Pranburi, in the
province of Prachuap Khiri Khan, is fast becoming an extremely desirable
location for tourists and expat living. To the North, the town is just 30km from
Hua Hin and 280 km Southwest of Bangkok. To the West is the Tanintharyi border
with Myanmar, to the South is Sam Roi Yot, and its Western coastline faces the
Gulf of Thailand. Pranburi is the only town that sits on the Pranburi River,
this 130km river rises in the Tanasserim Hills and exits into the Gulf of
The road links
to and from the capital are good, and there are regular bus and van schedules
running every day. There is also a train link from Bangkok to nearby Hua Hin,
there are 11 daily departures, which include 2 Express and 4 Special Express
services. Hua Hin also has its own regional airport with an expanding flight
schedule, which now includes international flights to Malaysia.
National Parks, beautiful un-spoilt beaches and a population of only around
7,000 people, Pranburi has managed to retain its natural beauty along with its
“Old Thailand” feel. It has managed this whilst still keeping up with the
modern world at a sympathetic pace.
Tourist Development Plan encourages foreign investment that is in-keeping with
the region’s esthetic appeal. It rules that, no new property can be built
within 200 meters of the beach’s high tide line, and buildings cannot exceed 15
meters in height. These restrictions are good news for the area and for
potential investors, it ensures that it shall not fall victim to the over
exploitation that can be seen in many other regions.
opportunities exist for potential investors? Given that Thailand maintains the
sovereign right of the people to retain ownership of land, condominiums are by
far the best and most popular option for foreign investors. The Condominium Act
1979 allows foreigners to own condos outright in their own name; thus, this
gives the purchaser’s maximum security over their investment.
Purchasing a Pre-owned Condo
In and around
the town of Pranburi there are always pre-owned condominiums for sale. Some of
these buildings predate the regions Tourist Development Plan, making them
esthetically less pleasing than the carefully thought out new builds. Depending
on the age of the building, there is also the possibility that the standard of
build quality may not be up to the level of current projects.
consideration to take into account when purchasing a pre-owned condo is that of
a warranty. It may be that the original builder’s warranty has expired, if it
is still in date, is it transferable to a new owner? These aspects must be
investigated and clearly understood prior to agreeing a transfer of ownership.
do not tend to be any cheaper than new builds. In fact, the contrary can be
true, many new projects offer extensive discounts for off plan purchases. The
cheaper properties can be found further away from the beach areas. There are a
few older buildings in the Pranburi, inner rural environs. A 1-bedroom condo
can be purchased for as little as 1.7 million Baht. Away from any local
amenities, and pretty much alone with nature, it might be an isolationists
dream, but for most people, wholly unsuitable.
An older style
development with mountain views, has 1-bedroom, 62 square meter units for sale
at 3.5 million Baht. The building has a high-rise hotel-like appearance and the
available condos are on the 26th floor. A similar building with sea views
is offering a 2-bedroom unit which is available for 7.5 million.
In the pre-owned
property sector, there are genuine beach front buildings with 1 and 2-bedroom
condos ranging from 3.5 million Baht to 13 million Baht. A 3-bedroom older
development with a beach front view can be purchased for 13 million Baht, and
in an area of boutique hotels, a luxury 3-bedroom condo is on sale for 35
Purchasing a New Build Condominium
There are many
obvious advantages to purchasing a new property, particularly from a respected
developer with a proven track record in design, build and customer service. Not
least, the warranties that are now offered with new purchases bring peace of
mind and ongoing support to investors. In addition to this, there are
significant discounts to be had when buying off project.
developers will also consult with investors as to the interior design and décor
of a condo once a purchase agreement has been reached. This individualizes each
unit to its purchaser, and by personalizing the whole project, the investor
feels more of an integral part of the process.
when buying a pre-owned property, the purchaser may not be enamored by the
décor and furnishings, if there are any. This will lead to additional costs as
the purchaser then attempts to stamp their own personality on the property.
is a small, and rather intimate town, within the province, there are a few new
build projects underway which are in-keeping with its un-spoilt, natural
beauty. There are quality projects both inland and coastal. Whatever the
location, the new developments in Pranburi are designed to be in aesthetic
sympathy with the surroundings.
kilometers inland from the coast there is a quality development underway
consisting of 3-bedroom units for which they are offering furniture options
within the sale price of 4.75 million Baht. The development is fairly isolated
with mountain views, and with no shops or amenities in walking distance. The
site has no permanently laid access road, so driving to the properties is a
rather uncomfortable and dusty journey.
By contrast, the
same developers are offering luxury properties in Pranburi at a coastal
location within a gated community. The majority of the units remain available
to investors with 2-bedroom properties starting at 16.5 million Baht. At the
upper end, a 4-bedroom unit will cost 38.5 million Baht. There is a total of 43
properties for sale, however there are in fact only 5 with a genuine sea view.
It is apparent
that some developers are holding areas of land which has been set aside for building
projects to develop in the future. Their reason for holding off on building
now, is due to speculation. The future projections show that quality properties
in Pranburi will outstrip national and regional trends due to the rapidly
growing interest in the area. Many developers will wait, then build when prices
are at a premium level.
Grand Marina Pranburi
There is one
significant project, which is not being held back in Pranburi. A stunning
development is underway to create Thailand’s very own Riviera. The Grand Marina
project is making use of unique geography, a beach front with a private canal
leading directly from the sea. Along the canal a modern marina is being
constructed around which quality condominiums are being built.
This is a low
rise, high end project of quality for discerning investors. Capital growth and
rental yields on these properties will very likely set new levels. Prices for a
1-bedroom unit start at 3.4 million Baht, 2-bedroom from 5.5 million Baht, and
3-bedroom sea view units from 10 million Baht. Each purchase has a 5-year,
comprehensive warranty, along with ongoing support and management services.
This project is setting new standards and is already experiencing unprecedented interest from prospective investors. With forward thinking developments like Grand Marina, the future for Pranburi is a bright and profitable one.