Property-Investment Pattaya Thailand by RELAX

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PAT TAYA THE BEAUTIFUL…

by George Hazard

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fter over one year in Pattaya as the General Manger of the prestigious Hard Rock Hotel in Pattaya, Mr. George recently addressed professionals from the tourism industry, with the aim of giving them the right perception of Pattaya today.

Some of the professionals were not too enthusiastic about featuring Pattaya in their Thailand holiday programmes, and Mr. George took the opportunity to talk with them at recent exhibitions. To these people he dedicates this article with the hope to change their views on what he perceives as Asia’s Best Tourist Destination! Pattaya has grown tremendously in the past 20 years and has reached the stan10

dards of a truly world-class tourist destination: where else can you find sandy beaches, tropical islands, sunshine, world-class branded hotels with impeccable facilities and friendly service, shopping that would make Singapore pale in shame, restaurants and bars from all the corners of the globe, 26 Golf courses within one hour travelling, first-class entertainment, exclusive activities and excursions, a smooth road infrastructure, 2 hours away from Bangkok and all under one roof? And where else can you buy a top-of-the-range condominium for under US$30,000? Ladies and Gentlemen of the World Tourism Industry, you don’t have to believe me, come and pay Pattaya a visit; you will be positively surprised to re-discover a real top class

destination that deserves your expert endorsement. The people of Pattaya welcome you to their home! Verehrte Damen und Herren der weltweit operierenden Tourismusindustrie: Kommen Sie und besuchen Sie Pattaya! Das beste Tourismuszentrum Asiens und seine Bewohner freuen sich auf Ihren Besuch! Дамы и господа мирa индустрии туризма, добро пожаловать в Паттаю, лучшее место для туристов. Жители Паттайи рады приветствовать вас! Verdens globetrottere; besøk Pattaya; en av Asias beste turistdestinasjon. Pattayas befolkning ønsker dere velkommen.

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Thailand Weathers the Recession Well property prices like there was no tomorrow.

With a slowing of economies in most countries around the world, how is Thailand stacking up? Surprisingly, a lot better than we anticipated, because it is virtually debt free on the international scene, - having kept its overseas borrowings to a minimum. The wealth of a nation lies in its productive capacity, and Thailand has plenty, starting with being a major rice producer, not to mention its huge industrial base. On the Thai real estate scene things have certainly stabilized, with lower priced properties remaining unchanged, but higher priced offerings seeing the trimming off of some fat. This is not as serious as the huge deflation in prices suffered by many of the western countries, whose financiers handed out irrecoverable loans on highly inflated 14

In London a currency fall of up to 40%, plus a 20% fall in property prices has dubbed their real estate offerings as the “Half price sale.” However, Thailand is still way in front on “value for money” in the property stakes, because of lower cost structures across the board, and side benefits, such as the very best in locally manufactured fixtures & fittings at bargain basement prices. It may come as a surprise to many readers to learn that Thailand rates very highly on the world scene in terms of financial stability, despite some recent hiccups on the political front. Taken on balance, the world’s major investors see Thailand as a prime investment opportunity with a highly geared growth factor for at least the next 10 – 20 years.

fenden Ökonomieen der meisten Industrienationen weltweit? Erstaunlicherweise besser als erwartet, weil das Land weitgehend schuldenfrei ist. Auch der Bankensektor ist wesentlich stabiler als der der meisten anderen Industrienationen. С замедлением экономики в большинстве стран по всему миру, как Таиланд поднимается? Удивительно, но гораздо лучше, чем мы ожидали, потому что страна практически свободна от долгов на международной арене. Thailand gjør det bra til tross for den politiske uroen. Lettelse fra myndighetene restriksjoner når det gjelder utenlands forretningdrift, samt mindre regulering rundt eiendomsforhold, ville imidlertid gjort landet mer konkurransedyktig og attraktivt sammenliknet med sine naboland.

Wie steht Thailand im Vergleich zu den derzeit eher schrumpwww.readrelax.com



Eight Tips For Financial Fitness 1. Have your fixed monthly bills paid automatically to avoid late fees and / or interest. Also pay off your credit card balance each month or you will pay higher interest, and also pay your taxes on time. 2. If you’re switching jobs roll the money over from your retirement fund into your new employer’s fund. 3. Switch credit cards if you’re carrying a high interest rate balance, to one with a lower interest rate and fees. Ask for a discount on services like your TV, phone, garbage removal etc, and of course ask “is that the best you can do?” on any big ticket purchases. 4. Maybe you should rent instead of buy, before you spend on highly priced items; - Whenever you rent something, mark it on your calendar and avoid late fees. Conversely buy instead of renting items you use regularly and keep a long time. 16

5. If your gift-giving is costing you more than you can afford, offer a more reasonable alternative; - also limit the cost of gifts especially to children. 6. Cook for yourself at home or opt for “takeaways” instead of dining out, and quit bad habits like smoking, overeating and drinking, so you’ll save on long-term health costs. Most people regularly throw away nearly 15% of the food they buy, so save money by eating everything you buy.

7. Balance your cheque book and avoid receiving overdraft fees, and when withdrawing cash use your bank’s ATM to avoid extra fees. 8. If you’re paying for Cable-TV, why not use all of it - and save some money; - ( watch movies, do fitness sessions and read magazine articles off Cable-TV). Taking home a little dog or cat can cost you thousands of baht per year; (that’s a down payment on a motorbike

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Da zur Zeit weder Lohnerhöhungen noch neue Arbeitsplätze in Sicht sind, sind wir alle sehr vorsichtig mit unseren Ausgaben. Während wir auf bessere Zeiten warten, gibt es jedoch viele Möglichkeiten um die eigenen Ausgaben zu kontrollieren. Hier sind 8 einfache Ratschläge, die Ihnen eine Menge Geld sparen können. Мы никак не дождемся увеличения заработной платы и рабочих мест, поэтому большенство из нас ведут себя очень осторожно в плане расходов. Есть несколько простых способов, чтобы сохранить каждый бат пока вы ждете наступления лучших времен, так что здесь восемь советов, которые помогут вам сохранить бюджет. De fleste av oss er opptatt med å redusere våre utgifter. Der finnes enkle måter å passe på pengene mens du venter på bedre tider. Artikkelen viser 8 tips for å spare penger.

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WHY INVEST IN PROPERTY NOW? he recently released Capgemini / Merrill Lynch 2009 AsiaPacific Wealth Report suggested that Asian high net worth (HNW) investors moved more money to cash last year, from 25% to 29%, adopting a more cautious stance. However, the report also reflected a slight increase in real estate investment across Asia Pacific.

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What might it suggest for the Pattaya and Jomtien region? The maintenance of real estate investment allocations and the higher cash levels on the sidelines may portend a stronger real estate going forward. While safety of principal predominated in investors’ minds last year, replacing the usual balance between risk and return, 18

a more adventurous investor is likely to re-emerge as stability of economies returns. Investors soon tire of the low returns offered by savings of cash. The property markets in Pattaya and Jomtien would benefit from this shift. One should not expect an overheated market, but instead recognition of the region’s recent enhancements.

Some of the recent improvements include: The New Suvarnabhumi International Airport is located less than 150 Km from Pattaya and U-Tapau International Airport (which is due to be upgraded), has attracted more international businesses to the eastern seaboard. More Than a Tourist Destination: The Board of Investment has approved new projects within and around the boundaries of Pattaya, which promise to expand Pattaya beyond being a destination for tourists. There is already a large expatriate community, drawn from retirees, local business owners, and workers from nearby industrial estates. Focus on Higher Quality Standards: www.readrelax.com


The rising standards in accommodation are shown through the quality construction materials and resort developments that are increasingly being built. Projects such as Northpoint, Southshore, The Loft, The Cove, The Wave and The Ocean Pearl are some noteworthy examples of this trend to more luxury standards in Pattaya, developed by real estate professionals with a vision for Pattaya. These substantial improvements in the region suggest a resurgence in the real estate

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market is possible as investors move their assets from the low yields available on cash and pursue the higher, but still stable returns available in real estate.

Der aktuell weltweite Trend zu Bargeld dürfte eher kurzfristig zu sehen sein. Mittelfristig hat der Immobilienmarkt der Ostküste Thailands gute Aussichten, von höheren Renditen und stabilen Erträgen zu profitieren. Растущее личности,

временным. Улучшение положения в регионе Восточного побережья,также может улучшить положение к более стабильной прибыли в сфере недвижимости. Den voksende allokering av likvide midler er trolig midlertidig. Regionens bedrete eiendomsklima kan dra nytte av et ønske om høy, men stabil avkastning i eiendomsmarkedet.

появление навероятно, будет

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