The homes at Glass Hill have been planned to give their owners decades of service as beautiful and functional residences. A home is also an investment and we are committed to sustaining and increasing the market value of its properties.
Thailand's Eastern Seaboard is a unique opportunity in Asia's generally overpriced and inflated real estate picture. The region's economy, built around the twin pillars of export industry and the tourism/resort economy of Pattaya and Jomtien, has quietly flourished despite the widely publicized political chaos in Bangkok. The latest crisis to hit the capitol, the widespread flooding of Bangkok and surrounding areas in late 2011, has actually served to dramatically boost the Eastern Seaboard's industrial, commercial, and real estate economies, as wealthy Thais, expats, and businesses seek to move to less flood-prone locations that still offer easy access to the capitol.
"The second home markets in Pattaya, Chonburi, Hua-Hin, Cha-am and nearby provinces will benefit from this crisis. Bangkok residents with disposable income will be inclined to purchase holiday homes out of Bangkok as many residents are now evacuating to Pattaya and Hua-Hin."
-- CB Richard Elles Thailand, Nov 2011
During the boom years of 2003-2007 Thailand's Eastern Seaboard, like many other prime housing markets, saw a huge surge in investment interest and property value. The global financial crisis, compounded in Thailand by the political instability of 2008-2010, put a quick end to that, sharply reducing investment interest and depressing property values. Quality properties and projects are available today at prices far below their 2006/2007 peaks.
Prices may have dropped, but the inherent value propositions of Thailand's eastern seaboard remain:
"The hottest and biggest market in detached homes is definitely in the 3 to 6 million baht range⦠I am really Bullish about the greater Pattaya area taking over the lead from Phuket in developing a high end detached home market for the existing European/American/Australian market and for the fast emerging markets of the Middle East/India/China/Russia."
-- Oliver Fall, editor, Business Report Thailand
Pattaya and the surrounding areas represent the single strongest real estate investment opportunity in Thailand. Bangkok's new airport has cut travel time from entry to destination from two hours to less than one hour. The regional tourism business is increasingly focused on upscale arrivals, with major international hotel and resort chains have flocked to the region. The area features an extensive array of world-class golf courses, yacht clubs, spas, restaurants, hotels, and night life, making the area one of the world's most appealing and fastest growing leisure centers. World class international schools and world-class health care facilities round out a highly attractive relocation package. Easy access to port and airport facilities and freedom from Bangkok's traffic and congestion have drawn local and international business and industrial investment to the Pattaya's real estate market is thus driven simultaneously by RSH buying, demand from expatriate investors and an influx of well-off local buyers, a more diverse and stronger base than that supporting some markets drawing purely on resort appeal.
Glass Hill is designed to fill an "affordable luxury" niche that appeals to all three of these categories. Lots average 650 square meters, substantially larger than those of competing developments, allowing an unusual degree of space and privacy. Most lots have frontage on the lake that forms the development's central feature. Homes combine traditional Thai design features with modern conveniences and top-standard construction. This combination, in an ideal location offering easy access to golf, beach, nightlife, and the major highway link to Bangkok offers a uniquely attractive long-term investment: secure ownership of a rapidly appreciating asset with potential for solid annual rental returns and a luxurious getaway in a prime tropical resort region, a luxury retreat and a secure asset-backed investment blended in a single affordable package.
"The second home markets in Pattaya, Chonburi, Hua-Hin, Cha-am and nearby provinces will benefit from this crisis. Bangkok residents with disposable income will be inclined to purchase holiday homes out of Bangkok as many residents are now evacuating to Pattaya and Hua-Hin."
-- Clayton Wade, Premier Homes Real Estate Co.