Knight Frank Thailand Reveals Pattaya’s Status as Prime Future Locale

Khun Phanom Kanjanathiemthao, Managing Director of Knight Frank Thailand Co., Ltd., forecasted that Pattaya would be a city with great potential in the future, both in terms of the city’s expansion and as a major tourism hub in the eastern zone of the country. The growth is underpinned by state investments such as:

(1) The development of U-Tapao International Airport to support economic development in the Eastern Economic Corridor (EEC) and as a centre for aircraft maintenance. The target is to serve about 1.2 million passengers in 2017 (from 700,000 passengers in 2016).

(2) Development plans for Sattahip Commercial Port to make it a commercial port and yacht marina, connecting travel routes between the eastern and western sides of the Gulf of Thailand (East-West Transport). This helps to reduce travel times and freight transport to 1 to 2 hours; at present, passenger ferry service between Pattaya and Hua Hin has commenced.

(3) Development of the Special Eastern Economic Corridor in three provinces, Chonburi, Chachoengsao and Rayong, covering 10 target industries.

Pattaya itself has set a goal to become a centre of tourism to support the growth and integration of the ASEAN Economic Community. The areas around Na Jomtien and Sattahip will receive many benefits from this growth. Currently, Na Jomtien is the location of several major attractions including Cartoon Network Amazone, a large water park and the first and only one of its kind in the world to be associated with the Cartoon Network brand; Sriracha Tiger Zoo; and The Million Years Stone Park and Pattaya Crocodile Farm.

The many development in the above mentioned areas will enhance the prospects of the Bluphere Pattaya Managed by BW Premier Collection development. It serves as a project for buyers who want to buy real estate in the form of a lifestyle investment. In addition to serving as a residence or a vacation home, the real estate can also generate a good return for owners, with a professional rental management team on board. Also, investors will enjoy growth in the value of the property in the future. The project features a guaranteed rental return of 7% per annum for a period of five years by the BW Premier Collection hotel – a brand with a renowned global reputation as well as management and rental administration that meets world standards. Residents will receive hotel-level services, which are recognised both in Thailand and abroad. Moreover, owners are entitled to free stays for a total of 14 days per year.