Mature Developments

There are a number of mature housing developments in the region which have a great deal to offer and are a quicker and less risky investment since the home is already built. The standard of the properties varies from those in need of refurbishment to others which have already been brought up to date to modern standards, and the price tends to vary accordingly.

The advantages of selecting a home on a mature development are as follows :

• Buying “off plan” on a new development always has an element of risk that the project may never reach completion and you will be left with a half built house on a building site. Take care to ensure that you don’t deal with risky first time developers who don’t have the capital to complete the project without relying on deposits and stage payments from a high percentage of prospective purchasers.
• Mature developments are already built and complete, over any teething problems, and come with a proven track record of maintenance
• Mature developments are often sited in prime locations which are no longer available to new developers, who consequently have to settle for second best
• With a mature development you can move in straight away and not have to face a long wait for the holiday home or condo to be built and the infrastructure and communal facilities to be completed, as is the case for many properties which are sold “off plan” from a housing/condo developer
• With a mature development you can see the property in real life prior to purchasing, not just an image or plan of it in a housing developer’s brochure which often make it out to look better than it will ever look in real life
• Maintenance fees tend to be less than those for newer developments
• Most mature developments tend to be far more spacious in design and have far more extensive grounds and facilities than the tightly packed new developments
• The house and condo prices are usually nowhere near as high as for new developments, for which you pay a premium despite the risk, wait and inconvenience
• It is sometimes possible to pick up a real bargain and thereby have plenty of money to spare to refurbish the property to your tastes with the most expensive appliances, yet still pay nowhere near as much per square meter as that for a new development with the same space
• Taking into account the numerous advantages above, the upshot is that properties on mature developments generally represent much better value for money than new developments

You can view some of these mature developments via the SPT Google map on the following pages…

• Rock Garden Beach resort estate : villa bungalows
• Hin Suay Nam Sai resort estate : house and condominium apartments
• Tantarin : townhouse
• Wang Kaew park : house and condominium apartments