Bangsaray isn’t the most well known place in Thailand’s Eastern Seaboard with Pattaya attracting most of the attention. However, the sleepy coastal town situated only 20 kilometres south of Pattaya is becoming a property hot spot with both tourists and investors picking up real estate here.
One reason Bangsaray is growing in popularity is due to its natural attractions and lifestyle amenities. It has several golf courses, 20 of which rank among the top PGA courses in Thailand. The calm waters around Bangsaray make it an ideal place for sailing and various watersports. Other activities available in the area include biking, running and hiking.
“As a destination, Bangsaray is mostly unspoilt by high-rise buildings and large hotels; it retains a unique quaintness and fishing village charm, with great beaches and seafood restaurants,” says Chris Delaney, Managing Director of Sunplay Asia, the property developer behind Sunplay Bangsaray project.
The price of beachfront land in Bangsaray has skyrocketed in the past 15 years climbing as much as 225% in some areas. A 3-rai beachfront parcel now lists at about THB30 million per rai, which is a significant increase from the THB7 to THB8 million it would have been listed for in 2002.
“Given the planned infrastructure improvements around Bangsaray, there is no doubt that land prices will climb, most probably at a higher rate than many other areas in the kingdom,” says Tim Skevington, Founder and CEO of Landscope Thailand, an affiliate of Christie’s International Real Estate.
Bangsaray may never be as popular as Pattaya in the eyes of tourists, but infrastructural connections between the 2 towns, as well as nearby Rayong, mean it could become a popular spot on the Eastern Seaboard in the near future.
“This is one of the most positive aspects of Bangsaray’s rise as a boutique resort hot spot. Land prices in Pattaya, Jomtien, and Na Jomtien went up even higher over the same period but Bangsaray hung in there with some very attractive land price increases.” Says Clayton Wade, Managing Director of Premier Homes.
This story appeared on property-report.com
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