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Pattaya Property – Buyers Hit as Projects Abandoned

By on Apr 30, 2014 in Property News, Residential

At the time of rapid expansion and booming property sector, many housing estates in Pattaya ended up being poorly maintained, which created problems between project owners and residents.  Since many developers had several housing and condominium projects at hand, they often chose to shift their focus from older developments to pay attention to new ones in order to cash in on target buyers.  The 64-unit Pattaya Thanee is one such example, where homebuyers, mostly foreigners, have been suffering serious problems from poor maintenance, lack of utilities, security and hygiene issues – leading to a major dispute between the two sides, with the case now being brought to court.

Developed by Land and House Natural View Co Ltd, with Pornthep Pothirangsithep as one of its top executives, the Pattaya Thanee project is located in Soi Tungkrom-Tarnman, Banglamung district, Chon Buri. The project was meant to be a luxury housing estate in Pattaya, with average price per house set at more than Bt10 million each.

Sakchai Tanghoh, Banglamung chief district officer, said he has been trying to resolve the conflict by hosting a meeting between the residents and the project owner. The first meeting was held on Tuesday, with the second meeting scheduled for May 7.

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