Property News · October 4, 2016

You can now go to a mall in Hua Hin, Thailand (and live beside it)


Tens of thousands expected to visit even on weekdays
The scenic coast of Hua Hin. Wassana Mathipikhai/Shutterstock
Tourists in Hua Hin, Thailand can now cap a day at the beach with a stroll at the shopping mall, and with talks of a future housing project beside it, they will soon be able to live where they shop too.
Hua Hin Asset Co, the joint venture between The Mall Group and the Liptapanlop family’s Proud Real Estate firm, opened on Saturday its first mall in the beach resort town: BluPort.
The rise of top-end residential property projects in Hua Hin has become a deciding factor in the mall’s creation, according to Supaluck Umpujh, vice-chairwoman of The Mall Group, also known as the retail developer behind The Siam Paragon in Bangkok. “Many executives have a second home in Hua Hin, where they enjoy relaxing on weekends,” she told The Nation. “Hua Hin is a charming city with a long legacy.”
More: Why luxury real estate in Thailand remains a solid investment
The new mall stands next to a tract of land that has been reserved for a residential development, according to Pasu Liptapanlop, executive director of Hua Hin Asset.
BluPort, which covers 200,000 square metres, cost more than THB5 billion (USD144 million) to build. The retail centre is expected to command heavy foot traffic, with 20,000 visitors expected on weekdays and 60,000 at peak season.
Aside from retailers, residential developers are bullish on Hua Hin’s prospects. Among them, PACE Development is developing MahaSamutr, a community of villas which gird a Crystal Lagoon similar to one in Sharm El Sheikh, Egypt. The development earned three awards at the recently wrapped-up Thailand Property Awards.
Read next: Thailand’s luxury developers seek outside investments

Source : property-report.com
Read more…You can now go to a mall in Hua Hin, Thailand (and live beside it)

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