The The Trust Residence Pattaya complex in North Pattaya was completed in 2019. Today, it is a fully occupied property on the secondary real estate market — one of the most volume-driven projects in Pattaya (660 units), targeting budget investors and short-term rentals.
Although initial prices started at 988,900 THB, this figure is outdated. Actual transactions now occur at levels 2.5–3 times higher, and the complex requires careful evaluation before purchase.
Current Condition (2025)
According to FazWaz and DDproperty, key considerations include:
- High density: 660 units across 8 floors — among the highest in Pattaya, straining elevators, parking, and common areas;
- Distance to beach: ~1,500 m — inconvenient for daily access; requires tuk-tuk or bus;
- Sinking Fund: check balance and contribution schedule — some delays in maintenance reported;
- HOA Management: service quality is average; complaints about cleaning, noise, and poor coordination;
- Technical condition: potential wear of plumbing, electrical, and sewage systems.
The project has no ESG certification, solar panels, smart tech, or energy-saving systems.
Resale Prices (2025)
Average resale prices:
- Studio (22.9–27 m²): 2.6 – 3.3 million THB;
- One-bedroom (35–45.8 m²): 3.9 – 4.8 million THB;
- Two-bedroom (rare): from 6.2 million THB.
Prices are lower than new builds, but require renovation budget (50,000 – 180,000 THB).
Rental & ROI
The complex is popular with short-term tourists and digital nomads:
- Average rent: 8,000 – 14,000 THB/month;
- Annual yield: 5.3–6.2% at full occupancy;
- Management: can be rented via Airbnb, Booking.com, or local agent.
High season (Nov–Apr) generates up to 70% of income.
Who Buys Today?
Demand structure (per REIC):
- Local investors: 44% — rental;
- Russians & CIS: 26% — seasonal base;
- Thais from provinces: 22% — investment;
- LTR residents: less than 4% — prefer modern, eco-friendly projects.
Pros & Cons
✅ Pros:
- Lower price vs. new developments;
- Fully furnished units;
- 24/7 security, CCTV, parking;
- Pool, gym, Wi-Fi — basic infrastructure.
❌ Cons:
- Far from beach (~1.5 km);
- High resident density;
- No modern tech or eco-standards;
- Limited appeal to international buyers.
Outlook 2025–2030
Expected:
- Stable demand from local and Russian-speaking investors;
- Possible major refurbishment via HOA fund;
- Maintaining status as budget entry-level investment;
- Gradual decline in liquidity as building ages.
"The Trust Residence is an entry point, not a destination," said DDproperty analyst Sirasak Wongsa. "It suits those looking for a simple way into Pattaya’s market, but not for long-term living."
Looking for a condo in Pattaya? My Thai Home helps you inspect the building, calculate rental ROI, and choose a reliable project. Your purchase should be informed.
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