Hua Hin Golf
7 September 2012
FREE weekly issue 19 6
Sudoku Property Marketplace Local Listings That’s Andy
building boom ten billion baht of new condo projects to launch
hua hin, THAILAND The construction boom in the Hua Hin area shows no signs of easing as we head towards the end of this year and into next, with the news this week that condo projects totalling 10 billion baht are planned for Hua Hin. The Nation reported that property firms are launching these condominium projects in the current half of the year after launching 17 such projects worth 35 billion in the final quarter of 2011. Sansiri president Srettha Thavisin said demand for homes in Hua Hin was growing strongly. All of the condo projects it launched here early this year have sold out. As a result, the company plans three new projects worth 2.6 billion baht during the rest of the year. The first is Baan Imm-Aim worth 350 million baht, which will launch in the middle of this month. Baan Ratchaprasong Co will introduce the second phase of Energy Hua Hin on 15 rai this month after selling out its 20 billion baht first phase last year. LPN Development plans to launch its first condominium project in Hua Hin, worth nearly 2 billion baht, in the final quarter. SC Asset Corporation plans a second residential project worth nearly 2 billion baht in Hua Hin in the current second half, after successfully selling out its first condominium project, The Crest Santora Hua Hin, in the first half of the year. A number of other construction projects for retail space, hotels and houses are either planned, under construction or recently completed, with the most recent being a new Tesco Lotus store that has opened opposite Soi 112. South of the town and Khao Takiab are particularly awash with new projects, and it appears that many of the condos are being bought as a result of last year’s flooding in Bangkok, with people fearing a repeat in future years.
Victor
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