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Posted: 23 Oct 2012 | 6:00 am
Leading Thai listed property development firm Raimon Land have signaled a potential red flag for buyers in the surging Pattaya property sector.
With nearly 30,000 condominium units expected to complete between now and 2015 a rising tide of projects are being placed on hold.
Gleaning research data from their Condominium Focus Publication which cites off beach and those not offering views as the those seeing slow market absorption rates.
Risk factors tend to be compounded where sufficient pre-sale levels are not hit, resulting in banks unwilling to release construction finance.
The report does sum up that overall market conditions remain vibrant on a broad basis and is continuing to see healthy segmentation between domestic and international buyers.
A column featuring environmental issues and conservation around the island. Click here for more Green Reports check out the latest story from the leading experts:
A recent Channel News Asia television segment Boomtown Asia checked into the island's environmental, and sustainable tourism sectors.
The innovative Evening Breeze environmental cooling system is gaining global attention in the resort markets and villas.
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