There’s a low demand for condominiums in the coastal areas of Hua Hin, Cha-am and Khao Tao. Only two new projects for sale were launched in the resort communities last year. Hua Hin, a seaside resort district in Prachuap Khiri Khan, about 3 hoursdrike south of Bangkok, is still a popular vacation spot, however, condominium sales there remained low throughout 2021.
Due to Covid-19, developers in the area are taking a wait-and-see approach before beginning new projects.
From 2008 to 2021, a total of 28,055 units were installed in the communities.
Around 58% were in Phetchaburi’s Cha-am, 11% in Prachuap Khiri Khan’s Khao Tao, immediately south of Hua Hin municipality, and 13% in Khao Tao. Within the Hua Hin municipality, only one project was launched for sale last year. The project was a 136-unit condo on Soi 94. Out of the 28,044 units in the three communities, 20,571 were sold in 2021, making the sales rate of that year 73%. The rate in 2020 was similar.
There is nearly no beachside land available for development in Hua Hin. Some beachfront land is up for grabs in Cha-am, however, Cha-am is less convenient and popular than Hua Hin. Instead, more land is available in inland, hilly areas in Hua Hin.
Check out properties in Hua Hin at the moment HERE.
SOURCE: Bangkok Post
Join the conversation and have your say on Thailand news published on The Thaiger.
Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.
Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.