Siam Penthouse 3 is a low-rise condominium development located in North Pattaya, within walking distance of Wongamat Beach. The project is known for its relatively large unit sizes compared to newer developments in the area, making it suitable for both long-term rentals and owner-occupiers.

Completed in June 1985. The condominium consists of 12 floors and 128 units.

Unit Types
The development offers a range of layouts:

Studio units
1-bedroom apartments
2-bedroom apartments
Larger 3-bedroom units in select layouts

Units generally provide more usable living space than newer condominiums, with many featuring balconies. Some units may have been renovated, while others remain in original condition—this creates a range of price points and value-add opportunities for investors.

Facilities

Communal swimming pool
Garden areas
Parking
24-hour security

Facilities are basic compared to modern developments, but maintenance fees are typically lower as a result.

Location
Situated in the Wongamat/North Pattaya area, the project benefits from:

Walking distance to Wongamat Beach
Easy access to central Pattaya and Beach Road
Close proximity to restaurants, convenience stores, and local amenities
Reasonable access to Terminal 21 Pattaya and main transport routes

The location supports both holiday and long-term rental demand, particularly from tenants seeking quieter surroundings compared to Central Pattaya.

Investment Considerations

Entry Price: Generally lower per square meter than newer developments in Wongamat
Rental Market: Strong demand for larger units, especially for long-term tenants
Yield Potential: Moderate, with upside through renovation and repositioning
Resale Liquidity: Steady, though influenced by building age and unit condition
Maintenance Fees: Typically lower than newer projects

Summary
Siam Penthouse 3 appeals to investors looking for larger unit sizes at a competitive price point in a well-established Pattaya location. While it does not offer modern luxury facilities, it provides practical living space and consistent rental appeal, particularly in the mid-market segment.