Pruksa Real Estate has announced it will move forward with development plans this year in order to boost Q1 presales, including 6 new condominium projects by. While these projects are launching at a time where there is still so much political and economic uncertainty in Thailand, there’s no more time to wait out the situation if the company is to reach a target of Bt4 billion for the first quarter.
Pruksa is not alone in their development plans; The Fragrant Group and L.P.N. Development are currently launching major projects in Bangkok as well. And while not a new development, there was also the recent major announcement that the Hilton Hua Hin is now for sale.
Hua Hin’s most easily recognized beachfront hotel, the Hilton Hua Hin, is expected to receive strong interest from international investors as well as Thai. Located in the heart of Hua Hin on approximately 15 rai of freehold beach land, the building currently offers 298 hotel rooms with completely unobstructed views and many lifestyle facilities including several restaurants and an impressive rooftop.
Although the history of Hua Hin shows it to have had a very steady growth since it became Thailand’s first beach resort, it has gained considerable traction over the past ten years. Its close proximity to Bangkok and its reputation as one of the most aristocratic getaways in the country has made it one of the most desirable destinations for developers and property owners.
The Nation reported that now is a good time to buy property, due to the stable prices on the market and the number of new developments popping up. Developers have been maintaining the same prices as they had last year, despite the recent change to infrastructure plans and a sluggish economy.
