Hua Hin: Chinese change strategy - creating "Chinatown Hua Hin"

[rooster59]

Hua Hin: Chinese change strategy - creating "Chinatown Hua Hin"

 

Image: Ban Muang

 

Thai media has reported that the Chinese are increasingly buying up Hua Hin. 

 

In clear strategic move changes Chinese investors are now buying up whole housing estates and turning them into China Towns. 

 

One is even called "Chinatown Hua Hin" - investors have bought every single one of the 500 units.

 

They plan to sell them off for 5 million baht each on thirty year leases. 

 

The move to buy property on 30 year leases marks a change of strategy from buying condos and other units under 49 per cent ownership said business media. 

 

In total Chinese investors in Hua Hin are spending 4.8 billion baht on property at several developments. 

 

Ban Muang reported that last week agreement was reached on a 1.2 billion baht project called "Golf Inn Condominium and Resort Hua Hin"

 

Source: Ban Muang

 

-- © Copyright Thai Visa News 2019-12-29

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[PatOngo]

The only thing missing now are casino's, triads and a deep water naval port! Hua Hinoukville!

[baansgr]

Dosn't matter how much they invest, still can't get a decent crispy duck with plum sauce anywhwre

[sirocco]

Hua Hin has become, in the space of 5 years, a vast construction site.
Each wasteland becomes a condo.
Each rental house, remaining empty for more than a year, is finally bought and then demolished to make a condo.
When it's not a loud music box from 10 p.m. until 2 a.m.

It's not just the Chinese who are investing.
Around my house, the owners of recent condos are, almost all, Thais.
A real disaster for the environment, the fauna, the flora.
Fewer and fewer birds, snakes, greenery.

[fruitman]

So how can chinese buy houses in thailand when farang can't?

[Hayduke]

24 minutes ago, fruitman said:

So how can chinese buy houses in thailand when farang can't?

 

Maybe because China has already bought Thailand outright….and now the Chinese are just selling houses to each other.

 

 

Edited December 29, 2019 by Hayduke

[PatOngo]

24 minutes ago, fruitman said:

So how can chinese buy houses in thailand when farang can't?

Questions, questions! They just can, alright!

[baansgr]

36 minutes ago, fruitman said:

So how can chinese buy houses in thailand when farang can't?

The article states they buy on 30 year lease, which westerners can and have been doing for years

[Cool Aid]

1 hour ago, fruitman said:

So how can chinese buy houses in thailand when farang can't?

Read the article, the are leasing it ain't the same as buying.

[fruitman]

54 minutes ago, baansgr said:

The article states they buy on 30 year lease, which westerners can and have been doing for years

In total Chinese investors in Hua Hin are spending 4.8 billion baht on property at several developments. 

[RichardColeman]

If you are a seafood, be afraid, be very afraid

[mokwit]

I'm sure the Hua Hin Swedes will welcome the move towards more multiculturalism.

[SidJames]

They buy 30 year leases off Chinese companies.

How are these companies allowed to buy real estate to sell leases on?

[ebean001]

2 hours ago, fruitman said:

So how can chinese buy houses in thailand when farang can't?

just see a lawyer. you can buy a house

[mickey rat]

4 hours ago, sirocco said:

Hua Hin has become, in the space of 5 years, a vast construction site.
Each wasteland becomes a condo.
Each rental house, remaining empty for more than a year, is finally bought and then demolished to make a condo.
When it's not a loud music box from 10 p.m. until 2 a.m.

It's not just the Chinese who are investing.
Around my house, the owners of recent condos are, almost all, Thais.
A real disaster for the environment, the fauna, the flora.
Fewer and fewer birds, snakes, greenery.

Perhaps the are bringing the air pollution with them? Air quality in Hua Hin has gone to hell in a basket. 

[rvaviator]

5 hours ago, baansgr said:

Dosn't matter how much they invest, still can't get a decent crispy duck with plum sauce anywhwre

It will come .... Just you wait ....

[khunPer]

2 hours ago, SidJames said:

They buy 30 year leases off Chinese companies.

How are these companies allowed to buy real estate to sell leases on?

Like any Thai company limited can buy property and lease it out for 30 years, not that mysterious. The Chinese shareholders probably just control the company, and have secured their investment in various legal ways.

 

If it was a hotel they invested in, ownership is allowed if the investment is over certain size – cannot remember exact how much, but somewhere 500+ million baht – so perhaps there is a "smart" connection here, we plain people don't know about in details...????

[hotchilli]

10 hours ago, PatOngo said:

The only thing missing now are casino's, triads and a deep water naval port! Hua Hinoukville!

These are properties for Chinese to come & stay in, local guest houses & hotels are going to be in serious competition soon. As for the above casinos' etc etc expect the "shady" side of China to be arriving in the new year.

[sitanonchai]

9 hours ago, fruitman said:

So how can chinese buy houses in thailand when farang can't?

Easy , Thailand is a Chinese province now.

[nodomino]

10 hours ago, baansgr said:

The article states they buy on 30 year lease, which westerners can and have been doing for years

Yes, the market is for buying and selling leased land as I understand it.

[Medicine Man]

Same, same in Chiang Mai, lots of houses being bought up by Chinese..

[spidermike007]

Does this mean that Hua Hin will finally have a decent Chinese restaurant? There was one for a while on Soi 94. It closed. Why does Thailand have so few good Chinese restaurants, and why are most in Bangkok so ridiculously over priced? 

[Traubert]

48 minutes ago, spidermike007 said:

Does this mean that Hua Hin will finally have a decent Chinese restaurant? There was one for a while on Soi 94. It closed. Why does Thailand have so few good Chinese restaurants, and why are most in Bangkok so ridiculously over priced? 

Well, you know those low end Chinese tourists you keep banging on about? The ones that are ploughing billions into Hua Hin?

 

They dine out in Bangkok in the restaurants you find too expensive.

[madmen]

57 minutes ago, spidermike007 said:

Does this mean that Hua Hin will finally have a decent Chinese restaurant? There was one for a while on Soi 94. It closed. Why does Thailand have so few good Chinese restaurants, and why are most in Bangkok so ridiculously over priced? 

Serious question, is there even one single thing you like about LOS. I've never read even one complimentary post and your a prolific poster.

 

 

Edited December 29, 2019 by madmen

[sirocco]

Hello, 

 

Anyway, personally, I do not see the point of buying a house or a condo in Hua Hin or elsewhere in Thailand, the rental price is not excessive, the market is so vast, the number of houses or almost unoccupied condos, that there is still a lot of room for negotiation.
In addition, as the Thai laws are very vague, you risk waking up one morning, with, next to or in front of your house, a house in demolition, or the installation of a karaoke.
It is quite possible that the Chinese replace the Scandinavians, in particular, the Swedes.
The latter, most of them retired, were less present at the end of the year, since, following their pension reform, there are more and more poor people in Sweden.
As for pollution, it is the evil of all cities that develop.
Everyone should work for economic change, because everyone has their share of responsibility.
Instead of taking his motorcycle or his car, 10 times a day, to buy a lemon, rice, chicken wings, 200 meters from his home, why not do it on foot.

[metisdead]

A troll post and the replies has been removed.

 

A post containing an ethnic slur comment toward Chinese people has been removed. 

[spidermike007]

8 hours ago, madmen said:

Serious question, is there even one single thing you like about LOS. I've never read even one complimentary post and your a prolific poster.

 

 

 

Here are a few of my posts, praising Thailand, and the Thai people and women.

 

I still find Thailand to be a wonderful place to live. I enjoy every day here. Have some great friends here, have a wonderful relationship with an amazing Thai woman, and I adore her family, who are really good, hard working, honest, kindhearted, fun loving, generous souls. I also like most Thai people I encounter. Of course, I do have the good fortune of not having to live on Samui (was there for many years, when it was a far better version of itself, than it is today) Phuket, or Pattaya, where the local people tend to not be as much fun to be around, as they are jaded, and have to put up with alot of fools (probably the small minority of the local ex-pats, who make it harder for all of us), and live in an area where people are delightful. 

 

My woman is joyful, playful and light hearted. The same lovely woman from one day to the next. She has a smile on her face when she wakes up in the morning. Never experienced that in the states. Some Thais manifest that unbearable lightness of being, that is so delightful to be around. I cannot really get enough of that spirit, and feel so blessed to be around that, and to have found such a well adjusted and delightful creature. 

 

This is an entirely subjective topic, of course. But some of us live very good lives here. Some of us have been fortunate enough to find an outstanding woman, who is delightful to be around, on a daily basis, always has our back, and is fun, smart, and lovely. For me, that likelihood of finding that back in the US, would be very low. So, that is a big factor for me. The second factor is just the quality of life. Sure, I miss alot of the culture back home. The theatre, independent film (which I can download here with no issues at all, and a super fast 180mbps fiber optic connection, at under 800 baht per month!), stand up comedy, live jazz, etc. But I have a lovely home that I rent, for about 10% of what I would pay in California, I live very well on an income which is not huge, have access to great health care, at a tiny fraction of what it costs in the US, and do not have to put up with alot of the aggravation that I had to when I lived back there. I would not want to move back there, unless I was either being paid a million dollars a year, or the situation was dire. 

 

Sure, Thailand has changed. My first trip here was in 1976! It was so much different than now. The politics here are absolutely regressive. The army is horrendous. Will that ever improve? I think so. I think the youth will eventually oust them, as they are virtually useless to Thai society, with the exception of protecting the elite. those in power and the super wealthy. But alot of things here have improved since then. The infrastructure here is quite good. Sure they could use a high speed rail. That would be amazing. Hopefully it will happen. The whole world is different now. The whole planet is being affected by a greatly expanding population, inflation, environmental issues, politics, and congestion. So, we are going to experience some of that no matter where we are. All I know, is that every day I wake up, I am very glad to be here, very glad to be with the woman I am with, and thankful for my life. Would I feel the same way in the US? I seriously doubt it. Most of my friends back in the US, say they would trade positions with me, in a heartbeat, if they could. I believe them. And I feel for them. The quality of life where I came from is a pale shadow of what it used to be. No thanks. 

 

Because I have some issues with the place, I am not entitled to complain, or voice my opinions? Half of the posts on this forum are complaints. What is wrong with that? Don't we need someplace to vent? Why the sensitivity? Why such thin skin? Though absolute contentment must be a beautiful thing to be blessed with, it is not something most of us enjoy. The fact that I complain does not mean I do not love Thailand, my lifestyle, and most of the Thai people. I have a good life here. But, I do have some issues with the place, as most do, and I do not like the government, and there are some things I would like to see improved. Do you not see any room for improvement? I should leave because I complain? 

[Myran]

Hopefully they'll clear out the stray dog problem.

[RobbyXNorway]

2 hours ago, Myran said:

Hopefully they'll clear out the stray dog problem.

Chinese Hot Dogs will be the rage. They'll munch through the dog problem in no time!

[sirocco]

 

It seems to me that, since the increase in Chinese, the number of dogs has been decreasing.
Regularly, a good smell of barbecue comes to my nose, different from the usual one and from the smoke that envelops you.
The Chinese know very well how to cook dogs and even celebrate dog meat day in June.

 

Good breakfast