webfact Posted December 9, 2016 Share Posted December 9, 2016 Condos in Hua Hin, Cha-am still popular By SOMLUCK SRIMALEE THE NATION HUA HIN: -- CONDOMINIUMS IN coastal tourism destinations such as Hua Hin and Cha-am can be very attractive long-term investments as they continue to be popular among local and foreign tourists, a property agency’s survey showed. A survey by Plus Property Co Ltd, a property agency arm of Sansiri Plc, said the market response rate for Hua Hin and Cha-am stood at 72 per cent, with a high demand for property in Cha-Am and Khao Takiab. Phuket real estate is also on the rise, with 50 per cent sales volume in condominium, detached homes and townhouse markets after property developers began targeting high-end customers. Full story: http://www.nationmultimedia.com/news/business/property/30301244 -- © Copyright The Nation 2016-12-09 Link to comment Share on other sites More sharing options...
ChrisY1 Posted December 9, 2016 Share Posted December 9, 2016 Oh yes....they're popular alright, just that no-ones buying them:) Link to comment Share on other sites More sharing options...
bark Posted December 9, 2016 Share Posted December 9, 2016 4 hours ago, ChrisY1 said: Oh yes....they're popular alright, just that no-ones buying them:) 72 % in Cha Am. So you are wrong, again. Same as most stories, you post. Link to comment Share on other sites More sharing options...
Retiredandhappyhere Posted December 9, 2016 Share Posted December 9, 2016 The ENERGY project near Cha-am looks beautiful and well landscaped, but I would be really interested to know exactly how many of the 6000 condos there have been sold so far. There also seem to be numerous other new condos built near Cha-am with "Sale or Rent" signs still on show after many months, plus many new "gated village" developments in progress a bit closer to Hua Hin on the canal road, each with 50 or 60 dwellings. Where are all the buyers? Link to comment Share on other sites More sharing options...
inzman Posted December 9, 2016 Share Posted December 9, 2016 Does anybody think a property agent is gonna say how bad sales are? Get real, always look at who is disseminating the information you get before you make a judgement. Link to comment Share on other sites More sharing options...
JimHuaHin Posted December 10, 2016 Share Posted December 10, 2016 Of course the " ... survey by Plus Property Co Ltd, a property agency arm of Sansiri Plc ..." is going to day good things, as Sansiri wants to make more profit by building more condos. The fact is, however, if you travel around Hua Hin at night one rarely sees lights on in more than 5-10% of condos, even on long holiday weekends and during foreign tourist high season (like, now). Friends in the real estate industry in Hua Hin tell me that very very very few new dwellings are not being sold, and that there is a huge over-supply of new dwellings. Link to comment Share on other sites More sharing options...
bushwacker Posted December 10, 2016 Share Posted December 10, 2016 2 hours ago, JimHuaHin said: Friends in the real estate industry in Hua Hin tell me that very very very few new dwellings are not being sold, and that there is a huge over-supply of new dwellings. Hmm .... "few new dwellings are not being sold" ... means that they are being sold. "there is a huge over supply" ... means that lots waiting to be sold that suggests that they are not being sold. So which is it? Link to comment Share on other sites More sharing options...
pmarlin Posted December 10, 2016 Share Posted December 10, 2016 Hope all those condo's are long term rentals or some one in government someday will hit them with the Hotel Act like what is happening in Bangkok and other places in Thailand. Link to comment Share on other sites More sharing options...
mike324 Posted December 10, 2016 Share Posted December 10, 2016 There was another news report in bangkok post couple weeks ago saying condo sales are down even in Hua Hin. But given the bad economy it seems about right, it may be attractive but I think there is more supply than demand which is the main problem. Link to comment Share on other sites More sharing options...
licka Posted December 10, 2016 Share Posted December 10, 2016 Is this about condo's or condoms being popular If its condo's why are soooo many empty? Link to comment Share on other sites More sharing options...
kmj Posted December 10, 2016 Share Posted December 10, 2016 15 hours ago, Retiredandhappyhere said: The ENERGY project near Cha-am looks beautiful and well landscaped, but I would be really interested to know exactly how many of the 6000 condos there have been sold so far. There also seem to be numerous other new condos built near Cha-am with "Sale or Rent" signs still on show after many months, plus many new "gated village" developments in progress a bit closer to Hua Hin on the canal road, each with 50 or 60 dwellings. Where are all the buyers? a money laundering project with no residents... Link to comment Share on other sites More sharing options...
HerbalEd Posted December 11, 2016 Share Posted December 11, 2016 On 12/8/2016 at 11:59 PM, ChrisY1 said: Oh yes....they're popular alright, just that no-ones buying them:) "No-one's buying them"?? Well, some-one is.. Link to comment Share on other sites More sharing options...
baansgr Posted December 12, 2016 Share Posted December 12, 2016 On 12/9/2016 at 5:57 PM, JimHuaHin said: Of course the " ... survey by Plus Property Co Ltd, a property agency arm of Sansiri Plc ..." is going to day good things, as Sansiri wants to make more profit by building more condos. The fact is, however, if you travel around Hua Hin at night one rarely sees lights on in more than 5-10% of condos, even on long holiday weekends and during foreign tourist high season (like, now). Friends in the real estate industry in Hua Hin tell me that very very very few new dwellings are not being sold, and that there is a huge over-supply of new dwellings. Condos are used predominately by holiday makers, holiday makers tend to go out in the evenings hence why no lighting is on. Link to comment Share on other sites More sharing options...
kmj Posted December 12, 2016 Share Posted December 12, 2016 1 hour ago, baansgr said: Condos are used predominately by holiday makers, holiday makers tend to go out in the evenings hence why no lighting is on. absolute rubbish... Link to comment Share on other sites More sharing options...
mcfish Posted December 12, 2016 Share Posted December 12, 2016 Lol the poor renters still preying for a real estate mark collapse.. Waiting.. Waiting. Waiting Honestly most of you have been ripped off so many times by crooked landlords stealing 2 months deposit that you could have bought a cheapie 500k crappy little condo with the lost cash! Sent from my SC-01D using Tapatalk Link to comment Share on other sites More sharing options...
bokningar Posted December 12, 2016 Share Posted December 12, 2016 1 hour ago, mcfish said: Lol the poor renters still preying for a real estate mark collapse.. Waiting.. Waiting. Waiting Honestly most of you have been ripped off so many times by crooked landlords stealing 2 months deposit that you could have bought a cheapie 500k crappy little condo with the lost cash! Sent from my SC-01D using Tapatalk 500k condo, would that be in Nan province? I here you can get a great deal on a sea view condo there Link to comment Share on other sites More sharing options...
falang07 Posted December 12, 2016 Share Posted December 12, 2016 53 minutes ago, bokningar said: 500k condo, would that be in Nan province? I here you can get a great deal on a sea view condo there I can sell you one with seaview in Chonburi for slightly over 500k (of course it is 30 sqm but I suppose you did not expect more) Link to comment Share on other sites More sharing options...
geriatrickid Posted January 2, 2017 Share Posted January 2, 2017 On 12/12/2016 at 3:52 AM, baansgr said: Condos are used predominately by holiday makers, holiday makers tend to go out in the evenings hence why no lighting is on. Seriously? Hua Hin is dead after 10 pm. On 12/12/2016 at 5:23 AM, mcfish said: Lol the poor renters still preying for a real estate mark collapse.. Waiting.. Waiting. Waiting Honestly most of you have been ripped off so many times by crooked landlords stealing 2 months deposit that you could have bought a cheapie 500k crappy little condo with the lost cash! Sent from my SC-01D using Tapatalk Haven't been ripped off, but delighted to not be stuck in a location that changed significantly 4 months after arriving. My old condo in Patong had an alcoholic wacko who showed up when I wasn't there, so I never experienced him. Then he arrived and boy was it unpleasant. Glad I wasn't a unit owner. In Hua Hin last year, my friend had some idiot burning rubbish at 5 pm every day. Big black cloud would drift down choking everything. I was glad I wasn't the unit holder facing the fire pit. I like having cash on hand and not tied up in a country where one doesn't know if I will be allowed to stay next year. Link to comment Share on other sites More sharing options...
Mousehound Posted January 2, 2017 Share Posted January 2, 2017 On 12/12/2016 at 8:57 PM, falang07 said: I can sell you one with seaview in Chonburi for slightly over 500k (of course it is 30 sqm but I suppose you did not expect more) I am fat old farang. My coffin (I have one premade) is not much smaller than 30sqm. But it doesn't have a view. Link to comment Share on other sites More sharing options...
trogers Posted January 4, 2017 Share Posted January 4, 2017 The success of a developer's sales campaign is so obvious. Is the 'condo for sales and rent' signboard of the developer still hanging up there years after construction completion? Link to comment Share on other sites More sharing options...
NCC1701A Posted January 4, 2017 Share Posted January 4, 2017 On 12/12/2016 at 3:52 PM, baansgr said: Condos are used predominately by holiday makers, holiday makers tend to go out in the evenings hence why no lighting is on. sorry to disagree. i live in Hua Hin. the condos are empty. even on holiday weekends there are no lights on all night and no cars in the lots. typically you will see one or two units with people in them and all the rest dark. the condos here are like ghost towns all year round. the new Sansiri 20 story tower near soi 112 is almost completely dark every night. I am not saying the condos did not sell. Super rich Thais from Bangkok buy entire floors of these building as "investments". And of course real estate agents in Thailand are so full of BS they will tell you anything you want to hear. Link to comment Share on other sites More sharing options...
Mousehound Posted January 4, 2017 Share Posted January 4, 2017 Ihave seen the same condo's (not just inHH) advertised for months - even years. Mostly they seem horrendously overpriced. I would estimate that some are priced at double their realistic value. Guess they are fishing. Link to comment Share on other sites More sharing options...
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