The Treasury Department has released a new list of land price appraisals, citing Silom as the most expensive area in Thailand. The new price appraisals will be effective from July 1st onwards. Deputy Finance Minister Wirun Techapaiboon said the ministry has told the Treasury Department to enforce the new price appraisals on July 1st this year until 2015. The new price was scheduled to be enforced in January this year, but was delayed by another six months due to the flood crisis in 2011.

He said the ministry will no longer delay the enforcement of the new price appraisals given the situation in the nation has returned to normal now. Silom will remain the most expensive area in the kingdom, appraised at 850,000 baht per square wa, a 31% increase from the current price of 650,000 baht.

landcitydowntownBangkok
Land prices on Ratchadamri (from Ratchaprasong Intersection to Khlong San Saeb), Rama I, and Ploenchit Roads will be appraised from around 400,000 baht to 800,000 baht per square wa. Picture: Camilla Davidsson

The highest land price in the South will be in Hat Yai District of Songkhla, at 400,000 baht per square wa. In the North, the most expensive area will be Muang District of Chiangmai, which will go for 250,000 baht per square wa. Meanwhile, Muang District in Khon Kean Province will be worth 200,000 baht per square wa , the highest in the Northeast. The new appraisal list will cause housing transfer and registration fees to go up in accordance with the new appraised prices. Land in Silom most expensive in Thailand : National News Bureau of Thailand

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

You May Also Like

Foreign buyers are back in Thailand’s property market

Foreign buyers typically have higher budgets than Thai buyers, preferring to live in main business districts and along the banks of the Chao Phraya River.

Invest Smart in Thailand and make sure you get extra Rental Yields

Ashton Hawks proudly brings you to The Origin Kathu Patong, located in the heart of the thriving district Kathu. The Origin Kathu Patong is the latest freehold low-rise luxurious condos, offering you a high standard of luxury living in the tropical paradise. 

Thai Residential market sluggish on the back of higher interest rates and stricter loans

Unfavourable factors include higher interest rates, increases in expenses related to home purchase, and stricter criteria for approving loans.