http://www.bangkokpost.com/breakingnews ... pply-slows
(interesting chart showing sales and demand over the last 10 years) (also says the new high speed rail link is on a 100 rai plot near hua hin airport)
"The take-up rate of Hua Hin condos was never less than 63% from 2003-10.
But in 2011, it dropped to 45% due to 6,889 new condo units being launched that year.
That number broke the 2007 record of 2,121 newly launched units.
"A take-up rate of 40% is still acceptable. But if it drops to 20-30% or 6,000 new units are launched this year, it will be dangerous to the market, with a possible drop in selling prices," Mr Khan warned.
Knight Frank research showed 4,709 new condo units were launched last year, down from 6,889 in 2011.
The accumulated condo supply in Hua Hin as of last Dec 31 totalled 18,102 units, an increase of 35.2% from the end of 2011.
The take-up rate improved to 49% last year from 45% in 2011."