Urbaan Real Estate – Specialising in Residential Property for Expats
Urbaan Real Estate is a full service registered agency that has been operating in Thailand now for nearly two years. We concentrate on the two largest property markets, Bangkok and Pattaya, and specialise in residential property for expats searching for places to rent and buy.
As has been widely publicised, property developers have been very busy building new condominiums, in particular along the expanding BTS and MRT lines in Bangkok, and in the Jomtien and Pratumnak areas in Pattaya. In Bangkok many of these properties are made up of small units targeted at the Thai young professionals and growing middle class. Over 60% of condominiums launched in the Greater Bangkok area last year were smaller than 30sqm. In some areas, in particular upper Sukhumvit, there is an oversupply which is making buyers happy due to competitive prices. In Pattaya developers are enticing buyers into Studio and 1 bedroom units by targeting foreign buyers, in particular the Russian market, and retirees from Europe, USA and Australia. There is talk of a property bubble and investors are asking themselves is it a good move to put money into buying property in Thailand.
We believe that property bought at the higher end of the market in the right area is still a good investment. As property prices have soared in other regional centres, in particular Hong Kong, Singapore and Shanghai, there is a growing interest from buyers looking to secure a property here before the ASEAN kicks off in January 2015, as Bangkok will grow as a regional hub due to its geographical location and relative affordability.
At Urbaan RE we believe that the following properties are excellent investments and well worth considering.
Waterfront Suites & Residences
This 49 floor building will be an icon in Pattaya, located at the oceanfront next to the neon Pattaya sign, overlooking the new marina, Bali Hai Pier and the bay. With full management from Park Plaza Hotels Europe and world class facilities, construction has started and it’s foreign quota is now almost sold so be quick. We have a re-sale of a 75sqm 1 bedroom unit for 10.5M THB.
Reference ID: SP008004
Winner of the “Best Condo Development Thailand” at the 2012 Thailand Property Awards> Located in Bangkok’s upscale riverside district, The River offers the ultimate in luxury and convenience. Occupying two towers there is a range of choices from studios through to 3 bedroom apartments and large duplex units. We have a re-sale of a 2 bedroom unit available selling for 50,000THb a sqm under the current price, for 15.5M THB.
Reference ID: SB20650
Please contact David Lawrence on 087 495 7647 email [email protected] if you are interested in these or any other properties.