Jomtien New Major Property Development Site in Pattaya’s Property Market

A recent report from Knight Frank Thailand suggests that locations from Jomtien to Na Jomtien are set to become major condo development sites. Several factors give the area advantages over other parts of Pattaya’s property market, including improved transport links, new attractions, and available land plots.

Why Jomtien Is Rising

The extension of the Jomtien Second Road, running parallel to Jomtien Beach Road, has boosted accessibility. New attractions such as the Jomtien market, Ramayana Water Park (the largest in Southeast Asia), Cartoon Network Amazone, and the Grand Kingdom shopping center are drawing families and investors alike. The northern end of Jomtien, close to Pratumnak Hill, is busier and more developed, while Na Jomtien remains quieter and more tranquil — appealing to buyers seeking peace.

Market Growth and Supply

According to Knight Frank, the cumulative condo supply in Pattaya, Jomtien, and Bang Saray reached 40,939 units in the first half of 2013, a 32.9% increase over late 2012. Around 10,153 new units entered the Pattaya real estate market across 20 projects. Jomtien accounted for 42% of new launches, thanks to its abundant land plots. Developers such as SC Asset, Sansiri, and Supalai have all entered the market, signaling confidence in the area’s growth.

Comparing Pattaya Locations

• North Pattaya/Wongamat: 3,114 new units (30% of launches), favored by Thai buyers for its serenity.
• South Pattaya: 1,800 units (18%), busy with shopping and entertainment but less attractive for residential buyers.
• Pratumnak: 992 units (10%), a smaller share but with rising average prices.

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Demand and Pricing

By mid‑2013, demand for Pattaya condos totaled 21,614 units, with a take‑up rate of 51.7%. Budget condos priced between THB 1–2 million (25–30 sqm) were most popular, especially among Thais working in the Eastern Seaboard, Bangkokians seeking second homes, and Russians escaping harsh winters. Prices varied by location:

• North Pattaya sea view condos: over THB 130,000/sqm.
• North Pattaya non‑sea view: THB 55,000–71,000/sqm.
• Jomtien sea view condos: THB 91,000–140,000/sqm.
• Pratumnak condos: rose from THB 77,610/sqm in 2012 to THB 89,010/sqm in 2013.

Outlook

Knight Frank concluded that demand will continue from Thai buyers, especially in North Pattaya/Wongamat, while Jomtien appeals to Russian and Scandinavian buyers seeking affordable holiday homes. With land scarcity in Wongamat, Jomtien is now the hotspot for new condos for sale in Pattaya. Author: Mr. KC Cuijpers For more information: Please contact Town & Country Property – [email protected]