THB50 Billion In Condos Launching In Hua Hin

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Posted: 29 Feb 2012 | 6:00 am

My mind is reeling from an article in a recent Nation newspaper about more than THB50 billion or 8,000 condos coming to market in Hua Hin this year.

Of course the magic THB2 million market comes up in discussion, and pricing generally is at levels unheard of in the Phuket resort grade property sector.

Most of the developments are coming from Thai listed firms such as Sansiri, SC Asset Corporation, Quality Houses, Issara United (affiliate of Sri Panwa's Charn Issara), Major Development and Baan Ratchaprasong.

Much talk continues about Thai buyers being motivated by the flood for second homes outside Bangkok and certainly both Hua Hin and Pattaya are seeing a strong domestic surge in transaction activity.

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