Hua Hin – Investing in Thailand’s Riviera For Luxury Property
While Thailand is fighting back against Covid-19, its seafront province of Hua Hin is becoming a fast-growing domestic market for elite properties which are perched on hillsides. Hua Hin is dubbed as Thailand’s Riviera and the city’s modern residences make attractive investment propositions for would-be homeowners whether domestically or regionally.
Rise of Hua Hin
Lying just 230km southwest of Bangkok, situated in the southern quarter of Thailand’s royal heritage destination near Khao Takiab, this idyllic location is making Hua Hin experience a major uptick in interest because of its laidback charms and close-by infrastructures and amenities for residential living.
In this residential enclaves, one can find bespoke villas, landed homes and condominiums perched perfectly on slopes and inclines where homeowners can admire sweeping views of the Gulf of Thailand from high vantage points.
Surge in Domestic Importance
While the global pandemic wields its stranglehold on many economies, the prospect of Hua Hin fighting the odds is strong because the province has stronger domestic focus and has allowed itself to offset the international downturn and achieve more attention than before. In fact, 2019 tourism figures revealed that Hua Hin experienced 74% in favour of the domestic market, and this number is expected to climb in 2020. In July 2020, Hua Hin witnessed its first exclusive villa transaction where the homeowner is a long-term expatriate Thai resident.
Hua Hin Is Catching Up
Hua Hin is definitely catching up to Phuket as a go-to destination for luxury real estate; appealing to its domestic market. In addition, with the widening of the Bangkok-Hua Hin road to be completed by 2022, this six-lane highway where road users can make a trip from the Thai capital to Hua Hin in two hours, will bode well for Hua Hin’s future trade, commerce and tourism. Not forgetting, a double-track trail system which is set to be completed in the same year, further shortening travel time from Bangkok. Lastly, the upcoming expansion plans of the international airport at the cost of THB 350 million will be completed by 2023, thereby allowing regional legacy aviation carriers to berth in Hua Hin.
Hua Hin is also noticing a seachange in its infrastructure where international schools, hospitality projects and international medical facilities are all in the works to create the once-sleepy destination as Thailand’s Riviera. Read about this other property in Hua Hin.