Areas in and around Pattaya have recently seen land prices shoot through the roof with some plots increasing by Bt100 million since the talk of the ‘EEC and the drafted plans for the high-speed train network’.
Pattaya, Jomtien and the surrounding area is currently being heavily promoted by the Government as a centre of tourism and integral to the ASEAN Economic community in Thailand.
Anuwat Suwannadead, deputy director general of the Department of Public Works and Town Planning recently made people aware that the three areas of current interest are Chuk-Samed Port, U-Tapao airport, and Pattaya.
He also spoke of the current land increases saying that land around The Ambassador Hotel and on the Sukhumvit is in excess of Bt50m per rai with beachfront land in those areas well in excess of Bt150m per rai.
CP investment in the Bangkok-Pattaya-Rayong high speed train network is also a key factor.
Investors are also buying up available land in Sattahip with U-Tapao airport set to playing a major role.