Nordic Terrace Condominium

Nordic Terrace Condominium is a low-rise condominium located at 352/323 Soi Pratumnak 4, Pattaya City, Bang Lamung, Chonburi 20150. Positioned in the Pratumnak area, the project offers a quieter residential atmosphere while remaining convenient to Pattaya South, beaches, restaurants, and local viewpoints. The project was completed around 2006, developed by Nordic Group, and has been recognized as a suitable option for both long-term residents and buy-to-let investors.

The project consists of 1 residential building with 7 floors and approximately 64 units. Parking is available for residents. Unit types include studio, 1-bedroom, and 2-bedroom layouts. Some units offer relatively generous living space compared with many newer condominium developments, making the project appealing for full-time living as well as holiday stays.

Main facilities include a swimming pool, fitness room, passenger lift, common area, and parking. Security features include CCTV, key card access, and on-site security personnel. Overall, the project suits buyers seeking a private low-rise condominium in the Pratumnak neighborhood with easy access to Pattaya lifestyle destinations. Property management is handled under the condominium juristic person structure for common area maintenance and day-to-day administration. A nearby project in the same area is The Riviera Ocean Drive, reflecting the continuing residential and investment appeal of the Pratumnak location.

Nordic Terrace Condominium on Soi Pratumnak 4 is positioned in a quiet residential pocket close to Pratumnak’s beach lifestyle. In 2026, its resale pricing remains noticeably below newer nearby projects such as The Riviera Ocean Drive and The Panora, making it more accessible for investors targeting long-stay tenants rather than premium short-stay rates.

• Resale price per unit: THB 1.75-2.35M for studio to 1-bedroom units, typically around 32-45 sq.m.
• Average price per sq.m.: THB 55,000-65,000
• Average rent: THB 9,500-13,000 per month on 12-month contracts (about THB 300-430 per sq.m.)

Rental Yield (sample): A 35 sq.m. unit bought at THB 2.00M and rented at THB 11,000 per month generates THB 132,000 per year. Yield = 132,000 ÷ 2,000,000 = 6.6% per year (before common fees, taxes, and vacancy).

Capital Gain outlook: With a lower entry base and a pricing “ceiling” set by newer Pratumnak launches, price growth is expected to be gradual at around 2-4% per year for well-maintained, move-in-ready units. The key risk is rental competition from newer buildings, which can pressure achievable rents unless the unit is renovated and priced realistically to sustain occupancy.