Silom has costliest property in
Thailand's most valuable real estate is located on Bangkok's Silom Road, with property worth Bt850,000 per square wah (4 square metres), followed by the capital's Rajprasong intersection, the epicentre of last year's red-shirt political rally, where e
Average land prices nation-wide increased 21.34 per cent over the past four years, Treasury Department director-general Naris Chaiyasoot said yesterday.
The department has completed its land-price appraisal for 2012-2015, a price reference guide for fee and tax collection on real-estate transactions, Naris said.
Average land prices in Bangkok have risen 17.13 per cent from the 2008-2011 appraisal, while those upcountry have increased 21.40 per cent, he said.
The most expensive land plots are located on Silom Road between Sala Daeng and the Narathiwat intersection, at Bt850,000 per square wah, up 43 per cent from the 2008-2011 appraisal.
"The market price of land on Silom Road is higher than our appraisal price, at about Bt1 million per square wah," Naris said.
Land around Rajprasong intersection is also very dear at Bt800,000 per square wah, up from Bt430,000.
Outside Bangkok, Songkhla’s Hat Yai district is the most expensive with land priced at Bt400,000 per square wah.
Land in the heart of Chiang Mai is also priced very high, at Bt250,000 per square wah. Downtown Khon Kaen ranked the most expensive in the Northeast at Bt200,000 per square wah.
The cheapest land in the country is to be found in Baan Rai district of Uthai Thani province, worth only Bt10 per square wah. Bangkok’s cheapest location was Bang Khunthien, where land was appraised at Bt500 per square wah.
The department expects to collect land-transaction fees next year of Bt80 billion, up from Bt67 billion this year, Naris said.
The price of land affected by the flooding was expected to remain unchanged next year, he said.
