Post by account_disabled on Feb 24, 2024 3:40:48 GMT
Condominium market in the Cha-am-Hua Hin-Khao Tao area as of May 2020. Mr. Nattha Khahapana, Deputy Managing Director and Head of Knight Frank Phuket Office, Knight Frank Thailand Company Limited, said that the overall picture of the condo market in the second half of 2020 is still slowing down because there is still economic shaky caused by the outbreak of the COVID-19 virus and the effects of political rallies As a result, the purchasing power of condos is limited to only Thai people who hold cold money. This group of people looks at condos in the Cha-am-Hua Hin-Khao Tao area. It's a second home. To avoid unusual situations in Bangkok Some operators use price reductions. to attract buyers to accelerate sales The total amount was transferred and the project closed, but some entrepreneurs still did not reduce the selling price because they saw that the market could still continue. Instead, they use promotions to attract customers.
The slowdown in condo sales has resulted in developers not investing in Bahrain Mobile Number List additional new projects. K.Nattha%2B%25281%2529 From the research of Knight Frank Thailand, it was revealed that the cumulative supply of condominiums in the Cha-am-Hua Hin-Khao Tao area from 2005 to 2020 totaled 27,569 units, and in 2020 there were Supply of 2 new condominium projects for sale, totaling 348 units, namely the Sasara Hua Hin project (110 units), located on Khao Takiab beach. and the InterContinental Residences Hua Hin project (238 units) The majority of condominium supply is located in the Cha-am area, accounting for 57 percent, followed by the Khao Takiab and non-seaside areas with rates of 14 and 12 percent, respectively. Condominium supply located in the Hua Hin area accounts for 10 percent.
9 Condominiums located in the Khao Tao area account for 8 percent. 529 Group of buyers of condominiums in the Cha-am-Hua Hin-Khao Tao area Most of them are still Thai people living in Bangkok, accounting for 90 percent. There are some foreigners who come to buy, accounting for 10 percent. Most foreigners are Scandinavian, including Norwegians, Swedes, and Danes. There are also English, French, German, and Swiss people. And there are some Chinese people. Most of the foreigners who buy condos in this area have Thai wives and want to buy and keep them for living in when they retire. Or it is a place to relax when traveling and staying for a long period of about 3-6 months. For Thai people who buy condominiums in this area, they buy it as a second home for use during holidays.
The slowdown in condo sales has resulted in developers not investing in Bahrain Mobile Number List additional new projects. K.Nattha%2B%25281%2529 From the research of Knight Frank Thailand, it was revealed that the cumulative supply of condominiums in the Cha-am-Hua Hin-Khao Tao area from 2005 to 2020 totaled 27,569 units, and in 2020 there were Supply of 2 new condominium projects for sale, totaling 348 units, namely the Sasara Hua Hin project (110 units), located on Khao Takiab beach. and the InterContinental Residences Hua Hin project (238 units) The majority of condominium supply is located in the Cha-am area, accounting for 57 percent, followed by the Khao Takiab and non-seaside areas with rates of 14 and 12 percent, respectively. Condominium supply located in the Hua Hin area accounts for 10 percent.
9 Condominiums located in the Khao Tao area account for 8 percent. 529 Group of buyers of condominiums in the Cha-am-Hua Hin-Khao Tao area Most of them are still Thai people living in Bangkok, accounting for 90 percent. There are some foreigners who come to buy, accounting for 10 percent. Most foreigners are Scandinavian, including Norwegians, Swedes, and Danes. There are also English, French, German, and Swiss people. And there are some Chinese people. Most of the foreigners who buy condos in this area have Thai wives and want to buy and keep them for living in when they retire. Or it is a place to relax when traveling and staying for a long period of about 3-6 months. For Thai people who buy condominiums in this area, they buy it as a second home for use during holidays.