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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
Strong demand for luxury residential properties in Phuket has driven the resale price up 100 per cent between 2004 and now, Surin Hill Development’s deputy managing director Wanwipa Horbut said.
The listed developer Sansiri Plc (SIRI) plans to develop 300 units of high-end single houses worth 5.4 billion baht next year with an investment of around 800 million baht for new land plots in the Srinakarin, Ekamai-Rarm Intra and Kallapapruek areas, says Samatcha Promsiri, the company’s assistant vice-president for marketing.
Hua Hin is still a promising market for luxury residential development with two developers launching single houseHua Hin is still a promising market for luxury residential development with two developers 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 Trakiab.
Every unit in Sansiri´s latest Bangkok condominium project have been sold out a full five months before construction is scheduled to start.
Units in the 31-storey Hive, set to be built on the doorstep of Charoen Nakorn BTS station, started from Bt2.9 million and ranged in size from 40 to 99.5sqm. The development will include a swimming pool, garden, fitness room and concierge service.