Ocean Property is ramping up its efforts for Ocean Portofino Jomtien-Pattaya, indicating that buyer confidence is returning and investors are recovering quickly. The company is launching a major campaign along with two luxurious designs and special offers for customers who book the project, aiming to boost sales in the final stretch of 2021.

Mr. Naphong Priphanpachonpisut, Managing Director of Ocean Property Co., Ltd., a comprehensive quality real estate developer, revealed that the overall real estate market in the final quarter of 2021 is showing positive signs in terms of purchasing power and consumer confidence, including investors. This is influenced by two main factors: the policy of reopening the country to tourists from designated countries who can now travel to Thailand more easily, and the relaxation of regulations governing housing loans and related loans (LTV measures), which have been adjusted from a lending limit of 70-95% of the contract price to allow for 100% financing. This leads to the belief that the real estate market will begin to improve in Q4 and continue positively into 2022.

Two Measures to Accelerate Market Recovery

Both factors significantly impact confidence and purchasing decisions, whether for personal residence or long-term investment. There is a clear upward trend in the overall market, especially in the vacation home segment in key tourist cities like Pattaya, where demand from both Thai and foreign buyers is becoming more vibrant, as evidenced by booking numbers and project visit appointments.

“Ocean Portofino Jomtien-Pattaya” has seen continuous activity over the past two months, and it is believed that this positive trend will continue until the end of 2021.

“The policy of reopening the country to tourists has positively impacted employment rates, and the real estate sector benefits from increased purchasing power in tourist cities such as Phuket, Samui, Chiang Mai, Pattaya, and other major tourist hubs. Particularly in Pattaya, where our company operates, we are seeing a significant increase in tourists, as evidenced by the return of yacht rental customers, positively affecting the hotel business that is starting to recover and driving the economy. Additionally, workers in the tourism sector are earning more, and the positive economic outlook makes us view the reopening policy as beneficial, stimulating increased spending,” Mr. Naphong stated.

Pattaya: A City Worth Visiting and Investing In
With Pattaya's potential as a top choice for tourists and those looking to buy vacation homes for family relaxation, its appeal to both Thai and foreign investors stems from its convenient proximity to Bangkok, beautiful seaside atmosphere, and currently attractive property prices. We are beginning to see positive signs in the Pattaya real estate market as it rebounds after the lockdown was lifted, leading to confidence that everything is adjusting positively and purchasing power will return to a multiplying positive trend in the future.

It is anticipated that the group purchasing for investment as a long-term asset and as a second home for relaxation will be among the first to recover, supported by several factors including the reopening of the city to welcome tourists, widespread vaccination coverage, and stable property prices, especially in key tourist cities, along with marketing campaigns that encourage purchasing decisions.

“In addition to investment, the lifestyle aspect of real estate in Pattaya continues to meet the needs of new-generation families who are increasingly interested in purchasing vacation condos in tourist cities due to the convenience and high privacy of living arrangements, providing space for various family activities, and the ability to work from anywhere,” Mr. Naphong added.

Launch of Two Luxurious Designs
The “Ocean Portofino Jomtien” project is a high-rise condominium with a modern style, 37 stories tall, comprising 268 units on over 120 rai of land, featuring oversized units with 1-2 bedrooms ranging from 80-133 square meters. The building showcases a sleek V-Shape design, offering panoramic sea views and a unique “marina lifestyle” atmosphere, located next to the largest world-class yacht marina in Southeast Asia, a significant landmark in Pattaya, with prices starting at just 6.9 million baht.

Recently, two new sample room designs have been launched for the “Ocean Portofino Jomtien-Pattaya” project in Contemporary and Scandinavian styles. Room Types A and B feature a Contemporary style with earth-tone decorations and natural materials to create a sense of openness and comfort, while Room Type C showcases a Scandinavian style that highlights the beauty of Nordic design with simplicity, warmth, and a connection to nature through wooden furniture and white tones, emphasizing spaciousness and natural light, along with private green spaces and a lagoon by the sea, resembling a vacation abroad.

Big Year-End Campaign for 2021
In the final stretch of 2021, the company is offering special promotions for customers who book the “Ocean Portofino Jomtien-Pattaya” project, including a luxurious yacht trip valued at 50,000 baht* available for buyers from now until December 31, 2021, or they can choose a package offered in collaboration with Thai Samut Life Insurance.

Additionally, customers purchasing a unit in the “Ocean Portofino Jomtien-Pattaya” project will receive a free life insurance package with coverage up to 20 million baht for 5 years* from now until June 30, 2022 (*conditions apply as specified by the company).

With the overall Pattaya real estate market becoming more vibrant and customers continuously visiting the project, Ocean Property is also prioritizing health and safety measures. All staff members have received two vaccine doses and a booster shot, and weekly ATK tests are conducted, along with maintaining cleanliness and safety at service locations to ensure confidence for visitors, team members, and all employees.

Interested parties can visit the sample rooms at the sales office of the “Ocean Portofino Jomtien-Pattaya” project every day or view them online 24/7. For more details, visit the website www.oceanproperty.co.th or call 02-038-5013.
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