PROUD benefits from mega-projects attracting foreigners to settle in Hua Hin, with a continuous boost in sales for Vela Hua Hin. This trend draws demand from both Thai and foreign buyers, whether for personal use or investment. The company is unveiling two new room designs and offering the Unveil The New Precious promotion, with discounts on all units and over a million baht in bonuses until the end of the year.

PROUD reports that sales for the Vela Hua Hin luxury condominium project, under the concept of “New Lifestyle Seaview Residences,” continue to thrive, benefiting from the recovery of tourism and an increase in foreign residents in Hua Hin. The project captures demand from both Thai and foreign buyers, with foreign customers accounting for as much as 47% of total sales, a notably high ratio for projects in Hua Hin. This is partly due to the recovery of tourism, with foreign tourist numbers increasing by 360% from January to October this year compared to the same period in 2022, resulting in a 13% increase in occupancy rates compared to last year.

Additionally, PROUD remains confident that mega infrastructure projects will enhance travel convenience to Hua Hin, such as the completed expansion of Hua Hin Airport's runway, the upcoming dual-track railway set to open mid-month, and the motorway project connecting Bang Khun Thian to Ekachai, which is expected to be completed by 2024. These developments, along with ongoing government support for projects like Thailand Riviera and Land Bridge, will drive urban development in the lower central region, positively impacting the overall real estate market, especially for projects in central Hua Hin. With Hua Hin's comprehensive offerings in tourism, education, healthcare, and various sports clubs, combined with a relatively low cost of living compared to other provinces like Bangkok or Phuket, we believe Hua Hin will truly become a gateway to the south. Historically, Hua Hin has been a top choice for foreign retirees, but recently, there has been an increase in younger foreign families, leading to a current foreign resident population of about 40,000-50,000, a significant number compared to Hua Hin's total population of approximately 130,000.

The Vela Hua Hin project is a luxury condominium with 31 floors and a total of 364 units, located on Phetkasem Road, behind the Vana Nava Water Park, and adjacent to the Holiday Inn Resort Vana Nava Hua Hin. It features a unique Single Corridor design, ensuring every unit has a full sea view, along with superior common facilities spanning over 2,700 square meters, including a large swimming pool, rooftop hot tub, Kids Club, Sky Theatre, and more, catering to a new lifestyle. Additionally, every unit comes with a five-year complimentary access to Vana Nava Water Park starting from the signing of the contract, and ongoing services from the Holiday Inn Resort Vana Nava Hua Hin have contributed to consistent sales, particularly for the rare Penthouse Duplex units, which range from 101 to 349 square meters and are nearly sold out in a short time. This has led the project to expand its offerings with two new layouts:

1) Penthouse Horizon Bay - 147 square meters starting at 22.39 million baht, featuring three bedrooms, a spacious living room, and a large balcony that can be adjusted to enhance the living space, offering panoramic views of the sea and Takiab Mountain, perfect for sunset watching.

2) One Bed Extra Bliss - available in two sizes, 59 square meters and 61 square meters, starting at 7.85 million baht, featuring a large balcony with full sea and Takiab Mountain views, one bedroom, and a versatile room that residents can customize as needed.

Other room types include Two Bedroom units of 56 square meters with wide fronts, large balconies, and Jacuzzis, One Bed Room Plus units of 45 square meters with a multipurpose room, and One Bedroom units of 28 square meters. All rooms feature Double Skin Balconies, allowing flexible use as indoor or semi-outdoor spaces, with sea views visible from all areas within the units.

The location is another key strength positively impacting investment, especially for the Vela Hua Hin project, which is near Nong Kae. According to Fazwaz data, this area has the highest demand for rental accommodation in Hua Hin, accounting for 52% of the total, followed by Hua Hin town at 28%, and then Thap Tai and Khao Hin Lek Fai. The rental price per square meter in Nong Kae is higher than in other areas of Hua Hin, averaging 428.57 baht per square meter, while the overall rental price in Hua Hin town is 408.16 baht per square meter, making this project particularly attractive for those seeking real estate investment in Hua Hin.

The average rental yield for projects in Hua Hin is around 5.65%, but for the Intercontinental Residences Hua Hin, another project by PROUD that has recently transferred ownership, the rental yield is between 7-8% due to its prime location and services from the Intercontinental hotel chain. Therefore, with Vela's location, sea views from every unit, and comprehensive project features, it is expected to achieve rental yields higher than the market average.

From December 9-11, anyone in Hua Hin should not miss the special event for the Vela Hua Hin project, Unveil The New Precious, inviting everyone to experience luxurious living with special room pricing, a 10% discount on all units*, a free gold bar of 1 baht*, and the choice of over three bonus items* including an iPhone 15 Pro*, a stay at InterContinental Hua Hin Resort*, and mall vouchers*, with prices starting at 3.59 million baht.

Interested parties can visit the project and enjoy exclusive sea views every day at the sales gallery of Vela Hua Hin at the Holiday Inn Resort Vana Nava Hua Hin, 25th floor. For more information, visit https://bit.ly/unveilthenewpreciousnews or call 02 026 8999. Facebook: Proudrealestate LINE OA: @proudrealestate