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\nHint: It\u2019s certainly not in the Omkoi district of Chiang Mai<\/p>\n
\nHint: It\u2019s certainly not in the Omkoi district of Chiang Mai<\/p>\n
Thailand\u2019s treasury department has revealed the results\u00a0of its land price appraisal for 2016-2019, finding that property on the Silom Road in central Bangkok boasts the highest prices in the country, reports the\u00a0Bangkok Post.
Hint: It\u2019s certainly not in the Omkoi district of Chiang Mai Thailand\u2019s treasury department has...<\/p>\n","protected":false},"author":1,"featured_media":594,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-593","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2015\/12\/silom-most-expensive-land-thailand-800x410.jpg?fit=800%2C410&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-9z","jetpack-related-posts":[{"id":14908,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/thai-paper-giant-to-enter-luxury-property-market\/","url_meta":{"origin":593,"position":0},"title":"Thai paper giant to enter luxury property market","date":"May 31, 2016","format":false,"excerpt":"\r An outside-the-box company has decided to enter Bangkok\u2019s resilient luxury condominium market Craft Ploenchit Craft paper maker Panjapol Fibre Container has announced plans to launch a high-end condominium project in Phloenchit worth THB1 billion (USD27.99 million), to be undertaken by its real estate arm\u00a0Panjapol Property, a\u00a0company founded in 2014\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":38849,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bangkok-condos-soar-to-their-highest-off-plan-prices-yet\/","url_meta":{"origin":593,"position":1},"title":"Bangkok condos soar to their highest off-plan prices yet","date":"December 22, 2016","format":false,"excerpt":"\r Will the Thai capital sustain this rate of growth next year? 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\nSince their last report in 2011 for the period 2012-2015, land prices in Bangkok have risen by an average 15.8 percent while the provinces have enjoyed a 27.9 percent increase, according to Chakkrit Parapuntakul, director general of the treasury.
\nProperty prices peaked in Silom at THB1 million (USD28,000) per square wah (the equivalent of 4 square metres) while property on sections of the Rajadamri, Rama I and Ploenchit Roads followed up at THB900,000 (USD25,000)\u00a0per square wah.
\nMore: Which 2 Southeast Asian capitals are future super cities?
\nWhile central Bangkok is enjoying high land prices, it is the city\u2019s wider region that is expected to experience significant market growth next year, reports the\u00a0Nation.
\nVarious developers believe that a 5 to 10 percent growth rate is achievable in 2016,\u00a0thanks to the government\u2019s investment in infrastructure projects throughout Greater Bangkok and the desire\u00a0from home buyers to live near mass-transit stations.
\n\u201cWhen the government starts to invest in infrastructure projects, that will open up new land for property firms to develop residential projects,\u201d explained Thongma Vijitpongpun, CEO of Thailand Property Award-winning Pruksa Real Estate. \u201cThis will challenge property firms to invest in the new locations following the new mass-transit route from Bangkok to the suburbs and [nearby provinces].\u201d
\nTritecha Thanmatithum, Supalai deputy managing director, agrees, citing the additional measures taken by the government to stimulate the market, including the slashing of transfer and mortgage fees.
\nMore: Not the best Q3 for Bangkok\u2019s condo market
\nWhile the rest of Thailand\u2019s property markets will undoubtedly benefit from the regional infrastructure improvements, land prices in the provinces are not quite that of central Bangkok.
\nLand in Hat Yai was deemed the most expensive outside of Bangkok at THB400,000 (USD11,000) per square wah, followed by downtown Chiang Mai at THB250,000 (USD7,000) and Pattaya Beach Road at THB220,000 (USD6,000).
\nThe appraisal report also revealed something for those looking for a bargain, according to the\u00a0Bangkok Post\u00a0\u2013\u00a0the treasury found the least valuable land in the Omkoi district at Chiang Mai where plots were appraised at just THB10 (USD0.30) per square wah.
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\nImage is by\u00a0WPPilot\u00a0and used under a Creative Commons licence
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\nSource : property-report.com
\nRead more…Thailand\u2019s priciest land is officially located in\u2026<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"