Luxury apartments in a premier location in Pattaya, with 12% yields and a defined exit stategy

Park Residences, Luxury Thai Apartments

Principal International are delighted to offer this exceptional residential investment opportunity in Pattaya.

The Park Residences is an exclusive building, offering affordable 1-2 bedroom apartments with rooftop gardens, pool and jacuzzi with sea views and a projected rental yield of 12% per annum.

Capital growth for this project is estimated to be 15% per annum with greater demand for apartments and villas rather than hotel accommodation. Outright foreign ownership is available.

Situated on the famous Pratamanak Hill in Pattaya, it is in a prime location near the beach front of Pattaya and Jomtien, Don Tang and Cosey Beach. Pratamanak Hill is a highly regarded, much sought after residential area with green, lush patches of palms and the beaches are just minutes away in either direction. Pattaya's Walking Street is nearby, with a wide variety of shopping centres, restaurants and coffee shops, this area enjoys all benefits of being centrally located.

Pattaya enjoys a strategic location just one hour from the new $4billion Bangkok International Airport and less than two hours drive from Bangkok itself.  It is estimated that after the completion of the new motorway currently under construction, this journey will be reduced to 90-minutes adding to the regeneration of the property and tourism sectors, which is currently seeing a rising demand for residential units.

Pattaya is known as the Thai Riviera and is regarded as one of Asia’s top beach resorts located on the east coast of Thailand. Pattaya caters for all types of tourists, including family groups, single travellers and those looking to dive and explore the islands and shipwrecks in the area. There are white sand urban beaches with sports facilities, all just metres away from bars and restaurants. There are also twenty international standard golf courses within an hour of Pattaya.

The development offers year round demand, as Pattaya’s location on Thailand’s coast to the east of Bangkok means it does not suffer from adverse weather conditions or monsoons.

The project will be fully managed with a choice of three management options. The developer has a commitment to the resale of the apartments on completion, which will be via on-site operations, managing an established network of real estate companies within Thailand. The availability of 49% foreign freehold allows direct foreign ownership of units, which is a rarity in the Thai property market. 

Thailand is already a known tourist destination and is recognised as a preferred location in Asia to buy a second home. The costs of flying to Asia have become more affordable with the growth of low cost carriers in the market.