Thailand Property Blog > Hua Hin Condominium Development set to expand immensely

Hua Hin Condominium Development set to expand immensely

Major property developers in Thailand are looking to invest heavily in Condo developments in Hua Hin in 2012 – 2013.

It is projected that around 8000 residential units are set to be developed at a value of around THB 50 Billion (US$1.65 Billion)

These units will mostly be targeted at the domestic market as access to Hua Hin from Bangkok is a very straight forward journey and a massive selling point.

Construction on Baan Ratchaprasong condominium complex named (Energy Hua Hin) is set to begin this year, the project is worth THB 10 Billion (US$330 Million) and when finished will have 5000+ units. Priced in the medium to low range bracket with units starting at 1.7 Million THB to 7 Million THB.

The 8 storey project will consist of 33 separate buildings as well as featuring a Luxury 177 room hotel resort in the same location.

Sansiri Development Company are developing a low rise Condo project named (Chelona) at Koh Tao Beach which is set for completion late next year, comprising of 174 Units.

SC Asset Corporation are set to launch a Condominium project in Hua Hin later this month with a value of an estimated 2 Billion THB (US$66 Million) and also in the latter part of the year will launch Detached home and townhouse projects in the area.

Issara United, a joint venture between Charn Issara and ICC International have recently launched a Condominium project called (Baan Thew Thalay) worth 2 Billion THB (US$66 Million) The second phase of the project will begin later in the year when they have reached 40% sales of the total project value. This will also feature a Community shopping mall, a hotel as well as detached homes and townhouses. The project is worth an estimated 10 Million THB and will take around 5 years for completion.

Land in Hua Hin and particularly Beachfront areas is becoming increasingly limited pushing prices extremely high with prices rising at an average of 15-20 % per annum and Prime beachfront land is now fetching prices of about 50 Million THB (US$1.6 Million) per Rai.

Beachfront land in Cha Am is selling at present at around 30 – 35 Million THB per Rai an increase of about 20% on last years prices.

About Lee Phillips

CEO of The Thailand Property Showcase Co (Hua Hin) specialists in real estate and property sales and rentals

Comments are closed.