Introduction Khao Takiab in Hua Hin has emerged as one of the most sought-after locations for condominium buyers in Thailand, according to a recent report by real estate firm Knight Frank. This popular seaside area has become a prime choice for both domestic and international buyers, climbing the ranks among Thailand’s top property markets.
Key Findings
- Top Locations for Condominiums: Knight Frank’s latest report highlights Khao Takiab as a top destination for riverside and seaside condominiums in Thailand, alongside Charoen Krung in Bangkok, Wong Amat in Pattaya, and Bang Tao Laguna and Nai Thon in Phuket.
- Rising Property Prices: In Hua Hin, seaside condominium prices have seen a steady increase, with average prices ranging from 71,610 to 189,702 baht per square meter. This makes it a competitive option compared to other high-demand areas like Phuket, where prices are higher due to increased foreign interest.
Market Growth
- Demand and Supply Trends: The average selling price of second-hand houses and condos in prime seaside locations has shown significant growth. In 2023, Phuket exhibited the highest price growth rate at 11.2%, followed by riverside condos along the Chao Phraya River in Bangkok, seaside condos in Pattaya, and seaside condos in Hua Hin.
- Limited Land Availability: The supply growth rate for riverside and seaside properties was 8.8% in 2023, driven by limited land availability. Despite this, the demand for these properties remains strong, with an average sales rate of 84% by the end of 2023.
Hua Hin’s Market Dynamics
- Historical Development: Hua Hin has seen steady development of seaside condos since 2005, becoming a popular choice for vacation homes and investments. As of 2022, the growth rate for seaside condos in Hua Hin was 0.8% of all condos.
- Market Demand: Despite having a higher number of unsold seaside condo projects compared to other areas, Hua Hin maintains a strong market with only 10% of its units left unsold, indicating healthy demand.
Conclusion Khao Takiab in Hua Hin is gaining traction as a prime location for condominium buyers in Thailand, offering competitive pricing and robust market demand. Its rising popularity among both domestic and international buyers underscores its potential as a top investment destination.
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