Condo Projects Totalling Bt10 Bn Planned For Hua Hin

[Lite Beer]

PROPERTY DEVELOPMENT

Condo projects totalling Bt10 bn planned for Hua Hin

SOMLUCK SRIMALEE

THE NATION

HUA HIN: -- Property firms are launching more than Bt10 billion worth of condominium projects in Hua Hin in the current half of the year after launching 17 such projects worth Bt35 billion in the final quarter of 2011.

Sansiri plans to launch three condo projects in the resort city worth Bt2.6 billion in the remaining four months of this year.

Baan Ratchaprasong Co will introduce the second phase of Energy Hua Hin on 15 rai (2.4 hectares) this month after selling out its Bt20-billion first phase last year.

LPN Development plans to launch its first condominium project in Hua Hin, worth nearly Bt2 billion, in the final quarter.

SC Asset Corporation plans a second residential project worth nearly Bt2 billion in Hua Hin in the current second half, after successfully selling out its first condominium project there, The Crest Santora Hua Hin, in the first half of the year.

Sansiri president Srettha Thavisin said demand for homes in Hua Hin was growing strongly. All of the condo projects it launched there early this year have sold out. As a result, the company plans three new projects worth Bt2.6 billion during the rest of the year. The first is Baan Imm-Aim worth Bt350 million, which will launch in the middle of this month.

LPN Development managing director Opas Sripayak said the company would launch two condominium projects in the provinces in the final quarter, one of which will be in the Cha-am-Hua Hin area. The company sees strong demand for condos in this location.

-- The Nation 2012-09-04

[jingjoe8]

Im guessing this will bring the price of second hand condos and houses down even further,i have looked at a number of houses/condos and they are all overpriced and stagnant on the market,any one wanting to rent in hua hin looks like it will become even more affordable as well.

[UKJASE]

i disagree, and think that this will help the prices of property rise..... it seems hua hin is very popular and trendy at the moment, and money being spent here by construction / investors etc will no doubt help the economy here to prosper......

look at all the condos being built in bangkok, yet the prices there continue to rise.....

i think the above article is good news for anyone who is on the property ladder here...... not so sure for people renting tho.......

[hhfarang]

I think it's bad news for everyone living here as it will mean even less parking, more traffic, water shortages (and outages) and possibly electric outages. As in Pattaya and other places, the infrastructure investment never keeps up with a building/popularity boom. City planning and zoning doesn't exist here.

[PattayaPhom]

The majority of theses are not in Hua Hin but actually Cha am. Massive billboards in BKK on the expressway ''Energy Hua Hin'...its about 20k from HH and in Cha am, just as most of the developments are. Khao Takiab has seen massive development over the past 3 years and is sold out to Thais. Just because the lights are not it dosnt mean the units are not sold. Many BKK residents have bought in HH area as a holiday home. Good news for the West coast, As most of theses are being built on Petchkasem there shouldnt be a problem with traffic as the visitors dont need to get into HH town. North of HH now boasts a new Makro and also Lotus Mall at Ta Yang with numerous other outlets buing built in Cha am. I found prices similar to Pattaya but better location.

[tomat]

SC Assets just bought up the land opposite Makro for around 100 million baht, maybe that's for one of the mentioned projects, maybe for later ones, who knows

[Angritgent]

More building, where are the customers?

[hhfarang]

More building, where are the customers?

Bangkok.