During a seminar organized by the Chonburi Real Estate Association, prominent figures in the Thai real estate industry expressed their optimism about Pattaya’s future growth, positioning it as a premier global destination. The event, titled “Real Estate…Factors-Opportunities-Hopes of the Thai Economy,” highlighted Pattaya’s increasing allure for both local and international visitors.
Various real estate leaders, including Mr. Chanin Vanichwong, the CEO of Habitat Group, emphasized Pattaya’s evolution from a mere domestic nightlife spot to a world-class destination. Notable Thai corporations like the Land & House Group and the Asset World Corporation have already made substantial investments in Pattaya, introducing projects such as Terminal 21 Pattaya and expanding hotel ventures. Central Group and Magnolia Quality Development Corporation are also involved in significant initiatives in the city.
Habitat Group, under Mr. Chanin’s guidance, has played a significant role in shaping Pattaya’s development. He noted the city’s transition from a nightlife hub surrounded by industrial zones to a more diversified and sophisticated location.
This shift is apparent in the emergence of high-end tourism offerings across Pattaya. Areas like Na Jomtien now boast luxury hotels with rates exceeding 20,000 baht per night, while the Wongamat area showcases upscale condominiums valued at over 300,000 baht per square meter.
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