Habitat Group announces the success of “Best Western Premier Baysphere Pattaya” and continues with the “Baysphere Premier Suite” project. Enhancing leisure lifestyle and investment in tourism city quality projects to get purchasing power – Pattaya’s economy “Turnaround” new round. From positive signs of government investment projects and the tourism industry reversing.

Mr. Chaninth Wanichwong, Chief Executive Officer, Habitat Group Co., Ltd., a leader in the development of investment property projects; It was revealed that the overall real estate market in tourist cities is starting to recover from the number of #tourists who are expected to return  by 40-50% compared to 2019 due to covid-19 due to various factors, including the national tourism stimulus plan, especially #Pattaya City, which found that hotels have already reopened by about 70% and have an average occupancy rate of 60-70%.

In 2023, the numbers are expected to revive. This  ensures that in the next few years, there will be an opportunity for #real estate #hotels and tourism to recover both the number of tourists and the decision to buy a property to live in or as a second resort home to generate a long-term return on investment.

Catching “travel-investment” recovery signals

Pattaya’s economy is recovering better. This is evidenced by the figures of the Tourism Authority of Thailand (TAT). From January to June 2022, 6 million  tourists arrived in Chonburi.  Of these, 80% of pattaya’s 1 million  tourists are foreigners  . After the country’s opening, more foreign tourists began to come in. Most of them are Indians. English, Vietnamese and German Compared to the pre-COVID period of about 61 years,  the number of tourists visiting Pattaya city. About 14 million people It is divided into more than 400 Thai tourists. and about 9 million foreign tourists  . At the time, most of them were tourists from China, India and Russia.

According to research and communications department, Colliers. Thailand The pattaya condo market was reopened for sale in the first six months of 2022 with approximately 810 units on jomtien beach road and Na Jomtien-Bangsaray. Because in addition to reopening, there are still some units left for sale in the market. And condos that have previously delayed the project have already begun to resume construction.

The foregoing factors ensure that the Pattaya real estate market is starting to return to the attention of residential and investment buyers, especially vacation homes, who are experiencing demand from investors. This is partly due to projects remaining available for sale in the area, starting to have fewer units and not having price adjustments.

That’s from the Research and Communications Department, Colliers. In the first half of 2021,  there were approximately 20,000 units, of which condominiums with large rooms by the sea accounted for 1% of the remaining supply sold in the market. Since most developers have delayed their projects in the past 1-2 years due to COVID-19.

“Pattaya is also a destination for both Thai and foreign tourists, as thai tourists choose to travel in the provinces near Bangkok because of the ease of travel and the low costs, most of the recent holiday home buyers are Bangkok residents, while the others are from China, Russia, Europe,” Mr. Chanin said.

In addition, it is the result of various infrastructure investments by the government and private megaprojects invested in, both from real estate groups that are constantly launching new projects in the EEC zone, as well as foreign investment. In addition, the city of Pattaya has continued to implement the new Pattaya Strategic Plan or “Neo Pattaya”, which aligns its infrastructure development approach with the growth of EEC, focusing on the development of areas and tourist attractions.

Build on the success of new projects

Development of “Bayphere Premier Suites” with a project value of 838 million baht Habitat Group’s new project builds on the success of the “Best Western Premier Bayphere Pattaya” project, which is located in a quality location next to Na Jomtien Beach. Developed in the concept of an  8-storey low  rise condominium  building with an area of 3 jobs, 99 sq.wah, with 119 units with apartment sizes ranging from 30–120 sq.m. Sq.m. Studio,   1-bedroom and  2-bedroom models starting from only 4.5 million baht, with common areas and facilities to meet all lifestyles.

“Best Western Premier Baysphere Pattaya is a project that has  sold out and has been in operation for 1 year, currently the occupancy rate is 50%, we see next year as a good year for properties, many companies are accelerating their strategies to seize the opportunity, especially the Pattaya real estate market is starting to turn around, plus the support factors of government investment are a good boost for the market in this zone to resurface. Design that meets every lifestyle for leisure and meets the needs of living down. The capital of the new generation,” Mr. Chanin said.

For past works Habitat Group has invested in the development of 8 investment property  projects in Pattaya with a total investment value of 6,000 million baht. The project is already open in the form of a hotel and pool villa. There are 4 locations:

-The Ville Jomtien

-X2 Vibe Pattaya Seaphere

-X2 Pattaya Oceanphere

-Best Western Premier Best Western Premier Bayphere Pattaya

One additional location is set to open  in the fourth quarter  of 2022  : Baysphere Premier. Bayphere Premier Suites

In 2023,  three more locations are set to open  : Wyndham Atlas Wongamat Pattaya in Q1, Best Western Premier in Q1.  Best Western Premier Collection Bluphere Pattaya has been transferred ownership and is 100% completed  and will open in the second quarter  and the Ramada project. Ramada by Wyndham Mira North Pattaya currently accounts for over 90%  of sales and is expected to be completed in Q4  2023.

Baysphere Premier Suite Starting at 4.5 MB The project is managed by a  5-star hotel for the opportunity to receive a 30-year return  with a guarantee  of 7% for a period of 2 years, after which 40% of the room revenue will be shared  with the buyer. In addition, the owner of the room can stay for free. 14 days a year

Interested parties can visit the project every day. For details, please visit the www.habitatgroup.co.th

Tel. 061-754-8222

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