Seduction of the sea drives Hua Hin condominium surge
No let-up is in sight in demand for residential properties in the town as it is driven by a diverse and growing market, although a spike in new units in the first half of 2013 could mean time is needed to absorb new supply
More than 4,500 new condominium units were launched in Hua Hin in the first half of this year alone, bringing total supply to 22,619 units. On the demand side, sales rose to 52% of new units launched, from 49% the previous year. The Hua Hin condominium market is destined to grow further, given favourable factors including the government's increased promotion of the city and Cha-am as seaside resort destinations for foreigners, and plans for a high-speed rail line and Motorway Route 8 to make travel from Bangkok faster.
COAST BOAST: Pran Buri, south of Hua Hin, is expected to become an increasingly popular resort area, with condominium development reflecting the increased interest. PHOTO: BANGKOK POST ARCHIVE
As well, new retail and commercial attractions continue to be developed in the area to serve the rising number of tourists as well as the increasingly affluent local population.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.