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FOCUS ON THAILAND AND PATTAYA REAL ESTATE MARKET |
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The Pattaya and Jomtien Real Estate market offers exciting opportunities,
a great choice to meet your personal holiday needs or to enter the lucrative
Thai real estate market. Our connections are well established and include
relationships with developers and real estate property managers throughout
the region. Inquire about real estate offers or call one of our experienced
representatives for exclusive information about a house, villa, condo
or apartment, especially when you look for property in the Pattaya and
Jomtien area.
In recent years we have witnessed many changes in Pattaya and Jomtien.
Our city has experienced tremendous growth, which is continuing rapidly
and no other area has expanded more than the Real Estate sector. The
demand for houses, villas, condominiums and apartments has been huge.
Building materials and land prices continue to raise giving investor’s
steady returns and attractive capital gains. To invest in property in
Pattaya or Jomtien is very lucrative these days.
Real Estate in Thailand is not unlike the rest of the world. Some regions
forge ahead while other areas remain stagnant. Pattaya, and especially,
Jomtien Beach, is growing at a fast rate, in all directions. This has
placed even greater emphasis on that old Real Estate adage “location,
location, location”. And of course a location near the beach with
sea view is high on everyone’s favorite property list.
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The investment is restricted to the development land and does not include
any construction of homes, infrastructure or other areas. This removes
the possibility for any losses through liability for costs incurred
as there are no further costs beyond the purchase of the land. The development
company is responsible for clearing of the land and all future construction.
The land's retail value in its own right (without the development) less
the cost of purchase represents the gains on the land purchase for the
investor and Development Company. Examples sourced from general publications
of retail
values are produced for comparisons and the investor can therefore see
for themselves how realistic claims for potential returns are.
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Remember; whatever else anyone may tell you, land investment returns are
not guaranteed at any specific rate.
However it is fair to say that land is one of the very few investment
commodities that has traditionally shown a steady increase in value and
very rarely, if ever, dropped. In the last 12-24 months in the Pattaya
and Jomtien region we have seen increases well in excess of 100% on basic
development land values, in some areas well in excess of 500%.
After all as the old adage goes, "land, they aren't making any more
of it!”
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That is true for Pattaya and Jomtien as well as it is getting
harder to find land for a house or a condominium complex anywhere near
the sea and the convenience and excitement of Pattaya and Jomtien. It
is obvious these pieces of land are very valuable and without any doubt
investment success stories.
Actual returns will vary from development project to development project
and reflect both the nature of the planned development and the investment
risk. The investment is structured to ensure that the initial investment
sum and the first 50% gain are returned to the
investor before any further gains are split equally between the investor
and the development company. This ensures that the development company
can only gain from the development after the investors have already
seen a substantial return themselves. A good incentive that works in
all parties interests!
What could the end returns be? Depending on the quality and price paid
for the initial land investment, gross returns of up to 300% are realistically
achievable! Mind full of the understandably cautious approach of most
investors 99 Real Estate have structured these investment opportunities
in Pattaya and Jomtien to ensure maximum investor protection. All investments
are secured against the transfer of land title deeds into the investor's
nominated ownership. This can be a company or Thai National at the investor's
discretion. The land is then subdivided into easily sellable plots and
the investor then only releases ownership of these sub-divided plots
on receipt of their original investment and first 50% gain. Nothing
could be simpler or more transparent! Any gains above the initial 50%
are split equally with the development company after deduction of previously
agreed costs such as transfer fees, legal costs, sales commissions etc...
The length of time that the investment is tied up for is dependant upon
the speed with which the development land can be sold.
As the investments are only made in the development land and not the
construction on the land, returns occur as soon as a potential buyer
commits to a deposit. The initial deposit taken by Pattaya Immobilier is equivalent to full payment for the land element
of the house or villa purchase.
As this payment is received the title deeds for the land plot are transferred
to the buyer, thus securing their payment. Further staged payments then
take place until completion of the construction phase for the buyer
but as the investor has no interest in this phase their funds are no
longer required. Available for investment in future developments or
whatever else the investor decides!
On some selected projects the investor has the option to draw down returns
on investment as a regular income. This allows a regular monthly income
with typical rates in the region of 2% p.c.m. or 24% p.a. far better
than could be
returned from rental properties for example.
The terms and conditions are flexible and vary from real estate development
to real estate development. Earlier access to investment gains obviously
results in a lower return than should that access not be required. For
more information on this option please contact us to make an appointment
to discuss further.
As further protection and peace of mind for the investor all of First
Choice Home's investment opportunities are initiated with an approved
legal investment contract. Rights and obligations of both the investor
and the development company are detailed which leads to the elimination
of most understandings. To have the opportunity to review a sample contract
agreement contact us to make an appointment.
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