Demand from Thai, Chinese and Russian buyers sees price of beachfront land in Hua Hin hit 150 million THB per rai: Colliers

[webfact]

 

By Online Reporter

 

Demand for beachfront condominium units in Hua Hin has meant the price of land along the beach can be as high as 150 million baht per rai. 

 

Mr. Phatarachai Thaweewong, Director of Research and Communications at Colliers Thailand said that the price of beachfront land in Hua Hin has forced developers to find alternative locations closer to the town centre and away from the seafront in order to build condominiums.

 

Over the last ten years, the condominium market in Hua Hin, Cha-am, and Pranburi has seen a total supply of 71 new condominium projects, 29,152 units, with a total development value of 123,700 million baht, Mr. Phatarachai said.

 

The growth in the local condominium market can be traced back to 2011and 2012, Mr. Phatarachai said, where between 7,000-8,000 were sold each year. 

 

Full story: https://www.huahintoday.com/hua-hin-news/demand-from-thai-chinese-and-russian-buyers-sees-price-of-beachfront-land-in-hua-hin-hit-150-million-thb-per-rai-colliers/

 

-- © Copyright Hua Hin Today 2022-08-10

 

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[Lucky Bones]

Sounds fair game.

Just checking my life expectancy to determine future pension income.

 

Oh! A tad short by maybe 125M baht.????????

[Peterw42]

6 minutes ago, webfact said:

Demand for beachfront condominium units in Hua Hin has meant the price of land along the beach can be as high as 150 million baht per rai. 

Yes, the same as Bitcoin "can be" $60,000 US.

 

[proton]

How do Chinese and Russians buy land?

[ezzra]

22 minutes ago, proton said:

How do Chinese and Russians buy land?

By forming Thai registered companies where by they are the main share holdergers, been done for many years that way...

[Peterw42]

23 minutes ago, proton said:

How do Chinese and Russians buy land?

The same way any other nationality does, Thai partners, a Thai company. Very large investments have different rules.

[worgeordie]

35 minutes ago, proton said:

How do Chinese and Russians buy land?

I think the article is putting forward, due to the demand

for Condo's the price of land to build them on has risen,

not that Russians , Chinese are buying the land.

regards Worgeordie

[Rmac442]

2 hours ago, proton said:

How do Chinese and Russians buy land?

Always plenty of 'hot' money about !!

[thaibeachlovers]

2 hours ago, proton said:

How do Chinese and Russians buy land?

They can buy condos just like you and I can. The title of the thread is misleading.

[thaibeachlovers]

Last time I visited Hua Hin I attempted to walk along the beach at high tide but was unable to do so because the condos had all encroached below high tide line.

I guess a few envelopes had been passed to the usual suspects to break the law.

 

I never went back to that corrupt <deleted><deleted> place.

[thaibeachlovers]

There's miles and miles and miles of deserted beach south of Chumphon that they could build on, but as usual they'd rather destroy what was once upon a time a rather nice beachfront town, because they can siphon off get more money for it. It's all about greed.

The rot set in when they let the horrid big hotel in the town center ruin the place.

[ed strong]

5 hours ago, thaibeachlovers said:

There's miles and miles and miles of deserted beach south of Chumphon that they could build on, but as usual they'd rather destroy what was once upon a time a rather nice beachfront town, because they can siphon off get more money for it. It's all about greed.

The rot set in when they let the horrid big hotel in the town center ruin the place.

building where theres no other buildings or infrastructure isnt generally the best business plan.

 

First job is to knock down all those illegal restaurants in between the hilton and the pier.

[BusyB]

8 hours ago, proton said:

How do Chinese and Russians buy land?

Corporate investments I guess looking at the sums involved.

[DaLa]

Futile effort to revive  the market. They might be building them , and they may have been selling 7,000-8000 units a year back in 2012. Meanwhile , of the 5997 units for sale at the Energy Cha Am, 5990 still remain for sale.

[Peterphuket]

44 minutes ago, DaLa said:

Futile effort to revive  the market. They might be building them , and they may have been selling 7,000-8000 units a year back in 2012. Meanwhile , of the 5997 units for sale at the Energy Cha Am, 5990 still remain for sale.

And even the main building looks like is not finished yet, and apparently there are no more activities to see, I noticed today.

A terrible complex.

A few pictures to get an impression of the complex

Edited August 10, 2022 by Peterphuket

[cardinalblue]

Off the bat they mix land value and foreign condo purchasing…another poorly written article

[Graham8888]

3 hours ago, Peterphuket said:

 

And even the main building looks like is not finished yet, and apparently there are no more activities to see, I noticed today.

A terrible complex.

A few pictures to get an impression of the complex

What a hideous monstrosity- looks like the ugly blocks in shenzen

[PETERTHEEATER]

5 hours ago, ed strong said:

First job is to knock down all those illegal restaurants in between the hilton and the pier.

Ooh.......go wash your mouth out........????

[Bday Prang]

I cannot understand why anybody would even consider living in Hua Hin and as for Cha am , words fail me

[hotchilli]

23 hours ago, webfact said:

Demand for beachfront condominium units in Hua Hin has meant the price of land along the beach can be as high as 150 million baht per rai.

Gouging again, the price will be passed onto the consumer who may say no thanks...

[portlandtree]

Time to pass a new law no  foreigner allowed to purchase land not even thru Thai investors then also can’t build condos here only by thai companies with Thai workers only. Puts Thais back in charge in their country and will keep prices low so Thais can afford it after all there will be many more Thais super poor if this keeps up not just super poor but homeless, beggars and etc.

[portlandtree]

Well I hope this place will end up half butt finished like all over Thailand concrete skeletons. They buy and buy and build and build half way they realize it’s not profitable so Walk off and let it turn to black mold the concrete. Quite an eyesore then prices will drop again what a vicious cycle 

[ThailandRyan]

On 8/10/2022 at 10:18 AM, thaibeachlovers said:

Last time I visited Hua Hin I attempted to walk along the beach at high tide but was unable to do so because the condos had all encroached below high tide line.

I guess a few envelopes had been passed to the usual suspects to break the law.

 

I never went back to that corrupt <deleted><deleted> place.

What a small section of the beach? or are you posting all of Hua Hin with the same broad brush....

[ed strong]

4 hours ago, ThailandRyan said:

What a small section of the beach? or are you posting all of Hua Hin with the same broad brush....

Even such a small section makes it impossible to walk from hilton down towards the kings palace beach when the tide is high, irrelevant if its small section as it effects the whole beach.

[thaibeachlovers]

16 hours ago, ThailandRyan said:

What a small section of the beach? or are you posting all of Hua Hin with the same broad brush....

LOL.

Have you even tried to walk along the beach at high tide?

If that photo in the OP is actually of Hua Hin, you can see for yourself the encroachment at left side where the embankment does a right angle towards the sea.

Hardly a small section of the beach.

 

Only on the southern beach, and the bit where the palace is wasn't encroached when I was there.

However, encroachment is illegal, far as I know, so how was it allowed?

[ThailandRyan]

6 hours ago, thaibeachlovers said:

LOL.

Have you even tried to walk along the beach at high tide?

If that photo in the OP is actually of Hua Hin, you can see for yourself the encroachment at left side where the embankment does a right angle towards the sea.

Hardly a small section of the beach.

 

Only on the southern beach, and the bit where the palace is wasn't encroached when I was there.

However, encroachment is illegal, far as I know, so how was it allowed?

I walk the beachfront in Cha Am, no issues, but yes the water does go up to the seawalls in some parts at high tide.  The beaches near our house in Khao Tao and in Pranburi have wide open beaches, that we walk on during high and low tides.

Edited August 12, 2022 by ThailandRyan

[freedomnow]

Russian and Chinese neighbours in a Thai condo ?

 

I think not, their national habits seem to be to shout at each other in public...add that to echoey tiled corridors - no thanks, not even for free....well free to flip it...OK !

[ed strong]

6 hours ago, ThailandRyan said:

I walk the beachfront in Cha Am, no issues, but yes the water does go up to the seawalls in some parts at high tide.  The beaches near our house in Khao Tao and in Pranburi have wide open beaches, that we walk on during high and low tides.

Why not just agree with him, rather than give examples of Cha Am beach and Khao Tao which is nothing to do with what we are discussing. Seen this on other threads rather than just agree he changes the dynamics of the conversation, strange.