Thursday 23 November 2017

Sansiri’s Rental for the Holidays programme aims to attract investors to new resort developments

High-end Thai property developer Sansiri has launched a holiday rental service for purchasers of their resort condominium projects.

Sansiri’s Rental for the Holidays programme aims to attract investors to new resort developments

Baan San Kraam in Hua Hin is one of the first developments to benefit from Sansiri's Rental for the Holidays programme.

January 27, 2014

The aim, says Natta Arunrat, general manager of Rental for the Holidays, is to support owners of Sansiri condominiums which are managed by its subsidiary Plus Property, and to help them turn their holiday or retirement homes into profitable rental investments.

Sansiri’s service is unique amongst large property developers in Thailand, but it has already drawn considerable interest from holiday makers looking for family accommodation with similar facilities to those offered by hotels including swimming pools and close proximity to the beach.

Ms Natta says her team look after all aspects of preparing holiday properties, including managing furnishing, cleaning, maintenance and bill paying, as well as advertising, taking bookings and deposits and arranging check-ins and check-outs.

Owners are informed before any bookings are confirmed so they have the opportunity reserve the property for their own use provided they give 14 days advance notification.

Rental for the Holidays is currently available in Hua Hin and will progressively expand to other resorts in Thailand including Phuket, Chiang Mai, Khao Yai and Pattaya.

With 2.5 million visitors last year and just 13,000 hotel rooms, local real estate agencies have reported a noticeable increase in the number of investors in Hua Hin buying 1 and 2 bedroom condominiums as holiday rental investments.

Knight Frank's director of residential sales, Frank Khan, said that Scandinavian and Russian tourists in particular were booking rentals or between 3 to 6 months in Hua Hin and that prices in the area have increased by 6% year-on-year.

 

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