Condo glut in Cha-am likely to persist

[Ratsima]

Bangkok Post: Condo glut in Cha-am likely to persist

As of the first quarter of 2024, the condo supply in Cha-am tallied 9,420 units worth a combined 42 billion baht, with a sales rate of 66%.
As a result, more than 3,200 units worth 14.3 billion baht remain unsold.

<snip>

Charn Issara had 491 units worth 1.87 billion baht remaining unsold at one of its Thew Talay projects

I have a unit at Thew Talay. Most days it's like ghost town.

[Dannie Boy]

Bangkok Post: Condo glut in Cha-am likely to persist

As of the first quarter of 2024, the condo supply in Cha-am tallied 9,420 units worth a combined 42 billion baht, with a sales rate of 66%.
As a result, more than 3,200 units worth 14.3 billion baht remain unsold.

<snip>

Charn Issara had 491 units worth 1.87 billion baht remaining unsold at one of its Thew Talay projects

I have a unit at Thew Talay. Most days it's like ghost town.

The single biggest project is The Energy - I don’t know how many units remain unsold but that too, is like a ghost town most of the time.

[Big Boy]

I wonder how many units remain unsold at The Ghost Town Energy, or Seaside City as it has been re-branded.

Is that Hua Hin or Cha-Am? If Hua Hin, it must put the 'Robust' into doubt.

[Big Boy]

HaHa Dannie Boy - great minds and all that

[Ratsima]

The single biggest project is The Energy - I don’t know how many units remain unsold but that too, is like a ghost town most of the time.

I cycle and walk by there fairly often and rarely see anyone. I can't imagine anyone would take a look at it and actually want to live or stay there. It has that Soviet apartment block vibe.

[Big Boy]

I think it was originally advertised as Hua Hin.

[Ratsima]

I think it was originally advertised as Hua Hin.

That's the technique, isn't it. Even the Shell station at Thew Talay calls itself Hua Hin One.

[Dannie Boy]

I’m certain that as boundaries go, The Energy is in Cha Am rather than Hua Hin but they call them whatever they want to depending on who the target audience is.


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