We’ve just closed out a renovation-and-resale project at Baan Suan Lalana in Jomtien South – the same unit we first flagged as reserved in an earlier update. The buyer has now taken transfer, and the numbers are in, so we wanted to share them as a real, unfiltered example of what a renovation flip in this market actually looks like.
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Baan Suan Lalana Jomtien: The Numbers
- Bought: ฿1,050,000
- Renovation: ~฿250,000
- Total investment: ~฿1,300,000
- Sold: ฿1,600,000
- Gross profit: ~฿300,000
- Gross return: ~23%
This is a real example of how buying at the right price and controlling renovation costs can create an opportunity to add value to a Pattaya condo. Of course, the final net profit in any deal like this depends on transfer fees, taxes, holding costs, the actual renovation scope, and other selling expenses – the figures above are gross, not a guaranteed outcome.
A Singapore Investor’s Choice: Pattaya Condo vs Bank Savings
The investor behind this project is from Singapore. Rather than leave savings in a Singapore bank account earning a low rate, they chose to put the money to work in a Pattaya condo: buy a dated unit, renovate it and resell it. Flipping at home in Singapore is hard because of stamp duties, so Pattaya offered a practical alternative. Read the full guide: how to flip a condo in Pattaya as a foreign investor.
About Baan Suan Lalana
Baan Suan Lalana is a long-established (1991), low-rise mixed development in Jomtien South, about 0.7 km from Jomtien Beach, offering both condo units and larger houses within the same gated project – which is part of why older, dated units here can still be bought below market and brought up to a modern standard. It sits within our wider Jomtien condos for sale and rent coverage, alongside Laguna Beach Resort, Seven Seas Condo Resort and Dusit Grand Park.
More Renovation Projects
This is one of several renovation projects Dynasty’s in-house team has completed or has under way around Pattaya. See our full Pattaya property renovation page for the services we offer and for updates on our current project at Chain Condominium, Jomtien. Back in the same development, our team has also just completed built-in wardrobes and a bathroom vanity at Baan Suan Lalana for another owner.
Baan Suan Lalana Flip: Frequently Asked Questions
How much profit did this Baan Suan Lalana flip make?
The unit was bought for 1,050,000 THB, renovated for about 250,000 THB and sold for 1,600,000 THB. That is a gross profit of roughly 300,000 THB, or about 23% on the total outlay, before transfer fees, taxes, holding costs and selling expenses.
Why are Baan Suan Lalana condos good for renovation?
The project dates from 1991 and sits back from Beach Road, so many units are dated and priced below the beachfront towers. Condo studios and 1-bedroom units are typically around 40 sq.m, a practical size to modernise on a controlled budget.
Can a foreigner buy a condo at Baan Suan Lalana?
Yes, condo units fall under the standard rule that up to 49% of a building’s saleable area can be owned freehold by foreigners. Quota varies by building, so ask us to confirm it for a specific unit. See our guide to foreign condo ownership in Pattaya and the related guide to flipping property in Thailand.
Thinking About Buying a Condo in Pattaya to Renovate, Rent or Sell?
We run an in-house renovation team alongside the agency, so we handle sourcing, renovation and resale (or rental) under one roof rather than handing a project between different contractors. If you’re looking at a dated unit in Jomtien, Pratumnak, Wongamat or elsewhere in Pattaya and want an honest read on renovation cost versus resale value before you commit, get in touch – we can walk through a real unit with you the same way we did with this one.
Buy • Renovate • Rent • Sell across Jomtien, Pratumnak, Wongamat and Pattaya. Contact Dynasty Real Estate at 098-403-9318, or browse current listings at Pattaya Property for Sale.
