Condominium sales slow down in Hua Hin and nearby coastal areas during pandemic

There’s a low demand for condominiums in the coastal areas of Hua Hin, Cha-am and Khao Tao. Only two new tasks for sale have been launched within the resort communities last year. Hua Hin, a seaside resort district in Prachuap Khiri Khan, about 3 hoursdrike south of Bangkok, remains to be a preferred vacation spot, nonetheless, condominium gross sales there remained low throughout 2021.
Due to Covid-19, builders in the area are taking a wait-and-see approach earlier than beginning new tasks.
From 2008 to 2021, a complete of 28,055 units were installed in the communities.
Around 58% had been in Phetchaburi’s Cha-am, 11% in Prachuap Khiri Khan’s Khao Tao, immediately south of Hua Hin municipality, and 13% in Khao Tao. Within the Hua Hin municipality, only one project was launched on the market final 12 months. The challenge was a 136-unit apartment on Soi 94. Out of the 28,044 items within the three communities, 20,571 were bought in 2021, making the sales price of that 12 months 73%. The rate in 2020 was comparable.
There is kind of no beachside land out there for development in Hua Hin. Some beachfront land is up for grabs in Cha-am, nevertheless, Cha-am is less convenient and well-liked than Hua Hin. Instead, extra land is on the market in inland, hilly areas in Hua Hin.
Check out Up-sell in Hua Hin in the intervening time HERE..

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