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Pattaya condominium market - H1 2013

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Pattaya condominium market - H1 2013

The cumulative supply of Pattaya condominiums at the end of 1H 2013 was recorded at 40,939 units, increasing by 32.9% over the end of H2 2012.

Approximately 10,153 units from 20 condominium projects were offered during H1 2013.

The Jomtien area gained in popularity, in terms of condominium development in the Pattaya market, with approximately 4,247 units launched during H1 2013, or around 42% of total new launches.

Demand for Pattaya condominium units at the end H1 2013 totaled 21,614 units. The take-up rate has grown up gradually from 50.3% at the end of 2012 to 51.7% at the end of H1 2013.

Sea view condominiums located in the North Pattaya/Wongamat area represented the highest average selling price per square metre in the Pattaya condo market at approximately THB 135,240 per square metre, followed by Jomtien and Pratumnak, at around THB 128,725 and THB 89,010 per square metre, respectively.

Source : Knight Frank

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