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Foreign Buyers Drive Demand for Property in Pattaya and Chonburi

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Chonburi Surpasses Bangkok as Top Destination for Foreign Property Buyers

According to a recent survey by the Real Estate Information CenterChonburi 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.

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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.

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Government Introduces Universal 1,000 Baht Allowance for Seniors

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Government’s Initiative to Support Senior Citizens

The Thai government has announced a new plan to provide a flat monthly allowance of 1,000 baht to all senior citizens. This initiative aims to enhance the financial security of elderly individuals across the nation.

Details of the Allowance Increase

The new allowance structure will replace the existing tiered system based on age. Previously, seniors received varying amounts depending on their age group. Under the revised plan, all individuals aged 60 and above will receive a uniform allowance of 1,000 baht per month.

Breakdown of Previous Allowances

Before this change, the allowances were as follows:

  • Aged 60-69: 600 baht
  • Aged 70-79: 700 baht
  • Aged 80-89: 800 baht
  • Aged 90 and older: 1,000 baht

This adjustment reflects the government’s commitment to improving the welfare of its aging population.

Broader Social Welfare Adjustments

In addition to the senior citizen allowance, the government is also adjusting financial support for children and disabled individuals. The allowance for children under six years old will now be set at 600 baht per month, starting from four months into pregnancy. Furthermore, the allowance for disabled individuals will be standardized at 1,000 baht per month.

Goals of the New Welfare Initiatives

These adjustments are part of a broader strategy to strengthen social welfare programs in Thailand. The government aims to provide more equitable support to vulnerable populations while simplifying the application process for these benefits.

Implementation Timeline and Future Plans

While the specifics regarding when these changes will take effect are still unclear, government officials have indicated that they are working on finalizing the implementation details. This initiative is expected to significantly enhance the quality of life for many seniors and other vulnerable groups in Thailand.

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The introduction of a flat allowance for seniors represents a significant step towards fostering a more inclusive social safety net in Thailand. As these changes unfold, they are likely to play an essential role in supporting the nation’s elderly population.

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Karen DKBA to Cease Assistance for Call Centre Gang Victims Due to High Costs

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Introduction to DKBA’s Decision

Overview of the Situation

The Democratic Karen Benevolent Army (DKBA) has announced plans to stop assisting victims of call centre gangs, citing escalating operational costs. This decision comes amidst a backdrop of ongoing human trafficking and exploitation in the region, particularly affecting foreign nationals.

Recent Victim Rescues by DKBA

Significant Rescue Operations

Recently, the DKBA facilitated the rescue of 261 foreign victims from scam operations in Myanmar. These individuals were handed over to Thai authorities for repatriation after enduring severe abuse in various scam centers along the border. Reports indicate that many victims exhibited signs of torture and psychological distress upon their release.

Challenges Faced by Victims

Victims reported being subjected to extreme conditions, including electric shocks and forced labor under dire circumstances. The DKBA’s involvement in these rescues has drawn attention to the broader issue of human trafficking in the region, highlighting the urgent need for continued support and intervention.

Financial Burden Leading to Cessation of Support

Rising Costs of Operations

The DKBA’s leadership has expressed concerns over the financial implications of their rescue efforts. The costs associated with providing care and support for rescued victims have become unsustainable, prompting the organization to reconsider its role in this humanitarian crisis.

Implications for Future Rescue Efforts

As the DKBA prepares to cease its assistance, there are fears that this will leave many victims vulnerable and without necessary support. The cessation could hinder ongoing efforts to combat human trafficking and provide aid to those affected by these criminal enterprises.

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The Need for Continued Support

Call for International Attention

The situation underscores the critical need for international cooperation and funding to address human trafficking in Myanmar and surrounding areas. Without adequate resources, organizations like the DKBA may struggle to continue their vital work in rescuing and rehabilitating victims of exploitation.

Future Prospects

While the DKBA has made significant strides in recent months, its decision to halt assistance raises concerns about the future of victim support in the region. Stakeholders must act swiftly to ensure that those who have suffered at the hands of call centre gangs receive the help they desperately need.

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Moroccan Suspect in Doctor’s Murder Captured in Turkey

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Arrest of Moroccan National Linked to Doctor’s Murder

Authorities have apprehended a Moroccan national, Bilal Chefinu, in Turkey, who is wanted for the murder of a doctor in Chiang Mai, Thailand. This arrest comes after a two-month international manhunt initiated by Thai police and Interpol.

Details Surrounding the Murder Investigation

The victim, Thitikarn Dulikanon, also known as Dr. Sammy, was found dead in her clinic on December 6, 2024. Investigators believe the murder occurred two days earlier, on December 4. Surveillance footage revealed that Chefinu entered the clinic with Dr. Sammy and left alone in her car shortly after the incident.

Timeline of Events Leading to the Arrest

  • December 4, 2024: Dr. Sammy and Chefinu are seen entering the clinic together.
  • December 5, 2024: Chefinu is captured on CCTV leaving the clinic around 2:00 AM and later boarding a flight to Hong Kong.
  • December 6, 2024: Dr. Sammy’s body is discovered by a housekeeper.

Following the incident, police secured an arrest warrant for Chefinu and sought Interpol’s assistance to track him down internationally.

Extradition Process Underway

After his arrest at a hotel in Turkey, authorities are now coordinating with Turkish officials to facilitate Chefinu’s extradition back to Thailand. The Chiang Mai police are preparing for his arrival to face charges of intentional homicide.

Motive Behind the Crime

Investigators suspect that jealousy may have been a motive for the murder. It has been reported that Chefinu was Dr. Sammy’s former partner, and they had separated about a year prior to the incident. The case has garnered significant media attention due to its tragic nature and the profile of the victim as a prominent figure in Chiang Mai’s medical community.

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This ongoing investigation continues to unfold as authorities work diligently to bring justice for Dr. Sammy and her family.

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