Among five main tourist destinations, the property market in Cha-am, Hua Hin and Pran Buri will be the first to pick up as it relies on Thai buyers, whose sentiment and confidence have resumed after last month's coup, says the property consultant Colliers International Thailand
Sunchai Kooakachai, associate director of Colliers' provincial department, said a market recovery in these three beachside destinations on the peninsula is fastest, with condo units sized between 35-45 square metres and priced below 4 million baht, the best sellers.
"Thai buyers dominate this destination," he said. Last year the location recorded a take-up rate of 64% in the condo segment, followed by Pattaya and Phuket with 61% each, Chiang Mai (60%) and Khao Yai (55%).
"The most popular location for new property development is currently Hua Hin Soi 112 as the road is being extended to four lanes. Now it is 80% complete," Mr Sunchai said.
Land prices on this soi soared from 3 million baht a rai two years ago to 10 million, and wealthy families who bought land here include the Lippatapullop and Sarasin families.
But there is housing project on this soi named Lanaburi and owned by a Swedish investor that has been suspended and is on sale for 170 million baht.
"Foreign investors usually faced construction problem as most of them were unable to reach local construction labour," he said.
Full story: Bangkok Post
Hua Hin real estate market look set to lead recovery
Hua Hin real estate market look set to lead recovery
Who is the happier man, he who has braved the storm of life and lived or he who has stayed securely on shore and merely existed? - Hunter S Thompson
Re: Hua Hin real estate market look set to lead recovery
They must have completed about 60% since I was there last month if that is the case, virtually the whole road was a construction site."The most popular location for new property development is currently Hua Hin Soi 112 as the road is being extended to four lanes. Now it is 80% complete,"
Re: Hua Hin real estate market look set to lead recovery
I think this is referring to the Sansiri development.
Re: Hua Hin real estate market look set to lead recovery
That would make more sense as the road is a mess, I went around the bypass to avoid it and that's in a four wheel drive pick-up that's nearly ten years old!cozza wrote:I think this is referring to the Sansiri development.
Re: Hua Hin real estate market look set to lead recovery
Yea, for anyone living here it does seem a bit of PR advertising...but I have heard that the studio and 1 bedrooms in that place are selling like hot cakes...just a rumour though.
Re: Hua Hin real estate market look set to lead recovery
Is that the big multi-storey block they're building at the end of 112? If so it's not a bad location and obviously from there, the state of the rest of the road wouldn't be so important.
Re: Hua Hin real estate market look set to lead recovery
^ I think that may be the huge development on the corner of 112 and the road to Banyan.
My brain is like an Internet browser; 12 tabs are open and 5 of them are not responding, there's a GIF playing in an endless loop,... and where is that annoying music coming from?
Re: Hua Hin real estate market look set to lead recovery
Sansiri Baan Kiang Fah is the new condo (multi storey block) at the end of 112, Petchkasem really. The development on the Banyan corner is Mahasamutr which had a thread somewhere in the 'Real Estate' sub-forum.
The condo sold-out 'pre-sales', units sold before construction starting, due to 20,000 baht down payment with free iphone 5. I don't know if they released all 626 units pre-sale though.
The condo sold-out 'pre-sales', units sold before construction starting, due to 20,000 baht down payment with free iphone 5. I don't know if they released all 626 units pre-sale though.
Re: Hua Hin real estate market look set to lead recovery
The road is open now, but the multi-storey development is months/year away from opening, IMHO.STEVE G wrote:They must have completed about 60% since I was there last month if that is the case, virtually the whole road was a construction site."The most popular location for new property development is currently Hua Hin Soi 112 as the road is being extended to four lanes. Now it is 80% complete,"