Prices expected to see steep increase Growing demand for homes in Hua Hin is presenting a challenge for property developers as both local and foreign buyers seek condominiums in the area, property agencies said. Risinee Sarikaputra, Knight Frank Chartered (Thailand)’s associate director of research and consultancy, said beachfront condominiums would…Continue reading
Thailand’s Charn Issara Development (CI) has revealed plans to develop two new projects in resort towns Cha-am and Hua Hin in response to growing demands from both local and overseas buyers. The first project in Cha-am will be a mixed-use development worth THB1.7 billion (US$56.84). The company will co-invest with…Continue reading
Hua Hin’s property market is shown signs of recovery with new project launches and increased sales on existing projects. As reported in the Bangkok Post, the market slowed down due to global economic recession in late 2008. Although demands from Thai buyers seeking holiday homes remained active, foreign demand seemed…Continue reading
Foreign demand for real estate in Phuket and Hua Hin is recovering, says Duangjai Kraus, executive chairman of the property broker Double 8 Realty Co, Ltd, city resale condo market also thriving. Most inquiries are coming from potential buyers in Europe, said the master licence partner of Engel & Volkers…Continue reading
About 90% of beach land in Phuket is controlled by foreigners through Thai nominees, a leading research body has found. Continue reading
Foreign demand for Thai property will collapse in the aftermath of the Songkran protests, property experts say. They say the government needs to implement measures to spur foreign demand, such as increasing maximum lease terms, having 100% foreign ownership zones for condominiums, providing financial support for foreign buyers, and issuing longer visas. Continue reading
Residential projects that are worth more than Bt10 billion in resort destinations like Phuket, Krabi, Hua Hin, Pattaya and Koh Samui have been put on hold now that demand from foreign investors is showing a significant drop since last year. Continue reading
International property agency Knight Frank Chartered (Thailand) has set aside a Bt50 million budget for an aggressive marketing campaign to boost sales and achieve a target of between Bt2.5 – Bt3 billion. The plan follows a tough period which has seen a drop in both domestic and foreign buying.
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uxury residential and villa projects in Hua Hin have begun aggressive marketing campaigns following a 30-per-cent drop in buyers – both domestic and foreign – in the first quarter of this year, compared with the first quarter of 2008. Continue reading
Declines in the prices of land and residential projects have prompted some foreigners to expand their investments in Thailand’s property market, especially condominiums. Continue reading