at a crossroads where it must navigate the complexities of overtourism while striving for sustainable development. Balancing economic growth with environmental stewardship will be essential in shaping the future of this beloved island paradise.
News
Thai Children Face Alarming Obesity Rates: Third Highest in ASEAN
Overview of Childhood Obesity in Thailand
Rising Obesity Rates Among Thai Youth
Recent statistics reveal that Thailand ranks third in the ASEAN region for childhood obesity, trailing only Malaysia and Brunei. The World Obesity Federation highlights this concerning trend, which poses significant health risks for children under 14 years old. The Department of Health emphasizes the importance of addressing this issue, as childhood obesity can lead to non-communicable diseases (NCDs) later in life.
Current Statistics on Obesity
Prevalence of Obesity in Different Age Groups
The prevalence of obesity among Thai children is rising alarmingly. Data indicates:
- Ages 0-5: Obesity increased from 3.6% to 8.84%.
- Ages 6-14: The rate surged from 8.9% to 13.21%.
- Ages 15-18: A slight decrease from 13.84% to 13.46%, still exceeding the national target of 11.5%.
In total, over half a million school-aged children and adolescents are now classified as overweight or obese, with projections suggesting that one-third of these children may carry their obesity into adulthood.
Health Implications and Future Projections
Long-term Consequences of Childhood Obesity
If immediate measures are not implemented to combat this trend, the quality of life for future generations of Thai citizens will be severely impacted. By 2030, it is estimated that one-third of children globally will be obese, with significant implications for public health systems.
Government Initiatives and Recommendations
Actions to Combat Childhood Obesity
The Thai Department of Health is taking proactive steps to address childhood obesity by promoting healthier lifestyles among children. Dr. Amporn Benjapolpitak stresses the need for proper care and health monitoring during early childhood, which is crucial for brain development and overall well-being.
Nutritional Education and Parental Involvement
To combat obesity effectively, parents and schools are encouraged to foster nutritional awareness among children. This includes limiting sugary snacks and teaching children about healthy food choices. Recommendations suggest consuming sweets no more than twice a week while incorporating more fruits, vegetables, and regular physical activity into daily routines.
Importance of Addressing Childhood Obesity Now
As Thailand grapples with high rates of childhood obesity, it becomes imperative for parents, educators, and health officials to collaborate on effective strategies to promote healthier lifestyles for the nation’s youth. Immediate action can help mitigate the long-term health risks associated with obesity and ensure a healthier future for Thai children.
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