‘Bangkok’s Hamptons’: why Thailand’s elite are buying beach properties in Hua Hin
- Property prices have soared in the town, about three hours south of Bangkok, which offers sandy beaches and good restaurants without Pattaya’s sleaze
- As with the New York getaway, many Bangkok residents want to escape the traffic and pollution, with the coronavirus pandemic nudging them to make a move
The old town is known for its seafood restaurants on wooden stilts over the sea, and bars mostly owned by Western retirees. But there are signs of change as slick beach clubs spring up further along the beach for the Bangkok party set, while luxury condos and golf courses dot the surrounding hills.
Property agents say their sales during the pandemic show a new wave of city types are reconsidering their priorities.
Sales so far this year have outpaced both 2019 and 2020 combined, according to luxury developer Banyan Thailand, as Asian buyers – mainly Thais – sweep into an area once better known for its Western expats. Prices range from 8 million baht (US$235,000) for a condo to 80 million baht (US$2.3 million) for villas with land and swimming pools.
“Hua Hin is to Bangkok what the Hamptons is to New York,” said Tjeert Kwant, group CEO of Banyan Thailand. “It’s a place for people living in the metropolis – especially the higher middle class and the upper class – to escape to, a place where they feel safe, where they have space.”