A survey conducted by the Agency for Real Estate Affairs has revealed a rise of 4.4% for average land prices in Greater Bangkok from last year. The most expensive land plots are located near the
The high asking prices are due to close proximity to the SkyTrain as well as the availability of many shopping centers nearby, representing a 20% increase from this time last year.
Land around Silom and Ratchadamri roads are almost as costly, priced at THB 1m per square wah (THB 400m/rai, USD 33.5m/acre), an increase from 850,000 baht last year.
Ranked third most expensive is the land around
Cheapest land plots in Greater Bangkok are situated around Rangsit Khlong 13, priced at 2,500 baht per square wah (THB 1m/rai, USD83,850/acre).
Sopon Pornchokchai, the president of AREA, said rising land prices in and around
In 2008 and 2009, land prices have risen only by 3.2% and 2.6%, due to domestic political uncertainty and the global economic downturn.
AREA forecasts a greater increase of land prices next year.