Please visit our partner websites for more info on Hua Hin and the area: Tourism Hua Hin | Expat Hua Hin | Hua Hin Map | Hua Hin Property | Khao Takiab | Bangsaphan Guide | Ban Krut Info

Sincere Group launches first residential project in Hua Hin

Ask here about the pleasures and pitfalls of buying, selling or renting property and real estate in Hua Hin. Building, design and construction topics welcome. Commercial or promotional posts for real estate companies or private properties are forbidden.
SPONSORS: Hua Hin Property
User avatar
Posts: 15101
Joined: Tue Dec 31, 2002 12:25 pm
Location: south of sanity

Sincere Group launches first residential project in Hua Hin

Postby buksida » Wed Oct 05, 2016 7:58 am

Real-estate developer Sincere Group is embarking on its first residential project in Hua Hin, X2-Hua Hin Oasis, worth nearly Bt300 million, while planning two luxury projects in Bangkok.

Chayaphon Hunrungroj, managing director of Sincere VP Co, said X2-Hua Hin Oasis would consist of 23 pool villas and that prices would range from Bt14 million to Bt17 million per unit.

The company had not planned to launch the first phase until next April, but it has already secured sales of eight units. The second phase will go on sale in the final quarter of next year.

He said the cost of property in Hua Hin was usually lower than in other major destinations such as Phuket, Koh Samui and Chiang Mai, mainly because of lower land prices, but return on investment (ROI) was higher because average room rates at hotels in Hua Hin are higher.

A survey by the group found that hotel room rates in Pattaya were 20 per cent lower than in Hua Hin on average, and in Chiang Mai rooms could be had for only half the cost of equivalent Hua Hin units.

"The strong point for Hua Hin is cheaper investment. Hua Hin is the No 1 family destination, which means the tourism business is not seasonal like in other cities. More than 60 per cent of its tourists are [Thais], and they travel to Hua Hin throughout the year," he said.

Source: ... 96852.html
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
Get out there: On The Road Asia

User avatar
Rock Star
Rock Star
Posts: 3598
Joined: Tue Aug 08, 2006 6:15 am
Location: California is now in the past hello Thailand!!

Re: Sincere Group launches first residential project in Hua Hin

Postby migrant » Wed Oct 05, 2016 8:02 am

From the way the company talk they are targeting the vacation market. At Bt 14-17 million, that's a lot of vacation home investment!
The essence of life lies with the dispensing with of formalities

Rock Star
Rock Star
Posts: 3443
Joined: Sun Sep 11, 2005 8:53 pm
Location: hua hin

Re: Sincere Group launches first residential project in Hua Hin

Postby JW » Wed Oct 05, 2016 9:41 am

The plans look nice but very small plots for a lot of cash - I wonder whether the numbers add up. BKK investors will be the doubt.

Return to “Property & Real Estate”

Who is online

Users browsing this forum: AdrianK, Apple Inc [RSS], barrys and 5 guests

  • Hua Hin News Ticker

  • Latest Topics