Hua Hin Property News

Foreign property deals freezing up

Internal political problems are having a greater impact on the Thai property market than the global economic crisis, with no transactions made by foreign buyers and investors so far in this traditionally high season. Read more...

High-end developers need to create broader appeal

Real estate developers targeting foreign buyers, especially those in tourist destinations, may need to adjust their business plans to make their products appeal to a wider group of potential customers, according to executives. Read more...

JV to build Bt700m condo in Hua Hin

Property company Prime Nature Villa has established a joint venture with EG Group to develop a Bt700million condominium project in Hua Hin. Ratkai Eakpetch, managing director of subsidiary EG Construction, said yesterday that the company had bought 2 rai of land worth Bt100 million at a Prime Nature Villa site in Hua Hin. Read more...

Wealthy buyers put plans on hold

The country's protracted political turmoil has had a negative impact on the luxury property market as investors and buyers hesitate to make decisions, says a broker who specialises in marketing high-end residences in Hua Hin, mainly to foreigners. Read more...

SL plans two new projects

The medium-sized property developer SL Estate Co plans at least two new projects worth a combined one billion baht within next year, according to managing director Surin Ongvasit. The company next month plans to launch its first condominium, Amara Kao Tao Hua Hin, worth approximately 550 million baht. Read more...

Paradise for retirees

With nothing certain in life including their retirement pensions, Europeans are actively searching for good places to live and Hua Hin is emerging as a prime destination.Tapping the rising trend are the Austrian developers of The Falls Hua Hin, a 70-rai estate on a hillside in Khao Takiab. Read more...

Foreign demand lifts prices in Hua Hin

With developers expanding investment in Hua Hin in response to strong demand from foreign buyers, land prices in the district have been rising at a rate of 30 per cent a year. Property companies have poured  Bt20 billion into projects in Hua Hin over the past year. This has driven up prices of land close to the beach from between Bt5 million and Bt8 million per rai last year to the present Bt10 million per rai. Read more...

Prime Nature grows in Hua Hin market

Prime Nature Group Co Ltd plans to develop a low-rise condominium and 23 pool villas worth a combined 800 million baht to tap strong demand in Hua Hin, according to chairwoman Sunattee Nerngchamnong. Read more...

Tourism driving sales of resorts close to capital

The tourism industry continues as the main driver behind interest in Thailand's resort condominiums, with holiday destinations close to Bangkok receiving the most attention, especially from international buyers lured by attractive prices. Read more...

Hua Hin developers urged to adjust plans

Property developers in Hua Hin need to adjust their projects to meet market demand and stricter regulations on the use of local nominees by foreign buyers, says Duangjai Kraus, managing director of the German-based property consultant Engel & Volkers Hua Hin. Read more...

Luxury condo purchases driving market forward

Thailand's property market remains extremely buoyant despite a number of challenges it faced last year, while continuing to hold enormous potential for accelerated growth. The resilience is encouraging with takeup rates and numbers of completed developments rising and the price per square metre (psm) of condominiums climbing, enabling investors to achieve healthy returns. Read more...

Cash-rich buyers keep luxury real estate market healthy

The luxury property market is still strong due to healthy demand and high purchasing power, reflected in the fact that fewer than 20% of purchasers seek loans, according to Chatchai Payuhanaveechai, a senior vice-president at Kasikornbank. Read more...

Massive Nordic boom set to hit resort towns

Scandinavian investors are expected to invest up to Bt16.2 billion in residential developments in Thailand this year and the next. This money will flow into tourist destinations such as Rayong, Hua Hin, Koh Samui and Phuket, according to research by Colliers International (Thailand).
Read more...

Housing estates the biggest headaches

Housing estate projects have topped consumer complaints over the past six months, according to the Office of the Consumer Protection Board (OCPB). OCPB deputy secretary-general Niroth Charoenprakob said the office has been flooded with complaints lodged by 2,977 consumers over the past six months, with 992.64 million baht in damage caused to consumers. Read more...

Amendments to protect home-buyers

Even as Thailand's popularity as a tourist destination has seen steady growth over recent years, the number of foreigners looking to invest in real estate has also gone up. This is evident from the many new condominium projects being developed not only in and around Bangkok, but also in popular beach-front areas of Hua Hin and Phuket. Read more...

Sansiri plans Hua Hin developments

Hua Hin is still a promising market for luxury residential development with two launching single house condominium projects. The listed developer Sansiri Plc will launch its 2.06-billion-baht Baan San Suk Hua Hin on a 10-rai plot situated on the entrance of Kao Takiab. Read more...

BGH expects slower growth

Dr Chatree said the company would maintain its investment plans of two billion baht for 2008, with half going to new medical equipment and the rest for international business ventures. A 30-bed hospital in Phnom Penh, Cambodia was expected to open in September, followed by a 30-bed unit in Abu Dhabi in the fourth quarter. A 1.2-billion-baht, 100-bed facility is also under construction in Phnom Penh, as is a 750-million-baht, 50-bed project in Hua Hin. Both are to be completed within 2010. Read more...

Building a base in Hua Hin

The global impact of the sub-prime problem in the US is starting to be felt in Thailand's resort market, with with some foreign property buyers in Hua Hin either backing out or adopting a wait-and-see position, says Cobby Leathers, the sales and marketing director of Red Lotus. Read more...

Sierra delays Hua Hin project

Due to the slowdown in housing sales caused by proposed amendments to the Foreign Business Act (FBA), the Canadian developer Sierra Projects Co plans to delay the second phase of its resort in Hua Hin and focus on Vietnam's resort market instead. Read more...

Maneeya restarts projects after long break

After freezing property development since economic crisis in 1997, the property developer Maneeya Realty Co has started up operations again with a number of projects. The company plans to build a condominium and hotel project in the Phloen Chit area on its own and also work with BEC World managing director Pravit Maleenont to launch the 1.7-billion-baht Malibu Kao Tao Hua Hin comprising low-rise luxury condominiums and villas. Read more...

Real-estate broker foresees brisk growth

Acute Realty Co, a real-estate broker and the operator of Thaiapartment.com, expects its business to grow by 15% next year, from an expected transaction value of 1.5 billion baht this year. The company recently opened a new office in Hua Hin, in addition to its two offices in Bangkok, to serve rising demand for real estate in the tourist destination where many European visitors are interested in buying second homes for their own use and as investments.
Read more...

Sansiri growing in Hua Hin

Sansiri Plc continues to expand in Hua Hin with the launch of its 1.2-billion-baht Baan Nub Kluen condominium, says chairman Apichart Chutrakul. The development will have seven four-storey buildings and one seven-storey building to house 180 units at sizes between 58 and 280 square metres and prices starting from 2.7 million baht. Read more...

Beachfront property targeted

Charn Issara Development Plc anticipates strong growth in the Cha-am and Hua Hin property markets due to higher demand from both Thai and foreign buyers, says managing director Songkran Issara. Despite the market slowdown in recent months due to the low tourism season, Mr Songkran was confident that the property market would grow into next year as land plots available for future development are limited. Read more...

Big-ticket sales dwindle

Attempts to amend the Foreign Business Act this year have led to foreign investment in the Thai real estate market plunging, says Lars Lang, a partner of Thai Estate Scandinavian Company, a niche developer. Scandinavians in recent years have been active investors in Thai property, but lately the big players have become very hesitant about large-scale commitments, says Mr Lang. Individual Scandinavians are still buying but are shying away from anything costing more than seven to eight million baht. Read more...

Sansiri unit to launch cheaper Hua Hin villas

Red Lotus Property Co, a subsidiary of the listed developer Sansiri Plc, plans to develop middle- to lower-end villas under the Maya brand in Hua Hin to attract foreign buyers at a time when the baht is strong and foreign-ownership rules remain unclear. The holiday home market, especially in the high-end segment, has slowed due to concerns about the impact of the Foreign Business Act, political uncertainty and the stronger baht, said Joshua Cobb Leathers, the company's sales and marketing manager. Read more...

Hua Hin, Cha-am boom

The property mar-ket in Hua Hin and Cha-Am has grown 10 per cent this year following investment of Bt22 billion since July 2006, research by Ocean Property shows. Of the total, Bt10 billion has been invested in detached housing, Bt10 billion in hotels and resorts and Bt2 billion in condominiums.
Read more...

Hua Hin luxury demand solid

The number of new high-end property projects in Hua Hin and Cha-am grew by 5-10% during the past 18 months as Thai and foreign investors started building villas, condominiums and hotels both near the beach and in the hills, according to a survey by Ocean Property. Most of the new developments would be located in Cha-am, Hua Hin, Khao Takiab, Khao Tao, Hua Kaloke and Khao Hin Lek Fai, pushing land prices up by 10-15%.
Read more...

Ocean plans three more resorts

With strong confidence in the tourism industry, Ocean Property Co, a real-estate development affiliate of Ocean Group, has planned to develop three new projects in Hua Hin, Koh Samet and Koh Yao, according to chief executive Nusara Banyatpiyaphod. The project being developed in the second half of the year is Ocean Villas Hua Hin, with an investment of over 600 million baht. It will be located on an 11-rai site close to the company's recent hotel, the Asara Villa & Suite Hua Hin. Read more...

Thailand attracting expat retirees

Thailand is the leading home-away-from-home for expatriate retirees seeking the sunnier climes of South-East Asia, but the kingdom faces growing competition from their neighbours, a leading international property consultant said Wednesday.
Read more...

Hua Hin service centre for foreign buyers

In response to Hua Hin's growing property market, a special centre will be set this October to provide foreigners with one-stop service and educate them about property, says Sanit Boonkorsakul, the deputy governor of Prachuap Khiri Khan. He said the centre would link visitors to main government services responsible for property transactions and related issues. They are the provincial land office, commercial office, business office, labour, social welfare, local police and immigration police. The private sector would also support translation and guide services. Read more...

Helping retirees broaden horizons

Thailand's international fame as a tourism destination has also drawn a large number of foreign retirees whose special needs include managing their finances well.
Among the companies filling this niche is Global Investments (Far East) Limited, whose chief executive Neil Robbirt first came to Thailand in 1993 after being transferred here by the large brokerage in Hong Kong. The next year he decided to strike out on his own and form his investment company. Read more...

Time could be right for bargain-hunting

The lagging Thai real estate market could present a great opportunity for bargain hunters, says Martin Philips, managing partner of Engel & Volkers (Thailand) Ltd.
While markets in Hong Kong, Singapore and Malaysia have soared, the Thai market remains flat, although industry executives lately have noticed a pickup as people grow more confident of a peaceful return to an elected government. Read more...

Joe Cole snags Hua Hin penthouse

The growing property market in Thai seaside resort Hua Hin received a powerful boost on Tuesday with the arrival of England football star Joe Cole, who paid a visit to town to claim ownership of his latest piece of overseas real estate - a luxury penthouse apartment in the Hua Hin Country Club. Read more...

Golf-club villas, condos debut

Thai Nordic Property Co Ltd, a joint venture between a Thai lawyer and a Swedish investor, plans to launch sales of villas and condominiums in Black Mountain Golf Club in Hua Hin, using a membership strategy to attract foreign buyers. Read more...

New villas for rent aim for 8% return

The property developer AKA Resorts Limited will launch a new 800- million-baht luxury resort, the AKA Resort Guti Kiri Villas, targeting foreign and Thai investors with a projected yield of 8-12% a year, says James A. Ngai, the firm's director and legal counsel. Read more...

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