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from east to west
2,083 Posts
Discussion Starter · #1 ·
Hua Hin (Thai: หัวหิน, IPA: [hǔə hǐn]) is a famous beach resort town in Thailand, in the northern part of the Malay Peninsula, some 200 km south of Bangkok. It has a population of 84,883 in an area of 911 km², and is one of eight districts (Amphoe) of the Prachuap Khiri Khan province.

Hua Hin is closely associated with the Thai royalty. Merely 25 kilometres apart, Hua Hin in Prachuap Khiri Khan province enjoys a wealth of satellite attractions; prominent among them are national parks and historical cities.

The Colonial Kao Tao ,Hua Hin 28+28 storeys

Thanks to adul_mad_adum for this find.

Project details:

Developer: Thai Factory Development PLC
Property type: Residential Condominium
Location: The Colonial Kao Tao , Hua Hin
Total Land Area: 7-2-56 Rai
Building Type: 2 Buildings

-Tower A: 28 storeys, 216 units
-Tower B: 28 storeys, 165 units

Number of Units: 381 units
Parking: 216 spaces
Expected completion: 2014


posted by tootoo

from east to west
2,083 Posts
Discussion Starter · #8 ·
B5bn Hua Hin mall in pipeline
Emporium branch slated for 2014
Bangkok Post Published: 17/09/2012 at 10:41 AM

The Mall Group, the country's second-largest retail chain, is forming an alliance with the Liptapanlop family to jointly develop a large-scale shopping and entertainment complex in Hua Hin next year.

A 50:50 joint venture will be soon set up by the Mall Group and Proud Group, which is now under the management of Proudputh, the daughter of veteran politician and chief adviser of Chart Pattana Puea Pandin Party Suwat Liptaponlop, to run the retail project.

The venture requires an investment of 5 billion baht to develop the retail project, which is located on a 20-rai plot on Phetkasem Road opposite Intercontinental Hua Hin Resort and close to Hua Hin Market Village.

Construction is scheduled to start by early next year and will be completed in 2014.

The Mall Hua Hin will be a mixed-use complex with retail space between 80,000-100,000 square metres. It will comprise The Mall department store, a retail plaza, a financial services area, entertainment anchors, international fashion brand name stores and a five-star hotel.

The Mall Hua Hin will be the eighth retail project under the Mall Group and the second provincial branch after the Mall Korat in Nakhon Ratchasima, which was opened several years ago.

A source in the retail industry said Hua Hin is an attractive market for investors. The charming resort town in Prachuap Khiri Khan province started booming in the past five years with new property developments from hotels, resort condominiums, hospitals and even theme amusement parks. Hua Hin had 2 million tourist arrivals last year and nearby Phetchaburi province had 4 million.

The community mall Hua Hin Market Village dominates the retail market, but other competitors include Tesco Lotus, Makro Food Service, Index Living and Chic Republic.

One fashion supplier said he received an invitation letter from The Mall Group for the project presentation in the third week of October.

Apart from The Mall Hua Hin, the company also plans to open a second branch of The Emporium opposite the current location on Sukhumvit Road in 2014.

Supaluck Umpujh, chief executive of The Mall Group, said the group's policy was to expand its business step by step.

"To become the market leader in Thailand's retail industry is not our aim. For me, I'm happy to have business sustainability," she said.

Apart from its own investment, The Mall Group has expanded to manage other retail projects, focusing on the Gourmet Market grocery stores. It operates Gourmet Markets for K Village on Rama IV Road, Terminal 21 at Asoke and The Promenade located next door to Fashion Island on Ram Intra Road.

In its latest move, the company won a bid to operate 2,700 square metres of commercial space at Don Mueang Airport. The company will spend 200 million baht to develop the 'Wonder Food of Asia' venue and expects to open its service on Oct 1.

Sales of The Mall Group are expected to reach 50-60 billion baht within three years, up from 45 billion this year.

from east to west
2,083 Posts
Discussion Starter · #13 ·
Knight Frank foresees bright prospects for Hua Hin property market

Frank Khan, head of the residential department of Knight Frank Chartered (Thailand), said recently that the prospects of the Hua Hin property market were bright.

Property sales in the resort town have almost doubled in recent years, as many of the country's leading developers, including Sansiri, Q House, SC Asset, Land and Houses and LPN, have started planning new projects. Their contribution to the market has also strengthened the competition.

In addition, new retail develop-ments, such as the massive BLUPORT Hua Hin Resort Mall, are boosting buyer interest in the area. On the supply side, the number of new seaside condominiums will drop given the scarcity of land for real-estate projects, though there are still some plots available in areas such as Kao Tao, Puk Tien and Pranburi.

However, since they are far from the city centre and their beaches are not as nice, these areas are not as popular as Hua Hin itself. Khan said the accumulated supply of condos up until the first half of year was 17,349 units, marking an increase of 6,000 units at the end of last year from The Energy project, which is mostly comprised of one-bedroom units. During the first half of this year, there was a new supply of approximately 4,000 units, which is quite high. Rise in demand was reflected by the more than 1,600 units sold in the first half, compared to some 1,300 units sold in the same period last year. However, demand has not risen at the same rate as supply.

Buyers are generally Bangkok residents looking for a vacation home and the proportion of foreign buyers is not very high.

The price of a one-bedroom condo in Hua Hin is approximately Bt900,000 for a non-beachfront unit and about Bt2 million to Bt3 million |for those with ocean view. Though the trend of condo pricing in Hua Hin is |rising, it will only be in the range of |2-3 per cent. Prospective buyers will largely remain Bangkok residents, with some from Scandinavia, Russia and Germany.

Khan explained that a new sub-group of local buyers was emerging, largely comprised of young professional Thais whose parents already own a second home in the resort town. He said that since they already have close ties with Hua Hin, they want to buy smaller units to call their own.

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