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Real estate firm surveys Hua Hin property market

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Real estate firm surveys Hua Hin property market

By The Nation

 

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Condos make up the highest demand in real estate purchases, Plus Property announced on Monday, citing its recent survey of the Hua Hin-Cha Am market, which saw 11,700 units up for sale in the first six months of 2019, with a 76-per-cent take up.

 

The Hua Hin zone near the sea is the most popular, with 70 per cent of the units offered selling fast, aided by the recent reduction transfer fees and easing in access to mortgages. Condos priced under Bt3 million are the most popular.

 

New condos coming on the market were given as 1,000-2,000 per year representing 50 per cent of the supply in Cha-am though sales were higher in Hua Hin. The latter city boasts 3 zones of condominium development – the beach zone, the sea zone and the mountain zone, with the sea zone proving the most popular as prices are not as high as the beach area but the blocks are closer to the sea than those in the mountain zone.

 

Of the 5,200 units available in Hua Hin, 3,700 are units in the zone near the sea and are in condo projects that still have units left for sale, They also have the highest selling rate at 81 per cent and an average selling price of approximately Bt88,000 per square metre, almost 30-per-cent lower than the average selling price in the beach zone where condos cost Bt120,000 per square meter.

 

Four new projects have been developed over the past 2 years, 3 of them in the center of Hua Hin and on Petchkasem Road, which is very convenient for residents as it is within walking distance to the beach, shopping centres, hospitals and also cheaper than the beach zone.

 

The recent reduction in the transfer fees and housing loan measures of the Government Housing Bank have made condominiums costing no more than Bt3 million the most viable buys.

 

Source: https://www.nationthailand.com/news/30377807

 

 

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-- © Copyright The Nation Thailand 2019-10-28

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80-120 k. Thats the same as resale in the central Sukhumvit in Bangkok.

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This because many western foreigner will sell, not buy, Hua Hin is not any more nice city

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From hau hin to cha am there are vast projects underway 

looks desolate, not sure what is going on! 
no thanks!

rent and easy to bail out!

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12 hours ago, ICELANDMAN said:

This because many western foreigner will sell, not buy, Hua Hin is not any more nice city

What makes you say that? In what way, 'not any more nice city'?

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On 10/28/2019 at 7:27 PM, observer90210 said:

Some friends and acquaintances who bought villas in Hua Hin were very disappointed with the services from the farang real estate developper unfortunately.

Work was not finished in time, poor follow up once all the money was paid, the extras took ages to be completed and the buyers had to run after the developpers for months for the work to be finished and much more.....the golden rule seems to be in Thailand never to buy....rent !

I believe that western land agents/westerners working in realty in Hua Hin are not worth the trouble. Had experience a few years ago looking at properties and developments and the few I dealt with were useless....stick to Thais and then only females.

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10 hours ago, ChrisY1 said:

I believe that western land agents/westerners working in realty in Hua Hin are not worth the trouble. Had experience a few years ago looking at properties and developments and the few I dealt with were useless....stick to Thais and then only females.

Very true. Many farang house developpers in Hua Hin are not reliable and the work paid for is either never finished, badly done or just not done despite having paid the money. It's a real trap and avoid real estate, buying a house in Hua Hin. Now some may come up with the usual I-never-had-a-problem....but on the whole, avoid buying...rather rent.

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On 10/28/2019 at 6:27 AM, observer90210 said:

Some friends and acquaintances who bought villas in Hua Hin were very disappointed with the services from the farang real estate developper unfortunately.

Work was not finished in time, poor follow up once all the money was paid, the extras took ages to be completed and the buyers had to run after the developpers for months for the work to be finished and much more.....the golden rule seems to be in Thailand never to buy....rent !

Work was not finished in time, poor follow up once all the money was paid.

 

That says it all. The golden rule in Thailand is never, ever pay all the money, without getting everything you were promised, in the condition you were promised, without any issues, or problems. Period. No exceptions. Once you pay ALL the money, all bets are off. Very few ever do the right thing because it is the right thing to do. Hold back some money, and chances are they will take care of the issues. 

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Renting is dirt cheap in Thailand, why on earth would an expat or foreigner buy a condo? 

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57 minutes ago, garyk said:

Renting is dirt cheap in Thailand, why on earth would an expat or foreigner buy a condo? 

Not everyone wants to live in a dirt cheap <deleted>ty shoebox. You move to 3rd world for a big step up from your western life but for most they end up up living way below Thai middle class levels and more in line with poor lower class thais..Its sad to see 😥

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1 hour ago, garyk said:

Renting is dirt cheap in Thailand, why on earth would an expat or foreigner buy a condo? 

Because they can🤑.

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