Need comment from property expert;

[little imp]

I've see condo Tropical Ocean View. Seem to be a good price. Really like it. BUT!!! Why not many people buy.!!! Should i buy it.

[Big Boy]

I am by no means a property expert (far from it); but looking at their website, they seem very poky ie you don't get much floorspace for your money.

I would say if you are looking for somewhere to crash while on holiday, they could suffice. If you're looking for somewhere to retire long term, you had better not suffer from claustrophobia.

The AO units are not mich more than a glorified shoebox.

[caller]

Also as has been mentioned elsewhere, there seems to be a number of this type of 'project' springing up in the area, both on the coast and inland.

Maybe supply outweighs demand?

That gap will only get bigger if the ripples from the credit crunch elsewhere hit LOS.

[Jockey]

I am by no means a property expert (far from it); but looking at their website, they seem very poky ie you don't get much floorspace for your money.

.

The price per square metre compares very well with other projects. Price per square metre for a condo in Hua Hin can be up to 130,000 thb a square metre. An average condo on or close to the beach is between 65 to 75,000 thb per square metre. Tropical Ocean View are selling at between 40,000 to 60,000 thb per square metre. I don't claim to be an expert either, but you have to check price per square metre to compare value. Of course location and quality of build must be taken into consideration. Most condos at TOV are 2 bedroom 91 square metres. Studios are 46 square metres and you can buy bigger, up to 183 square metre which is hardly "poky"!

[Big Boy]

Fair comment Jockey, but I focused on:

Seem to be a good price

and

Why not many people buy

From that I deduced the OP was wondering why people were not biting the developer's arm off to buy these bargains.

I still maintain the cheaper prices refer to glorified shoe-boxes, which are totally unsuitable for a retirement home. Yes, there were the Penthouse apartments, but I did not think the OP was referring to those.

I suppose with just 25 words in the OP, misinterpretation is easy

[Nereus]

[quote="
I suppose with just 25 words in the OP, misinterpretation is easy [/quote]

I believe that the OP is a Thai person Big Boy, so the size of the units are probably not the primary consideration.
Interesting how there is such a big range in the price per square metre, and I asume that is more related to the quailty, rather than the area.

[caller]

Has anyone thought a factor might be how dated and undistinguished the building design is?

[caller]

[quote="

I believe that the OP is a Thai person Big Boy, so the size of the units are probably not the primary consideration.

Hi Neerus,

Genuinely, I don't understand what you mean by the above - could you explain please?

Thanks.

[Nereus]

[quote="

I believe that the OP is a Thai person Big Boy, so the size of the units are probably not the primary consideration.

Hi Neerus,

Genuinely, I don't understand what you mean by the above - could you explain please?

Thanks.

The lady OP is a Thai. She is not looking for a Condo to retire in. I am sure she means is it well built, a good position etc., rather than the phyiscal size of it.

[Super Joe]

Do you know what % of the units have been sold Little Imp ?
The market is quiet, is it selling particularly slower than others ?

The m2/cost does seem attractive, is it too close to the airport ? I know there's only a few flights now but I'd be concerned more routes might open up as the town is getting busier.

SJ

[caller]

The lady OP is a Thai. She is not looking for a Condo to retire in. I am sure she means is it well built, a good position etc., rather than the phyiscal size of it.

Okay, as an investment, or holiday place then? Thanks.

[lockwood74]

I would hold a little longer, as I believe it is only a matter of time before Asia will catch a cold from the credit crunch.

Prices will come tumbling down as they are here in the Uk abd with most western developed countries. The market in Hua Hin is predominantly driven by norther Europeans, the cash is drying up and there are far too many projects that will be feft in the hands of estate agents and ultimately they will be forced to sell.

Also the Baht is likely to fall further in the next quatrer, giving you more buying power when exchanging your currency.

[Brit Jim]

Hi there

I had a quick look at the brochure to these and the AO units do seem quite cheap but seem really small. Maybe as a crash pad they would suffice?? The development does seem to be selling really slowly!


I think LockWood has the right idea. I really think that the prices over there will drop. Here in the UK the credit crunch is really hitting us now. I just got my house valued down in Devon hoping to sell and I was shocked how much the value has dropped just in a few months. Also repossessions are growing in numbers quite sad really!

[kendo]

Umm, the credit crunch in the U.k in June the number of new mortgages 24,000 the lowest number for 20 years.

I have had my house on the market for nearly 5 months have dropped the price 25k nobody viewing only had 7 viewings the whole time.

Looking at the stats on Right Move last week, only 117 houses have sold in my post code this year the only reason i am going to leave it on the market is i have paid £350 plus v.a.t for the HIP (home information pack) i think this crunch is going to go on for a few years and even the government have got there forcasts wrong.

[Guess]

...............................Prices will come tumbling down as they are here in the Uk abd with most western developed countries. The market in Hua Hin is predominantly driven by norther Europeans, Also the Baht is likely to fall further in the next quatrer, giving you more buying power when exchanging your currency.

Where does this information come from. There are many sources and all different. According to the three sources I have seen the house prices in Greater London are still rising although last quarter the rise dropped to par with inflation. There have been a few quarterly adjustment drops in the Home Counties but not annually that I can see. As for the country as a whole a drop has been recorded of 3% and that looks like it might increase this year.

The Thai Baht has been falling back to its natural pound level for three months. Over the last two years (from memory) it has been mostly between 65 and 70. I know there have been peaks and troughs of 58 (new year) and 71 (last year sometime) but these are just caused by dealers and speculators. I see no sign of a major drop in value quite yet.

What do you mean by Northern Europeans exactly and where did that information come from regarding their domination of the market?