Land prices in Bangkok continue to rise
Despite the land and property tax, which will take effect in 2017, land prices in Bangkok will continue to rise in the coming year. The new tax does not deter landowners. This is too low, landowners do not want to sell their land to avoid the tax.
There are more than enough examples of the heated land prices. A flat is being built in Chid Lom, the apartments of which will cost 300.000 baht per square meter. Ananda Development Plc is another example, it paid for a 1 rai plot on Rama IV Road: 2,1 million baht. In the box below more examples of the high land prices in Bangkok.
Director Phanom, property consultant at Knight Frank Chartered, thinks it is wise to wait to sell land because prices will still rise. Rangsin Kritalug, chief operating officer of the BTS Group Holding Plc, says that land prices will become unaffordable in the long run. He also warns that mortgages could become problematic for condo buyers.
Property developer AP (Thailand) says that locations in the central business district and near subway stations are extremely high and also continue to rise due to competition.
Source: Bangkok Post
Prices are mentioned in the piece and in the text accompanying the ticket: I think these are amounts per wah (16 square meters), so no rai as stated in the text.
1 rai on Rama IV Road: 2,1 million baht should be 1 wah: mistake in Bangkok Post
I wah is 4 square meters. Mistake Ger
is true Rob,
So let's just indicate how big a Rai is:
1600 square meters and therefore 400 wah
Well,
But it says “land size (Rai…)
And that means the surface of the ground.
So eeeuu, land site 2 Rai = 3200m2 x the transacted price = …….. a lot of Bhat.
Greetings Nico
Oh yes, it is raining very hard.
In combination with the picture it is clear: More than 1 million Baht per square wah was paid for a plot of 2 rai. Incidentally, the wah is a measure of length, 2m, in contrast to the rai, which is a measure of surface area, 1600m².