Land Prices in the EEC Continue to Soar – Banglamung (Pattaya) +126.5%

4 August 2025

📈 Land Prices in the EEC Continue to Soar – Banglamung (Pattaya) +126.5%

In Q1 2025, the price index for undeveloped land in Thailand’s Eastern Economic Corridor (EEC) rose by 24.9% year-on-year. The most significant spike occurred in Banglamung, Chonburi Province (including Pattaya), with a record increase of +126.5%.

📊 Foreign investment in the region reached THB 47 billion (+31% YoY), driven primarily by investors from Japan, China, and Singapore. They are acquiring land for factories and workforce housing.

🏗 Top 5 regions with the highest land price growth:

Banglamung, Chonburi: +126.5% – demand from foreign buyers, condo developers, and residential projects.
Si Racha, Chonburi: +88.6% – popular among Japanese investors, focus on mid-to-high-end housing.
Ban Khai, Rayong: +47.9% – growth in industrial and energy sectors makes land scarce.
Mueang Chonburi: +33.5% – activity in commercial and low-rise development.
Pluak Daeng, Rayong: +11.2% – close to industrial zones, ideal for warehouses, factories, and worker housing.

🔻 The only declining area: Chachoengsao (–13.5%), where developers paused new projects due to market uncertainty.

📌 The EEC (Eastern Economic Corridor) is Thailand’s key industrial growth zone, covering parts of Chonburi, Rayong, and Chachoengsao. The government offers tax breaks and incentives to attract investment in logistics, high-tech production, and energy.