A large development company "Honor Group" is investing in the construction of a multifunctional empire in the center of Pattaya.
Chonburi Province is an industrial and tourist center, one of the three provinces of the Eastern Special Economic Development Plan (Eastern Economic Corridor), thanks to which the province receives large state benefits and investments from both foreigners and Thai businessmen.
Is it possible to make Chonburi a "port city" like Osaka in Japan?
Chonburi, in particular Pattaya, continues to grow and develop thanks to investments and the development of the real estate sector. Entrepreneurs still believe in the potential of this place, and it is important that the government invest more in the development of Chonburi, one of the three provinces in the region, as a model for strategic spatial development.
New major projects are constantly emerging in the region, for example, a high-speed railway project connecting 3 airports (Don Mueang–Suvarnabhumi–U-Tapao). 100% of the area has been transferred to realize this project. Other major projects are the Laem Chabang Port project and the U-Tapao Airport project, etc., including projects for the development of public transport in Pattaya, such as the light rail project (monorail) to serve passengers traveling by high-speed trains to the Pattaya area and the NEO PATTAYA project, etc.
Chonburi has the opportunity to become not only a tourist province but also an important port center comparable to Osaka.
As for Honor Group's real estate development opportunities and plans, in addition to the off-plan projects, marketing and sales, the company also plans to expand the development of both high-rise and low-rise real estate projects. The company continues to build in Pattaya, including hotels, shops and condominiums. The total cost of the project is over ฿3 billion. The project includes the ONCE PATTAYA condominium, which is a 32-storey building with 427 residential apartments, the usable area ranges from 28.4 to 201 m2. The average price is ฿140,000 per m2. The total cost of the project is approximately ฿2 billion. Nowadays, about 70% of apartments have been sold in ONCE PATTAYA. There are both Thai and foreign buyers.