By Andrew Batt:
Prices of land in some parts of Bangkok have doubled as a result of revised appraisal values by the Treasury Department. Plots close to existing and planned mass transit routes have seen the biggest price hikes.
Land stretching from Ladprao’s Meng Jai junction to Ram Indra Road, are now priced at THB00,000 per squ wah. Three years ago the same plots were priced as low as THB50,000 per sq wah.In land-scarce Thonglor, average prices soared to THB1.3 million per sq wah from THB700,000 per sq wah five years ago.
A study carried out by Century 21 (Thailand) showed land along Sukhumvit Road close to the BTS Skytrain network rose to THB1.5 million per sq wah from just THB520,000 per sq wah in July 2012. Land in Asoke also doubled to THB1.6 million per sq wah in the space of just five years.
Andrew Batt, International Group Editor of PropertyGuru, wrote this story. To contact him about this or other stories email andrew@allproperty.com.sg
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