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Over 4,000 Vacant Units in Greater Hua Hin Property Market

Category: Hotels, Posted:06 Oct 2009 | 10:10 am

According to the Bangkok based research firm Agency for Real Estate Affairs there are 133 projects with 4,290 completed units for sale in the greater Hua Hin area. Within the catchment area of Phetchaburi and Prachuap Khiri Khan Provinces, with the greatest concentration in Hua Hin, Cha-am and Pranburi. Looking at only Hua Hin and Cha-Am 18 new projects with 1,512 units and average prices of just over THB 5 million.
Major of demand in these areas remain with Thai domestic buyers and leveraging is available as the vast major sell on a freehold basis. As a comparative the estimated Phuket condominium and apartment market is estimated to have a total market size in excess over 5,000 units.
While many Phuket developers and agents are crying out that market is saturated with mid level product for the moment clearly proportionate amount of completed yet unsold inventory here is just a fraction of that in Greater Hua Hin. Things in that market look to be cooling off as reportedly over 400 units have been placed on hold during the development process.

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Mind the Gap – Keep People Inspired Event in November

Category: Hotels|Tourism, Posted:22 Oct 2022 | 08:50 am Keep People Inspired (KPI) is the second in a series of Mind the Gap Learning events. The focus of the event is on inclusiveness in hospitality, spanning Phuket’s hotels, tourism and service industries. Inclusiveness is a key element of businesses that rely heavily on human resources and is in effect all about people, whether they […]
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Japanese Luxury Brand Hoshinoya Heads To Niseko

Category: Hotels|Real estate, Posted:14 Oct 2022 | 17:42 pm Leading Japanese hotel operator Hoshino has inked a deal for a luxury resort in Niseko with developer Zekkei Properties. Located in a prime ski-in and ski-out location in Upper Hirafu Village, the 62-unit hotel and residence property will be named Hoshinoya Lodge Niseko. With one of Hirafu’s best locations, the site was formerly occupied by […]
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Phuket and Beyond, A Brief Friday Hotel Update

Category: Hotels, Posted:14 Oct 2022 | 10:24 am In Phuket, Wyndham Vacation Resorts has signed a deal to manage the 50-key Zenmaya Oceanfront in Kalim. The property will be under the Trademark Collection by Wyndham. There are synergies for the hotel given it is located across a main coastal road from the Wyndham Grand Phuket Kalim Bay. Regional carrier Myanmar Airways International (MAI) […]
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