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January 2015
“Plus” to Boost Condo Market in Cha-Am, Hua Hin, Khao Tao & Khao Takiab The company pointed out growing demand of the property.
The highest rate is 155,000 Baht per a square metre.
Averagely, all condos in Khao Tao are sold within 2 years after the completion.
According to a reporter from the Prachachat Thurakit newspaper, Plus Property has recently analyzed the property market, especially buying and selling condominiums in Cha-Am, Hua Hin, Khao Tao and Khao Takiab, and found a new growing demand that continuously encourages people to buy the property here as a second home or a place for holiday getaway. The average selling rate is 73% higher than the selling of condos in Bangkok.
In terms of Hua Hin, its tourism has been booming for a couple of years thanks to many new tourist attractions. Some of them have recently been opened publicly while the others, such as Wana Nawa Water Park and Blue Port Shopping Complex, will be available very soon. Nevertheless, no condos are offered in the areas of Hua Hin beach from Sofitel Hotel to Chiva Som. This is because it is difficult to find any available space to launch a project, although some condo buying and selling is occasionally indicated only in the reselling marketing.
Mr. Bhumisak suggested that, to enhance the competitiveness of the area, there should not be too many condo projects launched per year so that the supply could serve the demand.
The board manager of Plus Property Mr. Bhumisak Chulamaneechot said that the overall picture of condo market in ChaAm, Hua Hin, Khao Tao and Khao Takiab saw opening of new condos which had started since 2013. A survey indicated that a total of 29 condo projects were ongoing in the beachfront area (on the left side of Phetchakasem Road). 14,187 units of them are supplied by the project owners whereas 10,402 are under the customers’ demand, resulting in the average selling rate of 73% in total. This rate is surprisingly, yet impressively, higher than the one of Bangkok.
Over 70% of the customers’ demand is for condos in Cha-Am. Of all the supplied condo projects, which are roughly categorized into the already completed and the soon-to-be completed, 33% was and will be finished this year, 62% will be completed in 2015, and 5% in 2016. For the newly supplied condo projects of this year in particular, there are 5 which boast a total of 1,168 condo units. Mr. Bhumisak explained that an area-based analysis had found that, since Cha-Am had the longest beaches in the 4 areas, it enjoyed the most supply of condos for the property market. Plus, many condos in Cha-Am are not pricey. Of all the 10,462 unit supplied, 8,018 were already in demand. This is 77% of the supply rate. 1,629 units or 16% of them were already completed; 8,413 units or 80% are to be completed next year; 420 units or 4% will be available in 2016. The average selling rate of beachfront condos is 110,000 Baht per a square metre.
The present condo selling projects are located at the entrance to Hua Hin, a bit further from the airport. The average selling rate is now at 86,000 Baht. 1,290 units are supplied and 887 are demanded – 69% in total. There is only one selling of a beachfront condo in Hua Hin which costs 130,000 Baht per a square metre. All the rest of condos on sale are completed or soon-to-be completed within this year. Regarding condos in Khao Takiab, the area adjacent to Hua Hin, there is
Most of the projects are beachfront condos with an average selling rate of 86,000 Baht. The highest rate is 152,000 Baht. There are 1,619 supplied units and 959 under demand, all of which are equal to 59% in total. In this year, 60% of all condo units are completed while 20% will be finished next year and the other 20% will be available in 2016. “If we compare condos in Cha-Am and Hua Hin, we’ll find that the ones in Cha-Am are more expensive because the condos currently on sale in Hua Hin are not in any prime location. However, a survey on the resale market of beachfront condos in Hua Hin indicates that the price increases every
year. The highest selling and buying rates belong to the Ban Khaimuk project that costs a total of 72,000,000 Baht or 195,000 Baht per a square metre whereas the Ban Sabai Sabai project has the highest selling rate per a square meter of 203,000 Baht per a square meter from a penthouse that costs a total of 24,000,000 Baht. The prices of both projects belong to a room adjacent to the beach. If we compare the prices with the ones for the similar rooms of other projects, we can see that the selling and buying rates are 10% higher each year,” said Mr. Bhumisak. Nevertheless, a room adjacent to the beach of Hua Hin, with the price of 200,000 Baht per a square metre, cost as much as a room in Thong Lor, one of the bustling business and nightlife areas in Bangkok. This also implies the increasing trend of reselling condo rooms, particularly the beachfront ones which are continuously booming.
only one beachfront condo on sale, too. The overall supply is 816 units in total while the overall demand is 538 units, equal to 66%. The minimum selling rate is 65,000 Baht per a square meter and the average selling rate is at 85,000 Baht per a square metre. The reselling condo market has penthouses with sea view, each of which costs around 100,000 Baht per a square metre. Every of the project was finished or is soon to be finished within this year. Although a bit further from Cha-Am, Hua Hin and Khao Takiab, Khao Tao boasts serene atmosphere and is ideal for family visitors who need private holiday. During the past 5 years, there have not been many new projects of condos on sale. Only 2 or 3 projects happened in each of the years, but all of them were sold successfully despite taking quite more time than those in Hua Hin.
PROPERTY TODAY, January 2014
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PROPERTY TODAY, January 2015
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PROPERTY TODAY, January 2014
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PROPERTY TODAY, January 2014
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PROPERTY TODAY, January 2015
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PROPERTY TODAY, January 2014
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SELECTING SOLAR
Solar panels not only make economic sense, they also look good With energy prices continuing to rise, it makes sense for anyone building or renovating a home to take a close look at how they can reduce their electricity consumption by opting for energy-saving materials. An obvious choice is rooftop solar panels, as this not only adequately meet a homeowner’s energy needs for also benefit the environment. Yet the choice of solar panels comes with several concerns: for example, will they make the roof and thus the house ugly? Will they cause problems in the future? And last but not least, is the initial investment worth the outlay? “Eco-friendly living is gaining traction as evidenced by the increased use of rooftop solar panels by modern homeowners,” says Tossatan Boonsorn, Roofing Solution manager for SCG HousingTECH, which offers a SolarEco system that can be tidily configured to all shapes of roof. “It is however important that homeowners do careful research before jumping on the solar bandwagon because the roof, an integral part of house, has an aspect of permanency and is a statement of homeowners’ tastes and styles. In addition, it is important to choose a solar panel mounting system that will not cause leakage. We also have an innovative SolarFIX system that secures solar panels without drilling or levering the roof tiles, which effectively prevents leakage and is compatible with all styles of roof,” he says. Tossatan recently provided a list of guidelines for homeowners to consider before deciding to install rooftop solar panels. Quality: Solar panels are intended for longterm installation, so the chosen producer should be highly reliable to ensure lifetime maintenance support.
Propriety: The panels should face south or southwest and be installed on faces of the roof that have no obstruction of sunlight. Leakage: Installing solar panels can cause leakage because roof tiles may need to be force-levered or drilled. Therefore, the chosen solar system should feature a mounting technology that secures the panels without posing risk of leakage. Return saving: The amount of energy saved should be calculated to estimate money saving. Homeowners should also find out if their home-generated solar energy can be sold to relevant authorities. Aesthetic harmony: Roof is a permanently installed part of the house. Amendments made to it at a later time can be costly and involve disassembly and rebuilding of the entire roof structure. Although generic solar panels can be installed on all types of roof, their fixed, rectangular shape is a restriction that devaluates roof aesthetics. There are four options based on the most popular roof shapes:
The gable roof is widely used and is well suited to Thailand’s tropical climate. A gable roof has two sides that slope downwards and forms a high triangular portion of walls between the edges - a design that facilitates heat ventilation underneath and draining of rainwater from the roof surface. The roof pitch varies according to design and homeowner’s liking. With large roofing faces, a gable roof allows for easy installation of solar panels and full-space installation can be applied on the side that faces the sun. The hip roof is a familiar sight in residential projects as well as resort style homes. A very popular type of roof today, all four sides of the roof slope downwards to the front, back left and right walls of the house and it has a gentler pitch than the gable roof. To minimise devaluation of design aesthetics, solar panels can be installed on only one face of the roof by having the shape of panel formation agreeably configured to the shape of the roof face. The lean-to roof is a single-pitched roof. With one end pitched towards the sky and the opposite towards the ground, the roof looks elegant and modern. Despite its large roofing face that eases solar panel installation, a special caution is possible leakage, which can be prevented through roof design with a high pitch degree to drain away rainwater quickly. A gablet or Dutch gable roof is a roof with a small gable at the top of a hip roof and thus combines the advantages of gable roof and hip roof with an added focus on creativity on the top part. This is a popular type of roof for country style and contemporary homes because it subtly fuses Thai sense with modernity. The suggested placement of solar panel installation is on hip part of the roof by configuring shape of the solar panels to that part.
PROPERTY TODAY, January 2014
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PROPERTY TODAY, January 2014