Saturday, September 20, 2008

Opportunities For Overseas Investors To Purchace In A Destination Fit For A King

By: Kaloyan-Veselinov Banev

When the king of Thailand is looking for somewhere to recharge his batteries, he frequently chooses the country’s oldest and most traditional seaside resort, Hua Hin. Just a short flight from the bright lights of Bangkok, it could not be more different - boasting an elegance,charm, and a quiet sophistication that has seen it become something of a Mecca for those seeking relaxation and retirement in the year-round sunshine. And now it’s possible to have a little piece of paradise too, with the development of the brand new Hua Hin Gardens Resort. Planned to appeal to every kind of holidaymaker, the resort offers a full range of facilities including members-only country club; swimming pools; signature restaurants; shops; health and fitness centre; bar lounges; internet cafĂ© and membership to the Beach Club. There’s even a private 18-hole championship golf club for exclusive use. At this early stage in the development, purchasers will have the opportunity to choose from a variety of floor plans and suite styles, with prices starting as low as £43,500 (or € 65,000). Each residence ranges from 70m2 to 135m2, and offers dramatic balcony views of the resort and the surrounding area, or a sea view. Edwina Silver, of UK agents Premier Overseas Properties, said: “Thailand currently represents excellent investment value, especially Hua Hin, being one of the most. In 1921 the director of the state railway, Prince Purachatra, built the Railway Hotel close to the beach. King Prajadhipok (Rama VII) liked the place so much that he built a summer palace there. The palace was named Wang Klai Kang Won ('Far from Worries'). It is now the full-time residence of His Majesty the King of Thailand. His Royal Highness Prince Krom Phra Naresworarit was the first member of the royal family to build a group of palaces at Ban Laem Hin, called Sukaves, and he give the name Hua Hin to the beach next to his palace. In 1932 Hua Hin was part of Pran Buri district. In 1949 Hua Hin was promoted to be a district of Prachuap Khiri Khan province. After the building of southern railway, Hua Hin became the first and most popular beach resort of Thailand. sought-after holiday destinations in the world. The area has benefited from strong capital growth, well in excess of normal trends, and all the indicators point to a continued demand for well-designed, income-generating tourist based accommodation.” It is for these reasons that the company expect investments to double their value over the next five years. unlike the gloomy predictions for UK property. Purchasers also get the use of the apartment for 39 days a year, allowing them to take advantage of the benefits of Hua Hin, so long enjoyed by the King and his consorts.
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Article Source: http://www.articlesnatch.com
About the Author:Premier Overseas Properties are an international property consultancy that offers you overseas investment property and property sale Thailand.

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