Pattaya and Hua Hin investment to exceed THB 100billion | Property Report

Pattaya and Hua Hin residential and commercial investment is expected to exceed THB 100 billion, over the next three years.
Over THB 50 billion will be endowed into Pattaya’s projects, including condominiums, luxury hotels and retail complexes.
Pattaya and Hua Hin residential and commercial investment is expected to exceed THB 100 billion, over the next three years.
Over THB 50 billion will be endowed into Pattaya’s projects, including condominiums, luxury hotels and retail complexes.
The three-year development is aimed at continuing and carrying forth tourism and those interested in purchasing second homes in the area.
MBK Group have allocated an investment budget of THB 5-6 billion to develop a multi-purpose project, combining a shopping complex and hotel.
Bangkok property firm, LPN Development Plc, Supalai Plc and Raimond Land Plc also plan to develop condominium projects work over THB 10 billion combined, this year.
Union Pattaya Property Co plans to construct a mix-use project worth over THB 3 billion between now and 2017, combining condo, retail and a hotel, according to The Nation.
Hua Hin will also see a surge in its developing skyline. A popular destination for vacation residences, with more than 90 per cent of this demand coming from Thais, according to a survey by Plus Property Development Co Ltd.
Property firms launching residential projects in Hua Hin include both local developers and property firms from the capital.
Investors plan to develop residential projects worth over THB 50 billion in the district of Prachuap Khiri Khan, 2015.
Phuket and Koh Samui continue to be location hot-spots for the development of vacation residences for both domestic and foreign buyers – investment is expected to be no less than THB 10 billion a year.
The increase of local popularity in the resort of Phuket is balancing the effects of the property demand drop, after foreign investors were hit by the 2008 financial crisis.
The most sought after property comes with a price tag between below THB 2million – THB 10million per unit.
Luxury vacation residences for both foreigners and locals still is associated with the island of Koh Samui.
Demand here starts with a price tag of over THB 5million per unit, as land here is limited.
Supalai Plc are keen to develop here due to strong demand from local and foreign investors.
Managing director, Atip Bichanond said in an interview with The Nation, “Our policy is to expand our investment in the provinces, as the property market in Bangkok faces high competition.”
Pruksa Real Estate Plc director and chief business officer Prasert Taedullayasatit said, “We have to expand our investment outside Bangkok to balance out business growth in the long term.” Its first condominium in Hua Hin, worth THB 2.15 billion is a pilot project for expanding its investment in the provinces.
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MBK Group have allocated an investment budget of THB 5-6 billion to develop a multi-purpose project, combining a shopping complex and hotel.
Bangkok property firm, LPN Development Plc, Supalai Plc and Raimond Land Plc also plan to develop condominium projects work over THB 10 billion combined, this year.
Union Pattaya Property Co plans to construct a mix-use project worth over THB 3 billion between now and 2017, combining condo, retail and a hotel, according to The Nation.
Hua Hin will also see a surge in its developing skyline. A popular destination for vacation residences, with more than 90 per cent of this demand coming from Thais, according to a survey by Plus Property Development Co Ltd.
Property firms launching residential projects in Hua Hin include both local developers and property firms from the capital.
Investors plan to develop residential projects worth over THB 50 billion in the district of Prachuap Khiri Khan, 2015.
Phuket and Koh Samui continue to be location hot-spots for the development of vacation residences for both domestic and foreign buyers – investment is expected to be no less than THB 10 billion a year.
The increase of local popularity in the resort of Phuket is balancing the effects of the property demand drop, after foreign investors were hit by the 2008 financial crisis.
The most sought after property comes with a price tag between below THB 2million – THB 10million per unit.
Luxury vacation residences for both foreigners and locals still is associated with the island of Koh Samui.
Demand here starts with a price tag of over THB 5million per unit, as land here is limited.
Supalai Plc are keen to develop here due to strong demand from local and foreign investors.
Managing director, Atip Bichanond said in an interview with The Nation, “Our policy is to expand our investment in the provinces, as the property market in Bangkok faces high competition.”
Pruksa Real Estate Plc director and chief business officer Prasert Taedullayasatit said, “We have to expand our investment outside Bangkok to balance out business growth in the long term.” Its first condominium in Hua Hin, worth THB 2.15 billion is a pilot project for expanding its investment in the provinces.