Popular Post webfact Posted August 13, 2021 Popular Post Share Posted August 13, 2021 Picture: Bangkok Business News Knight Frank reported that only 280 condos had been sold in the entire area of Hua Hin - Cha-Am - Khao Tao in the first six months of this year. This compared to pre-pandemic levels of 1,600 units a year, said Nattha Khahapana as reported by Bangkok Business News. The slowdown is expected to continue throughout this year as investors remain cautious due to the third wave of the pandemic and the slow vaccine rollout in Thailand. Purchases this year were only 85% of levels last year indicating a continued slowdown in the sectory. Projects that were already built were offering promotions to try and ensure cashflow and new projects were on hold. -- © Copyright ASEAN NOW 2021-08-13 - Whatever you're going through, the Samaritans are here for you - Follow ASEAN NOW on LINE for breaking COVID-19 updates 4 Link to comment Share on other sites More sharing options...
Whale Posted August 13, 2021 Share Posted August 13, 2021 Pretty obvious really considering the entry restrictions for foreign buyers. The foreign sector of the market has been all but wiped out. 2 Link to comment Share on other sites More sharing options...
Scrotobike Posted August 13, 2021 Share Posted August 13, 2021 Quite difficult stats to follow - I expect there is always a lag in the purchases as these are large capital items taking time to complete. The banks must be sweating a little bit...... Link to comment Share on other sites More sharing options...
keith101 Posted August 13, 2021 Share Posted August 13, 2021 (edited) Averaging just over 10 sales a week during this Pandemic isn't to bad . You have to forget about what was and live in the now at least sales are happening . Edited August 13, 2021 by keith101 1 Link to comment Share on other sites More sharing options...
Popular Post ThailandRyan Posted August 13, 2021 Popular Post Share Posted August 13, 2021 I keep getting daily e-mails telling me that the units are going fast and if I want one i need to hurry. They keep citing the railroad expansion, the Airport and the surrounding area is building up quickly. I laugh every time I see those e-mails. Living here you have a true view of what's happening, and then I would surmise those e-mails are designed for the foreign investors outside of the country or maybe those that are naïve. 7 Link to comment Share on other sites More sharing options...
Popular Post JimHuaHin Posted August 13, 2021 Popular Post Share Posted August 13, 2021 A few days ago it was reported that foreign buyers are flooding into Thailand to buy property, and Hua Hin was one of the "hot" markets. 2 6 Link to comment Share on other sites More sharing options...
Popular Post spidermike007 Posted August 13, 2021 Popular Post Share Posted August 13, 2021 Knight Frank reported that only 280 condos had been sold in the entire area of Hua Hin - Cha-Am - Khao Tao in the first six months of this year. This compared to pre-pandemic levels of 1,600 units a year, said Nattha Khahapana as reported by Bangkok Business News. Purchases this year were only 85% of levels last year indicating a continued slowdown in the sectory. I am not a mathematician. But, according to those numbers, if you were to project out those current figures of 280 condos over the remainder of 2021, that would represent about 448 units for the year. Relative to 1,600 units a year. I think the correct figure would represent a 72% slowdown, or 28% of the former levels. Very clever of them to attempt deception by using 2020 figures, though I somehow think even those were fudged. Condo sales are not picking up anytime soon. Only the administration sponsored charts are showing the economy faring well. In reality? Ask nearly any Thai. 5 Link to comment Share on other sites More sharing options...
ukrules Posted August 13, 2021 Share Posted August 13, 2021 16 minutes ago, spidermike007 said: Very clever of them to attempt deception by using 2020 figures, though I somehow think even those were fudged. Yes, comparing to 2019 levels would be a more realistic approach. 1 1 Link to comment Share on other sites More sharing options...
hotchilli Posted August 13, 2021 Share Posted August 13, 2021 5 hours ago, webfact said: Purchases this year were only 85% of levels last year indicating a continued slowdown in the sectory. Projects that were already built were offering promotions to try and ensure cashflow and new projects were on hold. I bet some developers are getting the ring flutter right now. 2 Link to comment Share on other sites More sharing options...
natway09 Posted August 13, 2021 Share Posted August 13, 2021 Bit surprised that they sold that many 1 Link to comment Share on other sites More sharing options...
ThailandRyan Posted August 13, 2021 Share Posted August 13, 2021 3 minutes ago, natway09 said: Bit surprised that they sold that many Maybe they were bought in 2019 but the final payments went into this year making it paid in full in 2021, magic numbers.... 1 Link to comment Share on other sites More sharing options...
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