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Hua Hin condominium market - H1 2013

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Hua Hin condominium market - H1 2013

The Hua Hin condominium market has continuously grown from the previous year, backed by several factors, including the entry of Thailand’s major property developers to the market, a remarkable increase in the number of Thai medium-income earners from Bangkok purchasing residential condominiums in Hua Hin, and a significant rise in demand for budget condominiums with smaller units priced at less than THB 2 million. The total new launches of Hua Hin condominiums as of H1 2013 surpassed 4,500 units, making up 22,619 units of the accumulated supply. The demand for condominiums has seen a 52% rise in the total units sold, compared to just 49% from the previous year.

Source : Knight Frank

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