Great promise of expansion lies to the east | Bangkok Post: news

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Great promise of expansion lies to the east

The Si Racha condominium market is attracting investors who can profit by renting to expats, mainly Japanese

  • Published: | Viewed: 2,088 | Comments: 0
  • Newspaper section: Spectrum
  • Writer: Risinee Sarikaputra
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Si Racha has become one of the more interesting areas in Thailand for residential development because of its advantageous location in Chon Buri province. For some people, it represents a quieter alternative to the raucous and congested resort city of Pattaya. Many other people, both Thai and foreign, are looking for places to live in Si Racha because it is close to the industrial estates where they work. 

In addition to being close to the Laem Chabang deep-sea port, Si Racha is within easy reach of the Amata Nakorn, Hemaraj Chon Buri, Pinthong, Laem Chabang and Eastern Seaboard industrial estates. At Pinthong, a five billion baht expansion covering 352 hectares this year will bring the total area of the complex to 960 hectares. As Pinthong and other estates grow, more Thai and foreign professionals and other workers will be seeking housing.

Since the very first condominium project was developed in the town in 1991, the cumulative number of condominium units in Si Racha has reached 6,480 units as of the first quarter of 2014. However, the real condominium boom began only last year with an influx of 3,030 units or 46.8% the total supply in a single year.

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