Hua Hin's condominium market will be stable in 2022, as developers in the area are delaying the launch of new projects.
Knight Frank assesses the situation on the condominium market in Cha Am Hua Hin Khao Tao as of the second half of 2021: supply and demand are slowing down. Sales in the second half of 2021 remained stable. There are 7,484 apartments left on the market, which indicates that almost 100% of Thai customers, the main buyers, are following the coronavirus outbreak in Bangkok.
The Director and Head of Research at Knight Frank Thailand Company Limited stated that the condominium market in Cha Am Hua Hin Khao Tao is slowing down in the second half of 2021 in terms of supply and demand. The survey revealed that the number of new projects for sale during the year was only two projects. The reason for this is Covid-19.
The direction of the Hua Hin condominium market will be stable in 2022. The condominium developers in the area want to see this situation and postpone the launch of projects or develop new ones. However, several apartments are for sale in the coastal area, and they are becoming more expensive.