WITH the demand for resort homes or vacation homes among wealthy Thais and expats on the rise, Khao Yai is considered a prime resort destination with weather similar to that of Northern provinces while being only a stone’s throw away from Bangkok. The planned motorway from Bang Pa-in to Nakhon Ratchasima will also boost the demand as it will shorten the travel time significantly.
In a press conference at the InterContinental Bangkok Hotel in December, The Creston Hill Khao Yai made history in the Thai property development sector. The property was allegedly charged for encroaching 1.98 rai into the national park’s land in 2015, however the ruling early on in December was in the property developer’s favour.
In a press conference at the InterContinental Bangkok Hotel in December, The Creston Hill Khao Yai made history in the Thai property development sector. The property was allegedly charged for encroaching 1.98 rai into the national park’s land in 2015, however the ruling early on in December was in the property developer’s favour.
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The Creston Hills / Phuphobfah COMMANDING a total of 200 rai with only 57 plots of land available for home seekers, the luxurious property is nestled in a valley surrounded by lush green forested hills and offers a selection of American contemporary style homes for those looking for a vacation or retirement home. The land is priced between 65,000-75,000 per square wah depending on the size. A step away from a bank, supermarket with fresh products from local farmers, Khao Yai National Park, boutique handicraft shops and restaurants, this is considered a prime location for those looking for a quiet escape from the city. |
The Creston Hills found itself in the line of fire. The Phuphobfah Co., Ltd., owner and developer of The Creston Hills Project – a luxury property project in Khao Yai – stated that the investigation of the alleged encroachment caused the company over one billion baht in losses. The damaging news caused buyers to back off or wait for the investigations to end before making decisions.
In 2015, authorities tightened investigations into illegally issued land documents and land encroachment in Nakhon Ratchasima near Khao Yai National Park. The year 2012 marked an all-time high for Khao Yai’s property market for residential supply which continued into 2013. But the boom was cut short after various large projects were investigated for forest and land encroachment with many in the crosshairs.
In 2015, authorities tightened investigations into illegally issued land documents and land encroachment in Nakhon Ratchasima near Khao Yai National Park. The year 2012 marked an all-time high for Khao Yai’s property market for residential supply which continued into 2013. But the boom was cut short after various large projects were investigated for forest and land encroachment with many in the crosshairs.
The project is located on a 99-rai plot, with 30 rai for a lake and 57 villas in American contemporary style. The units will be priced at 55-100 million baht and priced at 65,000-75,000 baht per square wah with entrepreneurs and chief executives as the main target group.
After a grueling 2-year investigation, the company received a favourable ruling regarding their dispute. The good news was received earlier in December 2016 announced that the alleged encroachment was false and the charges were dropped.
The company thanked all involved organisations including the Deputy Prime Minister General Prawit Wongsuwan who assisted in the investigation. But this is not the end of the road for there is now an additional investigation into the latest land measurement by the Department of National Parks, Wildlife & Plants Conservation which was the cause for the dispute.
After a grueling 2-year investigation, the company received a favourable ruling regarding their dispute. The good news was received earlier in December 2016 announced that the alleged encroachment was false and the charges were dropped.
The company thanked all involved organisations including the Deputy Prime Minister General Prawit Wongsuwan who assisted in the investigation. But this is not the end of the road for there is now an additional investigation into the latest land measurement by the Department of National Parks, Wildlife & Plants Conservation which was the cause for the dispute.
