Siam Penthouse Condominium 3

Siam Penthouse Condominium 3 is located at 442 Soi Naklua 16, Pattaya City, Bang Lamung, Chonburi 20150, in the Wongamat - Naklua residential area near the beach. The project is a Low Rise condominium completed around 1989 and developed by Siam Penthouse Group. It is considered one of the earlier residential condominium developments in this neighborhood, with an emphasis on larger usable living space.

The project consists of 1 building, 7 floors, and approximately 60 residential units. Parking is available within the project for residents. Unit types commonly found in the development include studio, 1 bedroom, 2 bedroom, and penthouse layouts. One of its notable strengths is the relatively spacious room size compared with many newer condominiums in nearby locations.

Facilities generally include a swimming pool, elevator, common area, and parking. Security features include security personnel and controlled access in line with typical Pattaya residential condominium standards. The property is managed by the condominium juristic person.

For lifestyle and residential appeal, the project is close to Wongamat Beach, local restaurants, hotels, and neighborhood services in Naklua, making it suitable for buyers seeking a quieter setting than central Pattaya. For comparison with a nearby project, see Serenity Wongamat Condominium.

Siam Penthouse Condominium 3 sits in Soi Naklua 16, a quieter residential pocket near Naklua-Wongamat. In 2026, pricing is driven more by real rental demand than short-term speculation, making it appealing for investors targeting steady tenants (local professionals and long-stay foreigners). Compared with nearby premium projects such as The Riviera Wongamat Beach or Baan Plai Haad, this project typically trades at a more accessible price per sqm, which supports liquidity for resale.

• Resale price per unit (studio to 1-bed, 32-45 sq.m.): about THB 1.95-2.90M
• Average resale price: THB 68,000-78,000 per sq.m. (market balance around THB 72,000 per sq.m.)
• Average rent in 2026: THB 11,500-16,500 per month (fully furnished units rent best)

• Rental Yield example: Buy at THB 2.30M, rent at THB 14,000 per month - annual rent THB 168,000 - Yield = 168,000 ÷ 2,300,000 = 7.3% per year (before common fees and taxes)

Capital Gain view: Using a 2024 baseline of roughly THB 66,000-70,000 per sq.m. and a 2026 range of THB 68,000-78,000 per sq.m., implied growth is about 3-6% per year on average. Renovated units and better-facing stacks can exceed the range, while dated units should be priced with negotiation room to secure faster transactions.