Engel & Völkers, the future of Hua Hin

One of Thailand’s most beautiful beachside locations, Hua Hin’s popularity continues to grow. Only a short distance from Bangkok, it’s proving a winning location for Engel & Völkers.

Engel & Völkers has been operating internationally for 30 years since their start in Hamburg, Germany, and their second entry into the Thai property market continues to mark the global expansion that now see’s the luxury real estate group spanning the globe with over 300 offices in 25 countries.

E&V Hua Hin is overseen by Managing Director Duangjai Kraus and Managing Partner Bruce Davison. As specialists in the sale of luxury real estate, E&V is a market leader that has quickly established itself in Hua Hin as the first port of call for anyone looking for a prestigious address for their retirement or 2nd home investment in one of Thailand’s most auspicious beach resort locations steeped with a long history dating back to the 1920’s when King Rama VII commissioned the Klai Kang Won (‘Far from all Sorrows’) Royal Palace that is still frequented regularly by the Royal Family to this day.

Property Market Overview

The condominium market in Cha Am and Hua Hin has seen continued growth in terms of both supply and demand with traditional beachfront locations leading the way. Low-rise and high-rise condominium development projects along Cha-am and Hua Hin areas have extended inland from the traditional frontline beachfront areas out to the hillsides where elevated positions provide sea views or locations ‘close’ to the beach/town centre (within approx 1-3km), additionally their continues to be strong golf course residential developments and the areas surrounding golf courses are continuing to emerge and are being marketed on the basis as being affordable alternatives providing views overlooking golf courses as well.

As all condominium developers search for cliental they continue to target both local Thai and foreign buyers looking at purchasing either a 2nd home / holiday location and or investment opportunity under freehold ownership and are offering many extra inclusions with the units that in years gone by were not seen as standard inclusions such as fully fitted European kitchens, furniture packages and attractive payment terms to entice buyers.

Many medium-end condominium projects are expanding further south to the Pranburi area due to scarcity of beachfront land and the increasing land costs whilst the few condominium projects that have been able to secure land facing the beach/near to the beach with sea views continue to be aimed at the upper middle and high-end luxury market, this again being a reflection of the cost of land having to be passed onto purchasers of the condo’s.

The price of prime vacant land has continued to rise at around 30% to 50 % over the last few years with considerably higher increases for beachfront land and overlooking golf course developments (e.g. vacant land around Black Mountain Golf Course).

Hua Hin Property Market

Many of the older condominiums in Hua Hin located near or on the beachfront offer a number of resale units. These condominiums were built in the 90’s and face the competition of new condominium projects but still demand premium re-sale prices. Given the lack of beachfront land, new developments are often located a few hundred meters away from the sea but offer good sea views and some still have beach access.

Additionally, the modern design, high construction quality and project facilities as well as professional property & rental management are main decision points for these new properties. More details

Property Of the Month

SeaHorse Resort – Invest in your own piece of paradise whilst enjoying a sound investment return.
Exclusive to Engel&Völkers, The Seahorse Resort is a new Hua Hin boutique resort designed from the chic fusion of Mediterranean & oriental styles utilizing both rustic & modern materials and colorful colour schemes. The 29 comfortable guest rooms are spread out within two separate 2 storey buildings focusing on the central pool area.
Each room is decorated in a cool modern setting with all rooms featuring a fresh and unconventional design and most have bright, open style bathrooms, separate rain-shower with bath tub so as to create more space and light in the room.
The exotic Malibu rooms include in-room spa or oversized bath tabs (spa pool), whilst the moon terrace rooms have massage stools, jacuzzi and there is an extra rain-shower in white vista room. The exotic suite also offers a large terrace for added privacy.
As well as offering owners the ability to stay at the resort throughout the year for the investor looking for strong rental return and investment security, owners will enjoy guaranteed rental returns and a buyback option thus delivering not only a great holiday destination only a few hundred meters from the beaches of Hua Hin but also a sound investment opportunity.

Why choose Engel & Völkers?

When you are choosing your real estate agent it is important to remember that the way the company presents itself gives you a good idea of how it will present your property.
Not all of the benefits offered by Engel & Völkers are of relevance for every project. Fortunately, most properties - like their owners - are individual and require individual marketing strategies.

We are a leading real estate company specialising in facilitating the purchase and sale of premium quality residential properties in first class locations in Thailand.

Our unique property shop network and standardised systems guarantee a strong focus on customer service and serves to reinforce our unique brand identity.

Engel & Völkers has access to international customers. With more than 200 Engel & Völkers offices worldwide, we provide an international market network for your property. We have an expanding network that has operations in such diverse locations as Hamburg, Berlin, Marbella, Cape Town, New York, Dubai and the Cote d’Azur. Engel & Völkers makes the digital access to a central data network possible for their offices for the up-to-date exchange of market data, customer wishes and properties.

Engel & Völkers specifically offers your property to selected customers and uses all the consortiums’ synergies to win new target groups.

Engel & Völkers is a company of distinction - the premium real estate agency with its own brand and a focus on helping you to make the right choice for selling or buying a property in Thailand. We offer you proven strategies for success and an extensive service to achieve the best result for you – no matter if you are a buyer or seller.

Admin Office
87/19 Petchkasem Road
Hua Hin, Prachuabkirikhan
77110 Thailand

Sales Office
57/1-2 Petchkasem Road
Hua Hin ,Prachuabkirikhan
77110 Thailand

Tel: +66 32 513 202
Fax:+66 32 513 201
Website: www.engelvoelkers.com/huahin
Email: huahin@engelvoelkers.com