Approximately 2,491 condominium units in Pattaya were sold during 2011, an increase by 120 per cent from the year 2010, according to Knight Frank Thailand.
Frank Khan, head of Residential Department, Knight Frank Thailand, said that the demand of Pattaya condominium was mainly from local Thai buyers in some projects, especially the projects which are located in the North Pattaya or Wongamat area due to a large number of retail outlets, high end restaurants and bars and shopping mall in the area. City condominium located in South Pattaya is preferred by foreigners.
The ideal unit for Thai buyers as a second home is a one-to-two-bedroom condo sized at about 55 square metres. Investors buying units to let are fond of smaller one-bedroom units of about 39 square metres.