Pattaya, Thailand. View Talay Condos

December 2010 - Sorry! Its been 1 year since we updated on the property news of Pattaya. The market has been fairly quiet in terms of rentals but at the time of writing we are now virtually full until next year. Sales have been ticking over and again things are seeming busier each month pointing to a steady but sure growth in activity from last year.
Many of the locals are feeling very confident that next year will be much better as Thailand once again becomes a target for property investment in Asia.
If you are a long term visitor of View-Talay-Condos.net, we would just like to explain that due to the poor attitudes of some owners and lack of maintenance of many properties offered for rent, we have now reduced the site to only a select few properties that we can be sure offer good quality and service. Also, in terms of condos for sale in Pattaya, we now add some other exciting opportunities in the form of other condominium projects, some of which are off plan developments, and some completed. Please check our financed properties page, where we now have some new additions of properties for sale with finance. Some newly finished developments include Park Lane, Suan Sawarn, Hyde Park 2, and we are particularly excited to offer an amazing new development in Pratumnak - The Peak Towers.

December 2009 - So we end another year in the Pattaya propety market, a very bumpy ride! Rental occupancy was noticably down as were the budgets of the tenants!
Sales wise have seen some great deals being snapped up as some buyers needed to sell to help rescue financial problems at home.
Others reducing prices as they were making their profit on the change of exchange rate. We also began to see private sellers offering some sales with 'seller financing' an interesting shift in this direction - banking institutions please take notice! So what's in store for 2010? We feel another similar year with things (including prices) picking up towards the end of next year!

April 2009 - It's been a while since we last posted here. In this time we have seen the market slow somewhat. However, more recently the market has picked up with buyers bidding sellers and sometimes negotiating a great deal. We feel that the market will stay this way for the next year at which point money will be flowing more easily again, oil prices will rise once more (read construction prices) and therefore the demand etc will increase, and thus the market taking off again. We continue to be extremely bullish about property in Pattaya in the mid-term.... therefore we strongly advise to make your move sooner rather than later if you want to get into this at a good price!

Oct 2008 - Doom & Gloom - Bangkok riots and global recession!
Unless you consider Pattaya of course. As any seasoned Pattaya resident will tell you, any negative headline event in Bangkok has a virtual zero affect on the lifestyle and optimism of Pattaya City. Over the last few years Thailand has suffered from several negative 'events' but the developments, prices and indeed demand for condos in Pattaya has not failed to move along at a reasonable pace. We also feel that the 'global' financial crisis will perhaps aid our market, as American and European investors seek a better looking economy in which to invest in property. Also overseas, with lower pensions and a definate rise in inflation, Thailand will continue to lure the retiring expats, escaping a disappointing retirement in the west and moving here to give them the ability to enjoy what they worked for... and so they should.

March 2008 Well firstly may we finally state that View Talay 7 is sure to go ahead as the court has indeed passed it through and construction is continuing now at good pace in order to try and recover lost time. This will of course be another great success offering affordable beachfront units in a great location. We still have some good resales of this project and surely now the prices will start to rise!

View Talay 6 is also well on the way with many rooms now undergoing their final renovation getting them ready to sell or rent. Please remember we also provide very good quality renovation services! As we predicted, we start to see well finished studios on high floors nearing the 4 million mark!

Finally we would like to thank all the committee members of View Talay 2A & 2B. They are doing a great job of assisting the management handover and implementing many upgrades and improvements. This will all help to ensure the complex remains as popular as ever, and keep the prices healthy. Well finished studios are now selling at the 2 million mark.

December 2007 We would like to take this opportunity to thank all of our customers for the great support that we have received in this very first year of VTC.net, especially our repeat rental customers. Your kind comments of our service are well received and give us the drive to continue with the hard work that has made VTC.net the success that it is - THANK YOU!!

And with the year coming to an end we see the election completed, which will surely spur more investor confidence as the country should now return to political stability.

VT7 Update - The latest development on the situation with View Talay 7 is that the relevant checks were carried out and seemed to pass but they are now waiting for the results to be passed through the court in order to be given the go-ahead to continue with the construction. At this time of writing, we were told this should happen in about 6 weeks. However, there are also conflicting stories from opposing groups. Therefore, the only conclusion is that there are only stories and still no real conclusion.

The regeneration project of VT1 is underway with many improvements planned, which will help upgrade the building and probably the prices.

Also View Talay 2 buildings have now formed committees and are working with the new independant management service to also upgrade and improve things there. We feel that once this system has had the time to establish itself, the complex will see an increase in rental prices and of course sale prices!
Get in now while you can!

October 2007 - While December has always been a prosperous month for Pattaya Real Estate which often spurs price increases due to the high season, we would like to bring it to your attention that this year will definately see strong price increases in the re-sale units at View Talay 6. This project is on target to be ready for title transfer in December and many of our listers currently selling unit contracts at around 3m baht per studio have stressed to us that once they have proceeded to transfer the units into Foreign Ownership, then their sale prices will be close to 4 million baht per studio. Too expensive? Crazy Prices! That price may seem high but then consider that this is a brand new complex located directly in the middle of Pattaya Beachfront, with Pattaya's newest and with no doubt biggest state of the art shopping centre and multi-plex cinema right next door! So if you have been pondering buying in VT6 then act quickly to snap up the last of the cheaper priced units. 4 million may seem steep now... but in a few years time I am quite sure that we will be seeing well finished studio units close to the front selling at 6 million or more!

August 2007 - In our last news update, we said that people should be buying up before they price themselves out of the market. We can inform you that just in the months of July and August we are aware of at least 10 condos that have been sold in VT2, we have received price increases for VT3 and people are also buying up contracts in VT7. This together with the news that the election will be held in December and the Foreign Business Act will left for the new government to review is all showing that things are once more going in the right direction!
So - If you have been standing on the sidelines... you may want to consider stepping back in.
Again, we advise you not to wait too long or you will surely miss the boat!

June 2007 - Big money is waiting! This is the general feeling of most Estate Agents in Pattaya who have connections with some of the higher players in the Thailand realty market. There is strong belief that once the election is held and the property law is stabilised, more investors will return and prices will continue to increase (mostly in Condominiums we are pleased to add).
Recent slow down is only short term, and if you look around at the investment in improving infrastructure, plus the planned and already started building of more high grade hotels and shopping centres etc - the knowledgeable investor knows that this is the best time to buy when considering the bigger picture.
Even if you are only looking to buy your own home here, please dont wait until its too late and you are priced out of the market! We have seen this time and time again. Happy shopping!

May 2007 - We are receiving many e-mails from original purchasers of the View Talay 7 project expressing their concerns over the recent halting of construction by the courts!
Please may we remind you that we are not the View Talay developer, but an agency concentrating on re-sales, rentals and renovations.
However, we have spoken directly to the View Talay 7 developer and they have stated that they correctly received both the Environment and Building Permits from the Pattaya City Hall and are now filing all of the necessary documents with the courts in Rayong, after which they are 100% confident that the matter will be closed and construction will continue and be completed on time as planned.