Pattaya - A safe haven for many - Green Door Enterprises

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[Published on 2011-10-27 in Thailand Newsby Green Door Enterprises]

Pattaya - A safe haven for many

As Bangkok prepares to abandon more areas due to the floods, resort towns such as Pattaya and Hua Hin are gearing up to accommodate the stricken residents. The Stock Exchange of Thailand has also seen fit to create a fallback centre in Pattaya to ensure trading can continue and to "maintain foreign investor confidence". Even so, SET president Charamporn Jotikasthira stated on Thursday that the daily trading value had sunk 30%.

Pattaya is often chosen as a great place to stay and invest in property

This mass exodus has increased visitors to Pattaya's serviced apartments and hotels, although some of the higher end hotels have seen a fall in demand. Most likely caused by cancellations from international customers.

Pattaya has remained largely unaffected by the recent turmoil in the central and northern parts of Thailand and seems to suffer much less from heavy rains. That is not to say that Pattaya never floods - it does. But it is often only a few hours before the rain water drains away. 

Said to be in its own micro-climate, Pattaya boasts more clement weather than much of the rest of Thailand - An oft-stated reason why Chonburi was selected as the site for Utapao airport, and another reason why Pattaya is often chosen as a great place to stay and invest in property and real estate.


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