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Pattaya Heights: Property Investment Potential

There is a strategy for all types of investment, from a short-term hold approach that relies on the capital growth alone to a long-term investment scenario where the estimated 6%-7% rental yields will add a supplementary income to the investor. The Pattaya Heights project is sold at 24% under average market value, which gives the investor an immediate return on investment.
As an example we have created 2 investment scenarios that you can see following the links below:

Short-Term Hold Scenario

For investors who wish to adopt a low capital approach to the market and dispose of their investment as soon as the property is built. The plan is to buy off-plan under market value and sell it immediately after completion. This scenario illustrates a cash purchaser and not leveraged through loan to value mortgage products.

Mid-Term Hold Scenario

This strategy is better suited to the leverage-based investor who wishes to generate income as well as capital growth.

Location

The project is located in the coastal resort of Pattaya in the province of Chonburi. Pattaya is nestled along a picturesque bay on the East Coast of the Gulf of Thailand, roughly 170 kilometres southeast of Bangkok. From a fishing village in the 1960's, Pattaya has emerged as the favourite Southeast Asian vacation centre.

In 2006, Pattaya was the premier Thailand destination for tourists, with a total of 5.8 million visitors. Moreover, tourist arrivals have increased at an annual rate of 10% since 2001, with most of the growth coming from "premium" tourism, i.e. visitors who stay in four- and five-star hotels. This segment represented 30% of all arrivals in 2006 and included growing numbers of tourists from places such as China, Russia and Korea.

Building Permit

The Pattaya Heights project has all the necessary building permits in place. This will be supplied with the purchase contracts along with all the building due diligence.

Security of Investment

It is of the utmost importance that our investors feel safe and secure with every investment made. Therefore the lawyers, Chandler and Thong-EK, will conduct extensive research and carry out full due diligence for the project.

There are four simple steps to owning a condominium in Thailand they are governed and legislated by the Condominium Act. You can see all the details in the Pattaya Heights brochure.

Currency Fluctuations

It remains blatantly clear to the property investor that possible fluctuations within the Baht/major currencies exchange rates will have little and limited impact upon investment profitability due to Thailand's progressive policy development and strong economic foundations.

In December 2006, the Bank of Thailand introduced capital control policies to reduce the pace of the baht appreciation. Although most of these controls proved temporary, the impact on market confidence lingers. "Signals from the Government that there is a coherent plan to address these pressures at their source would help to reassure the market that a re-imposition of capital controls is unlikely," said World Bank Lead Economist for Thailand, Kazi M. Matin.

To further insulate clients from possible currency fluctuations and any associated risk to investment, Obelisk have partnered with XchangeBusiness, a prestigious UK Forex company, to provide FOREX services for the Pattaya Heights project.

Legal

Obelisk are partnering with Chandler and Thong-EK. Recognised for their excellence in international project financing, the International Financial Law Review (IFLR) awarded the company the "Thai Law Firm of the Year" in 2007, for the seventh consecutive year. An internationally recognised legal firm, the company has been operating for over 30 years in Thai business and finance legal practices. Renowned for their extensive consulting experience in Thailand encompassing a variety of fields including corporate, commercial and financial transactions, covering areas such as investment funds, real estate projects, foreign investments and related tax issues. The company will provide advice throughout the purchase process aiding decision making relating to tax issues, regulation and all legal requirements. They have conducted full legal due diligence and they have negotiated the best possible deal for our investors.