Sansiri’s property management unit Plus Property Co Ltd has been approached by over 150 Thai clients in late October when the floods approached the capital, applying for short rental contracts in the resort city of Hua Hin.
The units that have been shown most interest are those for a stay of under 3 months, with unit rental pricing between US$814-1800.
The spiked interest in Hua Hin and other resort destination comes after residents of Bangkok realise the necessity of a second home for refuge. Real estate experts predict that there will be future interest for more projects with systematic management and permission for pets.
Meanwhile, budget and economy hotels in Hua Hin and Pattaya are fully booked while serviced apartments in Bangkok have higher take up rates, particularly those with parking above basement level.
Source: Property Report