Government Housing Bank officials said Jomtien Beach is the hottest property market in the East.
The bank’s Wichai Wiratkapan said at a May 28 seminar at the Pullman Hotel G Jomtien that 78.7 percent of available houses sold during the second half of 2018 for a total 714 million baht, outpacing all other parts of Chonburi, Rayong and Chachoengsao.
GHB’s Real Estate Information Center listed the best condominium market as the Lake Mabprachan area of Nongprue Subdistrict with 97.3 percent of all available units selling for a total 1.9 billion baht.
Behind Jomtien Beach in the house market was Laem Chabang with 76.1 percent of units sold for 3.7 billion baht; The Utapao airport area of Sattahip with 74.3 percent of units sold for 8.8 billion baht; Lake Mabprachan with 71.7 percent of units sold for 9 billion; and Ban Bung District with 68.9 percent of units sold for 8.1 billion baht.
Behind Lake Mabprachan for hot condo markets was Ban Suan-Nongkangkok with 96 percent of units sold for 4.1 billion baht; the Amata Industrial Estate are with 90.7 percent of units sold for 2.3 billion baht; Bangsaen-Nongmon-Bangpra with 89.3 percent of units sold for 10.4 billion baht; and Rong Po-Nong Plalai with 84.1 percent of units sold for 300 million baht.
Bank real estate experts said the overall eastern real estate market is declining, but still can post strong numbers in specific areas.
