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Hua Hin, Thailand. 19th May, 2009
New operator for Exotiq Real Estate
in Hua
Hin
Exotiq Real Estate, (www.exotiqrealestate.com),
South East Asia's largest resort focused brokerage, with
11 offices in 9 destinations, has announced the signing of
a five year agreement with Hua Hin Property Central Co Ltd
(HHPC).
Under the agreement HHPC will open multiple offices in
Prachuabkirikan Province starting with an HQ office in the
Royal Resort City of Hua Hin, Thailand.
Previously, in 2008, Exotiq Real Estate had signed a joint
venture with Siam Property for the coverage of the Hua Hin
market. However, this arrangement was cancelled after the
ownership of Siam Property changed hands at the beginning
of this year.
Russ Downing, Managing Director of HHPC was formerly
associated with Siam Property, heading up their
International Sales and Marketing efforts. "In this
economy there is so much opportunity to be had" said
Downing, "Thailand and Hua Hin in particular are poised to
be the benefactors with so many investors no longer
interested in the meager returns paid by their financial
institutions. Savvy investors are coming to Hua Hin to
purchase property that will not only appreciate in value
but also provide a rental return far greater than the
interest paid by their banks".
Downing went on to say "In every crisis people need time
to assimilate, get comfortable and move on. When the oil
crisis hit us last year and oil was spiking to an all time
high, so called experts were predicting oil to hit 300,
400 even 500 dollars a barrel. People were spooked; no one
was interested in buying anything. Then as history has
always shown us people assimilated the situation, realized
they were going to pay more for oil but that life would go
on and they still had money and they still had dreams. The
same has occurred with this financial crisis, people have
assimilated the news, are no longer scared by what they
are hearing and are ready to invest again, website
inquiries are up and sales activity has increased."
"We are delighted to be able to build on the foundations
set by Siam Property last year by welcoming Russ and his
team back into the Exotiq family" commented Angus
Maclachlan, CEO of Exotiq Thailand. "This area of Thailand
has enormous potential for holiday and retirement home
purchases and fits into our network very nicely. Prices in
Hua Hin are lower than in Phuket or Samui and it's close
proximity to Bangkok makes it a very attractive beachfront
destination.
Hua Hin is the sixth location for Exotiq Real Estate in
Thailand. Since 2007, agencies have opened in Koh Samui,
Pattaya, Koh Chang, Krabi and Phuket. In Chiang Mai,
Exotiq have an associate broker deal with Jasmine Homes.
Exotiq also recently opened an interior design and
furnishing showroom in Hua Hin under the 'Exotiq Living'
brand.
For more information contact:
Angus Maclachlan +66 83 116 2852;
angus@exotiqrealestate.com
Russ Downing +66 84 387 5699;
rdowning@exotiqrealestate.com
Gregory Love +66 86 087 6926;
greg@exotiqliving.com
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