Govt plan for tourism buoys Plus Property
Sansiri Plc’s property management arm, Plus Property Co Ltd, expects promising prospects for properties in Hua Hin and Cha-am in response to government plans to develop tourism in the western parts of the country.
The linking of land, sea, air and rail transportation modes is slated to attract tourists over the long term.
Plus Property's research division finds that condominiums were the main sellers and as much as 90 per cent of purchases were made for vacation homes. The Khao Tao-Khao Takiep locale is currently the most popular among buyers, due to it being on the seaside, the local way of life, and its close proximity to the city area. This has resulted in a yearly increase in land prices of 10-15 per cent.
Condominiums in this area have seen their prices grow by 41 per cent over the past 5 years with rental yield stands at 4-5 per cent per year, the company’s managing director Anukul Ratpitaksanti said.
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