Carapace Hua Hin: An Opportunity for Anyone to Own a Beachfront Hotel
Carapace Hua Hin: An Opportunity for Anyone to Own a Beachfront Hotel
It's a familiar sight during long weekends when Phetkasem Road becomes congested with cars heading to Thailand's popular seaside resort, Hua Hin. This destination has long been a favorite for Bangkok residents. The potential of Hua Hin as a leading tourist city has led to continuous growth in investment from both public and private sectors, making it a key location for real estate investment and residential purchases.
TerraBKK will delve into tourism statistics that confirm Hua Hin is a travel destination for both Thai and foreign tourists.
Tourism Numbers in Hua Hin Continue to Grow Every Year
Tourism statistics for Prachuap Khiri Khan Province from 2009 to 2017 show a consistent growth rate, with an average increase of 1.16% in the number of Thai and foreign tourists. The average length of stay is 3 days, often coinciding with long weekends or public holidays. In 2017, approximately 6,918,000 tourists visited Prachuap Khiri Khan, comprising 5,710,000 Thais who spent an average of 2,395 THB per person per day, and 1,205,000 foreigners who spent an average of 3,620 THB per person per day. Additionally, the hotel occupancy rate was as high as 65.43%, resulting in tourism revenue of 39 billion THB for the province in 2017.
Tourism statistics for Prachuap Khiri Khan Province
Looking deeper into Hua Hin, tourism statistics from 2018 by the Ministry of Tourism and Sports reveal that in the first quarter (January-March) of 2018, Hua Hin welcomed 2,515,380 tourists, a 3.87% increase from the previous year, with an average stay of 2-3 days. Thai tourists spent an average of 2,565 THB per person per day, while foreign tourists spent an impressive 3,984 THB per person per day. The top ten foreign nationalities visiting Hua Hin include China, Germany, Norway, the Netherlands, Finland, Denmark, Japan, the UK, Sweden, and Russia, who view Hua Hin as an excellent place for both short and long-term stays, especially for retirees.
In addition to the tourist numbers indicating diverse demand in Hua Hin, it is noted that there are 11,896 hotel rooms with an average occupancy rate of 68.74% throughout the year. Thai tourists typically spend around 700-800 THB per person per night, while foreigners spend about 1,000-1,200 THB per person per night. In 2018, Hua Hin generated tourism revenue of 7.8 billion THB.
Tourism statistics for Hua Hin
Why Do People Love Hua Hin?
The seaside city of Hua Hin is quite different from other beach tourist destinations in Thailand. Most tourists visiting Hua Hin do not seek to engage in water activities or swim; rather, they prefer to enjoy the sea breeze, relax in hotels or resorts, and dine out. As is well known, Hua Hin is not just a tourist city but a holiday retreat for Bangkok residents.
Being a holiday retreat has led to the development of Hua Hin focusing on accommodating the lifestyle of city dwellers. Popular restaurant brands found in Bangkok also have a presence in Hua Hin. Additionally, private investments have developed Lifestyle Hubs such as Bluport, Vana Nava Water Park, and Seenspace Huahin, community malls that cater to the lifestyle of Bangkok residents.
Images of Bluport, Vana Nava Water Park, and Seenspace Huahin
The character of being a holiday retreat has led to the continuous growth of the housing market in Hua Hin, especially for foreigners who see Hua Hin as an ideal place for retirement. Consequently, holiday condominiums in Hua Hin have become an attractive investment.
Hua Hin Condominiums: “Holiday Homes” for Thais and “Retirement Residences” for Foreigners
With its prime location as a famous beach getaway not far from Bangkok, Hua Hin has captivated both Thai and foreign visitors, often becoming a second home or holiday retreat for many.
Searching for a second home or holiday retreat in Hua Hin is not difficult, and condominiums are often among the top choices for affordable purchases.
The launch of condominiums in Hua Hin over the past 8 years has seen an average price increase of 6.5% per year in presale prices, currently averaging between 87,000 and 95,000 THB per square meter, with some projects reaching over 100,000 THB per square meter. In 2019, the Hua Hin condominium market is becoming vibrant again, driven by both small and large real estate developers, including CARAPACE Hua Hin, a luxury beachfront condominium by One Place Estate, set to launch in 2019.
Overview of Hua Hin Condominium Data
In addition to being a “second home” or “holiday retreat” for Thais, foreigners also find Hua Hin appealing. Beyond the seaside atmosphere, it is viewed as a “retirement residence” due to low living costs, complete amenities, safety, and 24-hour medical services.
Previously, second-hand condominiums in Hua Hin have shown returns in both ownership and rental investment, with current average prices ranging from 69,000 to 92,500 THB per square meter, yielding an average cap gain of about 3.5-6.5%. Additionally, they can be rented out at an average of 450-670 THB per square meter per month. Considering seasonal factors, such as the rainy season (July-October), which may affect occupancy, a calculation based on an 8-month occupancy rate still yields an average rental yield of 4.5-6.5% per year.
Carapace Hua Hin: A Condominium with Hotel-Level Services Guaranteed Returns of 5% for 5 Years
Carapace Hua Hin is a luxury beachfront condominium under the concept of “Value Investment”, situated on a 9-3-98 rai plot of land that stretches from the road to the beach, located in Soi Hua Hin 101. Developed by One Place Estate in collaboration with Best Western, a renowned global hotel brand, Carapace Hua Hin emphasizes not only location and construction quality but also attentive service. It offers a guaranteed return of 5% for 5 years, with free common area fees for 5 years.
Location of the Carapace Hua Hin Project
The Carapace Hua Hin project consists of low-rise condominiums with buildings of 4, 7, and 8 stories, totaling 6 buildings and 532 units, including residential buildings (A1-2-3) and hotel buildings (B1-2-3) managed by BEST WESTERN PLUS, a globally recognized hotel brand. Additionally, there is one underground parking level with a total of 140 parking spaces, accounting for 26% (or 34% if including 40 stacked parking spots).
The units come in two types: 1-bedroom and 2-bedroom, with ceiling heights of approximately 2.6 meters.
- 1-bedroom units range from 25 to 40 square meters.
- 2-bedroom units range from 30 to 71 square meters.
Facilities or common areas of the project include a lobby, fitness center, steam room, water park, swimming pool, pool skimmer system, sunken pavilion, sunken lounge, library, sky terrace, sun deck, kids' playground/kids' room, sculptures, outdoor amphitheater, public park, multi-purpose space, jogging track, covered walkways, Wi-Fi internet, golf cart, key card access, lift key card system, 24-hour security guard & CCTV, smoke alarms, room service, seminar room, shuttle bus, bellboy, all-day dining room, and beachfront café, ensuring all needs are met.
Additionally, Carapace Hua Hin is surrounded by complete amenities, including shopping centers, hospitals, and attractions such as:
- Bluport Mall
- Market Village
- Bangkok Hospital
- Cicada Market
- Market Village Hua Hin
- Hua Hin Market
- Pradiphat Pine Forest
- Khao Takiab
- Khao Tao Reservoir
- Rajabhakti Park
- Khao Tao Beach
Carapace Hua Hin is a luxury beachfront condominium that offers more than just a place to relax; it feels like owning a hotel with a guaranteed return of 5% for 5 years, free common area fees for 5 years, and the right to stay for 15 days per year throughout the management contract. This is sure to appeal to investors. Prices start at just 2.19 million THB. Interested parties can inquire for more information at www.carapacehuahin.com or call 086-996-6662-3 starting today.
