KHON KAEN THAILAND REAL ESTATE’S NEXT BIG THING:
While reports of Phuket and Pattaya being ghost towns are a bit overstated, there is no doubt the COVID-19 pandemic has turned the once vibrant destinations into more restrained locations. The allure of these once popular spots has dimmed over the past 12 months due to both a lack of activity and a rising cost of living. The story in Khon Kaen is completely different. Less than an hour away from Bangkok by plane, the city is one of a few in Thailand not to be disrupted by COVID-19.
Brian, the Sales and Marketing Manager at 8Villas, reports that restaurants have remained open with a positive vibe surrounding the region. What many people may not realize about Khon Kaen is that it is no longer some rural backwater. The city has flourished in recent years. It is now an interesting mix of the traditional Thai culture that locals and foreigners love combined with the modern conveniences living in an urban area provides. It has become so trendy that the Tourism Authority of Thailand (TAT) even launched a Cool Isan campaign designed to highlight just how hip this part of the Kingdom has become.
At the center of Khon Kaen is the Pullman Hotel, a place where you can relax, enjoy a traditional Thai massage, dine in one of the upscale restaurants or hang out around the pool. And from there, you’re in close proximity to just about anything you could possibly want. There are hi-so eateries that wouldn’t be out of place in Bangkok. Turn down a different corner and you’ll find cafes and coffee shops where skilled baristas craft their drinks. Perhaps one of the most unique things about Khon Kaen is the abundance of parks, green spaces and recreational areas. There is Bueng Kaen Nakhon, a large lake surrounded by a park that features a walking/jogging track, temples and several dining options.
Then there is Bueng Thung Sang, another large park and lake that is also the site of Thailand’s largest annual flower festival. Khon Kaen even has an international - standard , championship golf course. Singha Park Khon Kaen Golf Club is relatively new but has become popular with almost all of those who play it. And this is simply the tip of the iceberg when it comes activities in the city.
The tide is turning and, with Khon Kaen being the capital of Isan, which is the home to a third of Thailand’s population, the city is fast becoming an alternative destination to invest or to live in.
No one could have imagined just how the condominium market in Bangkok would have taken off 30 years ago. Some of Phuket’s most popular real estate destinations were little more than afterthoughts less than two decades ago. The moral of the story is that property investors need to look at the bigger picture when searching for what’s next.
Backed by a strong local economy, significant infrastructure investment and a lifestyle people love, Thailand real estate’s next big thing is Khon Kaen and developer 8Villas is at the forefront of this movement.
One of the biggest misnomers people have about Khon Kaen, and all of Isan for that matter, is that it is rural. Over the past decade, the region has blossomed due in large part to massive economic growth of 40 percent from 2007 to 2011. In the decade since that boom, spending power has increased, and the property market has blossomed.
Both overseas and local property buyers are drawn to Khon Kaen for the same reasons. Firstly, the city has a rustic charm. The people are friendly, the surroundings are peaceful and it provides a family-oriented lifestyle that can be hard to find elsewhere.
“Khon Kaen, and Isan as a whole, are brimming with potential that’s begging to be tapped into,” Brian states. “People who visit, love it here. It’s a great place to be. A family-oriented place that has those traditional values people still care about. This combination livability and investment potential makes it truly special.”
8Villas brings a unique vision to Khon Kaen real estate.
To understand 8Villas, it’s important to know their motivation. Not only does the management boast a wealth of international real estate experience, but they have lived in Khon Kaen for years. It is the place they are proud to call home.
“We are part of the Khon Kaen community. For us, this isn’t simply about building houses and selling them,” Brian details. “We live in our developments. It is important to us that our projects are comfortable because we are here all the time. This is our home.”
The process starts by finding a suitable location. Management looks to find land that speaks to them. A place that inspires them to create. No one looks at residential development quite like 8 Villas in Khon Kaen and even Thailand as a whole.
An outstanding example of this can be found at 8Villas Riverside, the homebuilder’s latest project. They saw the potential for something entirely different. A place where they could tell a story. The end result is a majestic estate that is close to the city but surrounded by peace and quiet. It is a safe neighborhood where everyone can feel comfortable and at home.
“The details and unique architecture of 8Villas is a first for Northeast Thailand. It’s luxurious and unique,” Brian states. “It was important for us to offer a different perspective to building in this part of Thailand. We knew the demand for luxury housing was here, but no one was doing it. Unlike other developers who acquire a plot and build a cookie cutter project that is focused on revenue, our approach provides us with the freedom to do what no one else is doing.”
8Villas was the first developer in Isan to build pool villas. It is a style people love and everyone is familiar with in Thailand. However, you couldn’t find many homes with a pool in Khon Kaen before the first project from 8Villas was launched. The management team looked into why it wasn’t being done and worked to find a solution that made it possible.
“No one was building pool villas in Khon Kaen because residents didn’t want the hassle of maintaining a pool. The solution to that was actually quite simple,” Brian points out. “Pools at our residences are cared for each week. Maintenance is scheduled and carried out seamlessly. It is part of the bespoke experience 8Villas provides to ensure residents enjoy a worry-free experience.”
Another signature of 8Villas is the layout. Indoor and outdoor spaces connect to give the homes life. Open indoor areas flow into sweeping outdoor areas. This design concept was very deliberate in order to maximize both space and privacy.
Each home also features a number of other small but important features that make daily life convenient. Case in point, villas come equipped with indoor and outdoor kitchens that provide greater flexibility when it comes to preparing meals. This may seem minor, but those who have lived in Thailand know just how crucial it is.
QUALITY AND COMMUNITY
There are two things you get when buying a residence at an 8Villas development that you can’t find anywhere else in Khon Kaen–quality and community. The developer values both these characteristics highly and goes above and beyond to incorporate them at all projects.
“We control the entire building process ensuring the highest quality. We have a team of contractors to carry out construction. Every last detail is looked after. Even something as small as the placement of an electrical outlet is considered,” Brian says. “Quality control is a big part of what we do at 8Villas. We double, triple and even quadruple check everything at all of our villas. We have engineers on staff to make sure everything is done right.”
What’s more, the 8Villas team is always happy to answer any questions you might have. The process is very transparent because they are invested in creating the highest quality residential experience possible. They don’t want to simply sell you a house.
“This isn’t a transactional relationship. Our clients become friends and family. And really, that’s because 8 Villas is a family business. We take care of each other and look after one another,” Brian details. “We are always here to help our owners. Customers constantly phone us up. You don’t get that kind of bond elsewhere.”
If you visit an 8Villas project, you can’t help but notice a genuine sense of community among residents. There is a family-friendly atmosphere that can be difficult to find just about anywhere in the world these days.
“It is important for us to provide both community and security. People feel safe here and they feel like their privacy is respected. However, we also go out of our way to make sure everyone feels welcome by setting up communal areas,” Brian notes. “During COVID-19, this was very important. Everyone felt safe here and like they could have their own space while still seeing one another. It truly felt like we were all in this together. You don’t get that in other developments.”
A SMART INVESTMENT
Khon Kaen is Thailand real estate’s next big thing. Not only are land prices rising, but there is real demand in the city for high-quality residences. It’s something 8Villas has seen firsthand over the years.
“Many of our buyers have purchased multiple homes, one for residence and one for rent, due to the fact houses never sit empty,” Brian reports. “The 8Villa residences that are available for rent never hit the open market. Some tenants have been renting at 8 Villas since the project was first completed.”
Unlike other developers that rely on guaranteed returns to attract buyers, 8Villas doesn’t need such programs. For starters, renting out a home in Khon Kaen is much easier than in Bangkok or somewhere else.
“8Villas is great from a financial standpoint, regardless of if you’re buying to live or buying as an investment. You’re going to see returns and appreciation. And more importantly, when you want to sell, demand for your home will be there as well,” Brian states.
Ultimately, Khon Kaen is liveable and investable. And the true potential of the city is only starting to be realized. If you’re looking for Thailand real estate’s next big thing, this is it. And with its unique vision for high-quality residences that provide a true sense of community, 8Villas is leading the way.
KHON KAEN THE PLACE TO BE
Around the world people are re evaluating their lives and lifestyles.
Thailand is one of the safest places in the World regarding the containment of the Covid 19 virus this adds to the attraction of living here.
As the Covid disruption grips the World the New Normal is re mapping the hot spots in Thailand.
Where once Pattaya and Bangkok and Phuket were known for their popularity for vibrant nightlife they now seem quite and dead and the bars and restaurants are empty.
Meanwhile just 45 minutes by plane from Bangkok Khon Kaen city tells a different story.
At the center of the city near the Pullman Hotel the night life is not thwarted by Covid.
There is a diverse range of places to visit from bars and coffee shops and restaurants offering both Thai and Western cuisine.
You can relax and enjoy traditional Thai massage or dine in the Pullman hotel in one of their restaurants or use the Gym or Pool whatever mood you are in.
Everything is in close proximity of each other offering something for everyone.
As you walk down the street you can hear the live music playing which adds atmosphere together with people laughing and talking which lifts your spirit.
Parked in the road outside Der La Jazz Restaurant there are a selection of expensive cars including a Ferrari, Porsche ,Mercedes, a Ford Mustang a BMW This certainly does not paint the same picture as other cities in Thailand.
There is no sign of the Covid Disruption that has brought the restaurants and nightlife in other cities to a halt.
The atmosphere and feeling is one of a city full of life and hope.
The Night markets are busy as always and offer great value for those seeking a bargain or traditional street food.
If you play golf then you will be delighted as Khon Kaen is home to the Singha golf park champion ship golf course.
The tide is turning and with Khon Kaen being the capital of Isan which is the home to a third of Thailand’s population Khon Kaen is fast becoming an alternative destination to invest in or to live.
There is interest from many other country’s ambassadors and trade delegates towards Khon Kaen for the following reasons:
- The remarkable development of the city as one of the five smart cities of Thailand and especially that Korea has taken interest in and is ready to develop here.
- Khon Kaen's featured Medical Centre, Education Conference, Seminars and many manufacturing Industries, agricultural products such as sugar and many World export manufacturing industries.
- Khon Kaen is the hub of connection to neighboring countries through road and railways and air with the new international airport due to open in April 2021.
There are future government projects including Dry port project with dual railway connectivity to Nong Khai.
The future high-speed train and special expressway all add to Khon Kaen's economic growth.
- There are government centers facilitating both regional and provincial levels.
The consulate of China, Laos, Vietnam, France, Peru , and Sweden are in the process of seeking permission for government approval.
- The local economy is strong as Khon Kaen does not rely on tourism.
- Khon Kaen is free from the Covid 19 virus and is a safe place to live.
Khon Kaen has so much to offer it is a good investment and great place to live.
- villas business model is perfect.
Khon Kaen is the place to be and 8 villas build the perfect homes for a better way of life.
Start a new life in Khon Kaen with 8 villas.